Deposit Rates APY Vs.Others
Savings 0.70% 0.95% →
1-Year CD 0.55% 1.01% →
2-Year CD N.A. 0.95% →
3-Year CD N.A. 1.21% →
4-Year CD N.A. 1.26% →
5-Year CD N.A. 1.30% →

2020 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 $35.55 billion in assets.

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.

Deposit Rates - October 26, 2020

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Agility Savings Account
0.70% $0 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
1-Year CD
0.55% $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.

Customer Reviews for CIBC Bank USA (16)

  • 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.

  • October 15, 2020 |

    Online Savings Rates

    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.

  • September 28, 2020 |

    Online Savings Rates

    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.

  • September 21, 2020 |

    Online Savings Rates

    It is good. Just like all of the others so you can open here if the rate is better.

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