• 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.
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 |
Fees | |
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 |
Statements | |
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)
SheKnows
October 3, 2022 |
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.
Is this review helpful? Yes:0 / No: 0
FredU
May 19, 2022 |
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.
Is this review helpful? Yes:1 / No: 0
ElMAC01
May 20, 2021 |
opened the account because it is the only name on the list that sounded familiar ... works fine, no problems
Is this review helpful? Yes:2 / No: 0
jazyGirl
December 11, 2020 |
I did not like the rate drop yesterday fellas. This went from great to good to average to poor in no time!
Is this review helpful? Yes:2 / No: 1
CPI34
October 23, 2020 |
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).
Is this review helpful? Yes:2 / No: 0
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