Canadian Imperial Bank USA

Deposit Rates APY Vs.Others
Savings 1.27% 1.65% →
1-Year CD N.A. 2.02% →
2-Year CD 1.65% 3.00% →
3-Year CD N.A. 3.25% →
4-Year CD N.A. 3.30% →
5-Year CD N.A. 3.35% →

2022 Overview

General Online Bank Information

Money that you deposit is held by CIBC Bank USA. CIBC Bank USA is an FDIC insured institution founded in 1991. It has approximately $48.49 billion in assets.

Deposits FDIC Insured Yes
Insured Bank CIBC Bank USA
FDIC Certificate # 33306
Date Established 1991
Assets $48.49 billion
Loans $28.62 billion
Deposits $38.87 billion
Capital $7.37 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.

Deposit Rates - June 26, 2022

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Agility Savings Account
1.27% $1,000 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
18 Month Online CD
1.60% $25,000 - Learn More
24 Month Online CD
1.65% $25,000 - Learn More

 

Bank Offers

CIBC Lowers Its Online Savings Rate to 1.35% APY
May 27, 2020

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 Lowers Its Agility Savings Rate to 0.80% APY
Sep 1, 2020

CIBC has lowered its online savings rate from 0.90% APY to 0.80% APY.


CIBC Agility Savings is Lowered from 0.70% to 0.62% APY
Nov 2, 2020

CIBC Agility Savings is Lowered from 0.62% to 0.52% APY
Dec 10, 2020

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%.




Climate Initiatives

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 (19)


  • 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).

  • October 18, 2020 |

    Online Savings Rates

    Phone rep in Canada made a racist remark on the phone. Acceptable there perhaps, not here.

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