Be aware false advertising by CIBC

fairwindw1 wrote: ↑ Be aware, CIBC is cheating its customers by false advertising.
I signed up this offer only to find the actual rate is only less than 2%!
When I called, the rep told me the so called 2.75% for 120 days is only 1.7x% bonus rate plus a base rate, and they dropped the base rate once you sign up.
so much for 120 days!
I know banks play tricks on consumers all the time but this is going too far.
sf-yell
I am reporting this to FRFI, so beware if you sign up this offer
https://itools-ioutils.fcac-acfc.gc.ca/ ... e3cbfec1c2

andrew4321 wrote: ↑ Since you are not posting the offer I would assume that it is this one and you should have read it before applying for the new account. It is only you misunderstanding the T&Cs, no "cheating" or " false advertising" in this case.

demzie wrote: ↑ It's the banks lol. You can't take their word for it because quiet frankly - their frontline either doesn't care, are not educated about details of their promotions or quiet frankly - just want to make the sale as that's all that matters to the banks.

You - on the other hand, should know that and do your due diligence

fairwindw1 wrote: ↑ not the offer you mentioned. I did read all the fine prints and verified with the branch staff, too bad I didn't save the agreement. CIBC now has agreed to review this with ombudsman. But I will never bank with CIBC from now on.