Compound Interest Calculator
Savings Account from CIBC Bank USA with 0.03% APY and $2,500 minimum deposit

Use or Change These Amounts and Rates

The product Savings Account from CIBC Bank USA with 0.03% APY and $2,500 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 $20,060. The interest earned would be $60 and the tax amount on the interest earned would be approximately $18.

Please note that this product is available in Georgia and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for CIBC Bank USA

Savings Boost of
$-270 over 10 years
Cash Savings $20,000
Average Interest Earned $312

CIBC Bank USA Interest Earned $42



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

Annual Interest
(After Tax)
1 20,000 44 31
2 20,044 44 31
3 20,088 44 31
4 20,133 44 31
5 20,177 45 31
6 20,222 45 31
7 20,267 45 31
8 20,311 45 31
9 20,356 45 31
10 20,401 45 32
TOTAL: $446 $312

CIBC Bank USA Scenario

Annual Interest
(After Tax)
1 20,000 6 4
2 20,006 6 4
3 20,012 6 4
4 20,018 6 4
5 20,024 6 4
6 20,030 6 4
7 20,036 6 4
8 20,042 6 4
9 20,048 6 4
10 20,054 6 4
TOTAL: $60 $42

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The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.

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Advertiser Disclosure

13-Month Online CD - Save for the things you want later. Easy online application.


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5 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Customer Reviews for CIBC Bank USA

  • October 13, 2021

    Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparently does not make hard pulls against depositors. I am referring to many credit unions in that last sentence who make it so hard for anyone except the favored few near branches to get their advertised special offers.

  • July 9, 2021 |

    Improved greatly over the experiences of earlier reviewers. Smooth approval. Everything is fine, helped in recovering sign-in protocols and in deposits/withdrawals. Not some hinky fintech that has to be worked only out of a buggy app, assuming approval which is often denied for unclear reasons.

  • February 6, 2019 |

    Online Savings Rates

    I opened an account in January. I found the opening process easy and am enjoying earning a savings rates for a $1 minimum that is higher than that offered by the other well-recognized online banks.

  • December 23, 2018 |

    Online Savings Rates

    The 2.39% rate was nice enough to get be to just open a CIBC account, but I closed it 5 minutes later. I was not able to bring money in from an external bank account (in my case, Chase). You have to wire it over or send them a check. I also learned you absolutely cannot withdraw anything for 90 days. There are better options out there.

  • July 13, 2018 |

    Online Savings Rates

    nothing works. trying to call the number and get someone is futile.

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