| Deposits FDIC Insured | Yes |
| Insured Bank | CIBC Bank USA |
| FDIC Certificate # | 33306 |
| Date Established | 1991 |
| Assets | $35.55 billion |
| Loans | $24.77 billion |
| Deposits | $26.83 billion |
| Capital | $6.46 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
|
0.70% | $0 | - |
Learn More
|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 1-Year CD
|
0.55% | $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.
Customer Reviews for CIBC Bank USA (16)
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:0 / No: 0
Lulu
October 18, 2020 |
Phone rep in Canada made a racist remark on the phone. Acceptable there perhaps, not here.
Is this review helpful? Yes:0 / No: 0
ABZie
October 15, 2020 |
Uses same standard Netellier interface as lots of other banks, except somehow they manage to mess it up. Impossible to indicate preferences for maturing CDs without sending an email. Impossible to remove a corresponding account without calling. Etc., etc.
Is this review helpful? Yes:0 / No: 0
Jenni
September 28, 2020 |
I am not sure that I really want to write this here because I know I will probably want to take it back later, but I've been tracking the rates for several months and CIBC has been slower to cut their rates and then seems to cut them less to the bone. I know some rates are now higher, but among the names I recognize this is now the highest. I also find the people helpful when I call.
Is this review helpful? Yes:0 / No: 0
Rich Zazlov
September 21, 2020 |
It is good. Just like all of the others so you can open here if the rate is better.
Is this review helpful? Yes:0 / No: 0
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