Renaissance Investments introduces a new High Interest Savings Account



    TORONTO, May 13 /CNW/ - Renaissance Investments announces the addition of
a High Interest Savings Account to its competitive product line-up. The
Renaissance High Interest Savings Account is a savings vehicle that currently
offers an interest rate of 1.15% and is CDIC eligible.
    "Including a cash component in any investment plan is an effective way to
manage a client's portfolio while offering liquidity and convenience," said
Steve Geist, President of CIBC Asset Management. "With the Renaissance High
Interest Savings Account, investors enjoy the benefit of a competitive
interest rate, while taking advantage of the added security of deposit
insurance."
    The account is available for registered and non-registered investments
and is an ideal savings vehicle which can be used as part of an overall plan
to diversify an investor's portfolio.

    Renaissance Investments offers a line-up of high quality investment
solutions that offer investors the very best in choice, value and investment
management expertise. Renaissance Investments products include the Renaissance
Investments family of funds, Axiom Portfolios and Frontiers Pools. Renaissance
Investments is offered by CIBC Asset Management Inc., a wholly owned
subsidiary of CIBC. For additional information, visit our website at
www.renaissanceinvestments.ca.





For further information:

For further information: contact Doug Maybee, Director, External
Communications and Media Relations, CIBC, Tel: (416) 980-7458,
doug.maybee@cibc.com


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