Deposit Rates APY Vs.Others
Savings 1.35% 1.62% →
1-Year CD 0.55% 1.55% →
2-Year CD N.A. 1.45% →
3-Year CD N.A. 1.46% →
4-Year CD N.A. 1.56% →
5-Year CD N.A. 1.66% →

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 $33.59 billion in assets.

Deposits FDIC Insured Yes
Insured Bank CIBC Bank USA
FDIC Certificate # 33306
Date Established 1991
Assets $33.59 billion
Loans $22.82 billion
Deposits $24.79 billion
Capital $6.22 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 - May 30, 2020

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Agility Savings Account
1.35% $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.

Customer Reviews for CIBC Bank USA

  • February 14, 2020 |

    Online Savings Rates

    Absolutely impossible to go paperless. I have 3 CDs with this bank and have no complaints other than the fact that I get three large envelopes with statements every month. I've tried to go paperless online and tried calling, multiple times, but the paper keeps coming.

  • October 08, 2019 |

    Online Savings Rates

    Got in 2 months ago at 2.40%. This turned out to be a giant disappointment. Rate today stands at 2.05% and some banks are still around 2.40%.

  • August 14, 2019 |

    Online Savings Rates

    My husband and I opened an account here and we are enjoying the fact that they are holding their rate at a competitive level while all of the more established online banks are dropping theirs. (We expect that it will fall if rates continue to decline, but hope it stays above the competition!) The people were very nice on the phone and everything works well. We are however a little disappointed by the transfer speeds (2 days versus 1) and the website is not always entirely intuitive (seems to use a software program different from that we have seen elsewhere).

  • August 06, 2019 |

    Online Savings Rates

    Very reliable and person I spoke with was so nice and helpful. Feel better having money in a well known large bank

  • April 24, 2019 |

    Online Savings Rates

    Very straight, simple and effective web.

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