*Registered Deposit Promotional Rate Offer
The following Terms and Conditions explain in detail how a 2% per annum combined
regular and promotional annual interest rate can be earned on the additional balance in
an existing Eligible Account (as defined below) or on deposits to a new Eligible
Account:
• “Eligible Account” means: (i) an existing President’s Choice Financial® The World’s
BestTM RRSP, Interest PlusTM RRSP and/or Tax Free Interest Plus savings account,
and (ii) a new President’s Choice Financial The World’s Best RRSP, Interest Plus
RRSP and /or Tax Free Interest Plus savings account that is opened between
December 1, 2012 and April 30, 2013 and in which funds are deposited during that
period.
a. This promotional interest offer (the “Offer”) begins on December 1, 2012 and
continues until April 30, 2013 (the “Offer Period”).
b. Under the Offer, promotional interest (“Promotional Interest”) is the amount of interest
to be paid that is in excess of the Regular Interest. “Regular Interest” is the current
interest rate(s) set by President’s Choice Financial services and is payable on an
Eligible Account balance. For each existing Eligible Account, Promotional Interest will
be paid on the portion of the Eligible Account’s average daily closing balance during the
Offer Period that exceeds the closing balance as at November 30, 2012 (the “Additional
Balance”). The Additional Balance will earn a combined Promotional Interest rate and
current regular rate equal to 2% annually during the Offer Period. If an Eligible Account
is overdrawn as at November 30, 2012, the November 30, 2012 closing balance is
deemed to be zero. For each new Eligible Account, deposits will earn a combined
Promotional Interest rate and current Regular Interest rate equal to 2% annually on the
average daily closing balance from the date the Eligible Account is opened for the
duration of the Offer Period. Promotional Interest will not be paid on funds that are
transferred from an existing Eligible Account to another existing or new Eligible
Account.
c. Eligible Accounts will continue to earn Regular Interest on balances, calculated daily
and paid monthly.
d. The Promotional Interest will be paid in May 2013 to the account holder’s Eligible
Account(s). If an account holder has multiple Eligible Accounts, the Promotional Interest
for each Eligible Account will be paid separately into such Eligible Account. Promotional
Interest will not be paid into any Eligible Account that is not active and in good standing
as at April 30, 2013.
e. Promotional Interest will not be earned on any Additional Balances in excess of
$1,000,000 in the aggregate, across all of an account holder’s Eligible Accounts, during
the Offer Period.
f. The provider of President’s Choice Financial personal banking services (the direct
banking division of CIBC), reserves the right to cancel or change the terms of the Offer
at any time, and revoke the Offer for any customer who appears to be manipulating or
abusing the Offer, or is engaged in any suspicious/fraudulent activity.
g. Promotional Interest as well as regular rates are subject to change at any time; visit
http://www.banking.pcfinancial.ca/a/rates/allRates.page or speak to a President’s
Choice Financial personal banking representative for current rates of registered Eligible
Account investments: The World’s Best RRSP, Interest Plus RRSP and/or Tax Free
Interest Plus savings account.
h. Additional terms, conditions and limitations apply to opening and making deposits in
an Eligible Account. Individuals must meet the criteria of President’s Choice Financial
services to open an Eligible Account in order to qualify for the Promotional Interest offer.
Promotional Interest recipient is solely responsible for any tax consequences associated
with the Promotional Interest. The Promotional Interest cannot be substituted or
transferred to a third party. Details are available upon request.
®/™
PC, President’s Choice, PC Financial, President’s Choice Financial, The World’s
Best, Interest Plus and Fresh Financial Thinking are trademarks of Loblaws Inc. CIBC is
a licensee of the marks.
†
President’s Choice Financial personal banking services are provided by the direct
banking division of CIBC.