Canadian Imperial Bank USA:
Online Certificate of Deposit - 4.30% APY

• The minimum deposit is $1,000. The maximum deposit is $5,000,000.
• Interest is compounded and credited to your account on a monthly basis.
• We may charge a 30 day penalty if you withdraw your CD funds before maturity.

Fee and Feature Guide

Certificate of Deposit
Interest Rate
APY 4.30%
Term Length 12 Month
Minimum deposit amount $25,000.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $1,000.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $25,000.00
Early withdrawal penalty 30 days interest
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee $35.00
Incoming Wires N/A
Paper Statements Yes
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay Yes
Online Bill Payments Required Yes
Account Opening
Open Online Yes
Insured by F.D.I.C.

Customer Reviews for Canadian Imperial Bank USA (20)

  • October 3, 2022 |

    Online Savings Rates

    The rate is not always competitive (but I am checking now on October 3, 2022 and it is above Ally, Barclays, Marcus, Synchrony). I still give CIBC an A+. It is all about transfers. Theirs are easy, reliable.

  • May 19, 2022 |

    Online Savings Rates

    I was a long time customer. I took balances down below $200 in 2020 in order to buy a house during pandemic. I had always planned to deposit again in a rising rate environment. I logged back on today and kaboom, they took all my money in fees for having a low balance. I also have accounts with some of the others (Marcus, Ally, CitizensAccess). I recommend those ones and not this one as they would never steal from me.

  • May 20, 2021 |

    Online Savings Rates

    opened the account because it is the only name on the list that sounded familiar ... works fine, no problems

  • December 11, 2020 |

    Online Savings Rates

    I did not like the rate drop yesterday fellas. This went from great to good to average to poor in no time!

  • October 23, 2020 |

    Online Savings Rates

    I was moderately annoyed that I could not indicate online that I did not want my CD to roll-over at maturity, and then more annoyed when they ask why I wasn't renewing (the renewal rate is below their online savings rate).

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