CIBC introduces $6.95 per trade pricing for all online investors

New offer features no trade minimums and applies to all investors with combined balances of $100,000 or more in CIBC products

TORONTO, Oct. 28 /CNW/ - CIBC Investor's Edge is introducing pricing of $6.95 per trade, with no trade minimums, to all online investors that have $100,000 or more in business with CIBC.

"This new and innovative pricing offer gives online investors one of the most competitive trading prices available today in Canada," said Michael Martin, Senior Vice-President, Alternate Channels at CIBC. "The premise is simple; bank with CIBC and receive our best rate on your online equity and option trades with Investor's Edge. All you need is to have $100,000 in CIBC products per household to qualify and this includes loans and mortgages, plus there's no minimum number of trades and no minimum investment amount required.

"CIBC looks at your whole banking relationship whether it is your mortgage, GICs, Line of Credit or Investors Edge trading account," added Mr. Martin. "Online investors with total household account balances of $100,000 at CIBC will now pay one of the lowest trade prices in the industry. This special pricing applies no matter how often they trade and applies to both new and existing clients."

Under the new CIBC Investor's Edge pricing, CIBC clients with total balances of $100,000 or more per household in CIBC products qualify for the price of $6.95 per online equity trade or online option trade (option trades are also subject to a $1.25 per contract fee). Online investors with balances between $50,000 and $100,000 in a CIBC online brokerage account will be eligible for a low $9.95 per trade price.

The $100,000 per household total applies to the combined total of deposits, investments and loans, including mortgages, held by all occupants of a household through CIBC and other CIBC affiliates.

CIBC Investor's Edge is now enrolling clients in the new pricing plan which takes effect Jan. 1, 2011.

CIBC Investor's Edge provides its clients with exceptional service, support and value with both website and toll-free telephone access to a wide range of accounts and investments, including stocks, fixed income instruments, options, GICs and over 2,000 mutual funds, as well as online planning tools, CIBC World Markets research, and Standard and Poor's© stock reports.

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.

For further information:

Rob McLeod, CIBC, [phone]