Compound Interest Calculator
CD 9-month Account from Canadian Imperial Bank USA with 4.00% APY and $1,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 9-month Account from Canadian Imperial Bank USA with 4.00% APY and $1,000 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $29,605. The interest earned would be $9,605 and the tax amount on the interest earned would be approximately $2,881.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Canadian Imperial Bank USA
Savings Boost of
$6,392 over 10 years
$6,392 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Canadian Imperial Bank USA Interest Earned
$6,723
See comparison detail table
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Comparison Detail Table Close X
Average Rate Scenario
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
Canadian Imperial Bank USA Scenario
| Rate: 4.00% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 800 | 560 |
| 2 | 20,800 | 832 | 582 |
| 3 | 21,632 | 865 | 606 |
| 4 | 22,497 | 900 | 630 |
| 5 | 23,397 | 936 | 655 |
| 6 | 24,333 | 973 | 681 |
| 7 | 25,306 | 1,012 | 709 |
| 8 | 26,319 | 1,053 | 737 |
| 9 | 27,371 | 1,095 | 766 |
| 10 | 28,466 | 1,139 | 797 |
| TOTAL: | $9,605 | $6,723 |
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Recent Rate Changes
| Date | APY |
|---|---|
| July 22, 2026 | 4.00% |
| May 4, 2026 | 3.90% |
| February 16, 2026 | 4.00% |
| December 22, 2025 | 3.86% |
| October 27, 2025 | 4.01% |
| September 3, 2025 | 4.11% |
| November 21, 2024 | 4.31% |
| November 18, 2024 | 4.51% |
| November 17, 2024 | 4.43% |
| November 4, 2024 | 4.63% |
| September 25, 2024 | 4.61% |
| September 25, 2024 | 4.86% |
| September 18, 2024 | 4.86% |
Featured CD Rates
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% |
$1,500 |
Learn More | |
|
Last change: ↑0.25% on August 10. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑0.65% on August 6. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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|
|
4.45% |
$500 |
Learn More | |
|
Last change: ↑0.40% on April 27. |
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Customer Reviews for Canadian Imperial Bank USA (23)
3.5 out of 5 based on 21 ratings
ytr0171
July 23, 2023
easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries.
Is this review helpful? Yes:1 / No: 0
Bob Woods
July 18, 2023 |
The 30-day early withdrawal penalty on a 1-yr cd is really tough to beat. I had been a big fan of these No Penalty CDs at Ally and CIT, but this is a far better rate and the risk-reward makes perfect sense. I've also opened an account with Forbright which has a 3 month Early Withdrawal Penalty. I think Ally is 2 months but they are not rate competitive. 2 or 3 months is very fair. These other players that charge six months are just hoping for you to have a misfortune or to get out quickly if rates go higher.
Is this review helpful? Yes:1 / No: 0
CD rate is tough to beat
May 30, 2023 |
One year at 5.28% with a 30 day Early Withdrawal Penalty is tough to beat, (except in the Treasury market where I can get the same terms and it is state tax free).
Is this review helpful? Yes:3 / No: 0
SheKnows
October 3, 2022 |
The rate is not always competitive (but I am checking now on October 3, 2022 and it is above Ally, Barclays, Marcus, Synchrony). I still give CIBC an A+. It is all about transfers. Theirs are easy, reliable.
Is this review helpful? Yes:0 / No: 0
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:3 / No: 0
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