| Deposits FDIC Insured | Yes |
| Insured Bank | CIBC Bank USA |
| FDIC Certificate # | 33306 |
| Date Established | 0000 |
| Assets | $50.93 billion |
| Loans | $32.3 billion |
| Deposits | $40.98 billion |
| Capital | $8.23 billion |
For a more detailed analysis of CIBC Bank USA's financial condition and a description of what these numbers mean, please visit the Financial Details section.
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Agility Savings Account
|
4.52% | $1,000 | - |
Learn More
|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 18 Month Online CD
|
5.02% | $25,000 | - |
Learn More
|
| 24 Month Online CD
|
4.80% | $25,000 | - |
Learn More
|
CIBC has lowered the online savings rate offered at its US subsidiary to 1.35% APY. With some analysts suggesting that a major Canadian bank could be in trouble as a result of the collapse in oil prices, it seems like an important time to maintain your deposits within FDIC limits with this bank.
CIBC has lowered its online savings rate from 0.90% APY to 0.80% APY.
CIBC, the Canadian bank that is trying to compete in the US online market, has dropped its online savings rate from 0.62% to 0.52%.
They have also dropped their 12-month CD rate to 0.50%.
Canadian Imperial Bank USA is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.
Customer Reviews for Canadian Imperial Bank USA (21)
CD rate is tough to beat
May 30, 2023 |
One year at 5.28% with a 30 day Early Withdrawal Penalty is tough to beat, (except in the Treasury market where I can get the same terms and it is state tax free).
Is this review helpful? Yes:0 / No: 0
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
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