| 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.
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Agility Savings Account
|
1.27% | $1,000 | - |
Learn More
|
| 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
|
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 (19)
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:0 / 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
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:2 / 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:2 / No: 0
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