CIBC Bank USA

Headquarters

120 S La Salle St
Chicago, IL 60603
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.59% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Bank Information

CIBC Bank USA is an FDIC insured institution located in Chicago, IL. It was founded in 1991 and has approximately $55.87 billion in assets. Customers can open an account at one of its 29 branches.


FDIC Insured	Yes
FDIC Certificate	# 33306
Date Established	1991
Assets	$ 55.87 billion
Loans	$ 34.59 billion
Deposits	$ 43.79 billion
Capital	$ 9.65 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 - December 30, 2024

Your Current Location: Ohio, OH 43085

Online Only Savings Rates of Canadian Imperial Bank USA

Online Savings Rates	APY	MIN	MAX
Agility Savings Account	4.38%	$1,000	$500,000	Learn More Reviews

Online Only CD Rates of Canadian Imperial Bank USA

Online CD Rates	APY	MIN	MAX
6 Month CD	4.51%	$1,000	-	Learn More Reviews
9 Month CD	4.31%	$1,000	-	Learn More Reviews
1-Year CD	4.31%	$1,000	-	Learn More Reviews
13 Month CD	4.11%	$1,000	-	Learn More Reviews
18 Month Online CD	3.76%	$1,000	-	Learn More Reviews
24 Month Online CD	3.70%	$1,000	-	Learn More Reviews
30 Month CD	3.50%	$1,000	-	Learn More Reviews

Bank Offers

CIBC Has 15-Month In-Branch CD Special

Jul 10, 2018

Canadian Imperial Bank of Commerce (CIBC) is offering a 15-month CD special at 2.68%. This rate is attractive compared to 18 month online CDs and depending on where you live you may not find a local 18-month CD rate this high. You'll need to get to a CIBC Bank branch to take advantage of this offer and unfortunately those are only in WI, IL and MI.

CIBC Bank USA Raises Online Savings Rate to 2.39% APY

Dec 21, 2018

CIBC Bank USA has raised its online savings rate to 2.39%. The account may be opened online with a $1,000 deposit and has a $0.01 minimum to maintain free of fees.

Learn More

Bank Online 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.

CIBC Agility Savings is Lowered from 0.70% to 0.62% APY

Nov 2, 2020

CIBC Agility Savings is Lowered from 0.62% to 0.52% APY

Dec 10, 2020

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%.

CIBC US Discontinues 1-Year CD Product

Feb 22, 2024

CIBC US has discontinued offering its one-year CD product. They offered 5.51% APY and the product only had a 1-month early withdrawal penalty. It has been replaced with other products that are not as compelling.

Loan Rates - December 30, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for CIBC Bank USA

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 2578474	6.620%	6.500% 0.88 points $4,010 fees	$2,023	Learn More
NMLS ID: 66247	6.715%	6.625% 0.88 points $2,989 fees	$2,049	Learn More
NMLS ID: 1025894	6.961%	6.875% 0.63 points $2,806 fees	$2,103	Learn More
NMLS ID: 2592312 License#: RM.805266.000	6.977%	6.875% 0.63 points $3,497 fees	$2,103	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.
Achieve Loans See Table	Intro APR 10.625 % After Intro: 10.625 %	$0	Learn More More Info
Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501), Equal Housing Lender. All loan requests are subject to eligibility requirements, application review, loan amount, loan term, and lender approval. Product terms are subject to change at any time. Offers are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts are between $15,000 and $300,000 and are assigned based on product type, debt-to-income ratio, and combined loan-to-value ratio. Minimum 640 credit score applies for debt consolidation requests, minimum 700 applies for cash out requests. Other terms, conditions and restrictions apply. Fixed rate APRs range from 8.75% - 15.00% and are assigned based on underwriting requirements; offer APRs include a .50% discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). Example: average HELOC is $57,150 with an APR of 12.75% and estimated monthly payment of $951 for a 15-year loan. 10, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (3.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan-to-value ratio may not exceed 80%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Contact Achieve Loans for further details. Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 640

See More Home Equity Rates →

Note to CIBC Bank USA
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Branches

CIBC Bank USA branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio

CIBC Bank USA Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
The Bank Of Grosse Pointe Branch	168.24	A	View Lobby Hours
Mount Greenwood Branch	276.26	B	View Lobby Hours
Tinley Park Branch	278.18	C	View Lobby Hours
Oak Lawn Facility	278.57	D	View Lobby Hours
Cibc Bank Usa	279.09	E	View Lobby Hours
Gold Coast Branch	279.31	F	View Lobby Hours
Palos Heights Facility	280.57	G	View Lobby Hours
Founders Bank Branch	280.61	H	View Lobby Hours
Orland Park Branch	281.10	I	View Lobby Hours
Peace Memorial Facility	283.44	J	View Lobby Hours
Homer Glen Branch	285.79	K	View Lobby Hours
Lincolnwood Branch	287.96	L	View Lobby Hours
Skokie	291.09	M	View Lobby Hours
Winnetka Branch	292.34	N	View Lobby Hours
Oak Brook Branch	292.78	O	View Lobby Hours
Joliet Branch	294.81	P	View Lobby Hours
Channahon Branch	295.37	Q	View Lobby Hours
Minooka Branch	300.81	R	View Lobby Hours
Lake Forest Branch	301.96	S	View Lobby Hours
Geneva Branch	311.46	T	View Lobby Hours
Saint Charles Branch	312.40	U	View Lobby Hours
743 North Water Street Branch	336.13	V	View Lobby Hours
The Privatebank St. Louis Branch	400.16	W	View Lobby Hours
Chesterfield Branch	410.97	X	View Lobby Hours
North Fulton Branch	411.20	Y	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

CIBC is a lender to carbon intensive industries but has implemented and continues to follow a plan to reduce the carbon intensity of its loan book. The bank has also launched a renewables and energy transition lending group.

Updated April 3, 2024

Climate Score: C

CIBC is aggressively reducing its oil and gas lending, but has further to go and should be disclosing more about its plans to lend to major renewable energy projects in Canada and the US.

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Financial Details

CIBC Bank USA Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of CIBC Bank USA. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

CIBC Bank USA	U.S. Bank Average
4.77%	4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, CIBC Bank USA had $481,461,000 in non-current loans and $3,331,000 in owned real estate. To cover these potential losses it had $9,645,486,000 in equity and $512,505,000 in loans loss reserves. That gives it a Texas Ratio of 4.77%.

Return on Equity

CIBC Bank USA	U.S. Bank Average
9.73%	10.46%

CIBC Bank USA has a Return on Equity of 9.73% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

CIBC Bank USA	U.S. Bank Average
17.26%	10.84%

CIBC Bank USA has a Capitalization of 17.26% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

CIBC Bank USA Balance Sheet Analysis

As of June 30, 2024, CIBC Bank USA had assets of $55,873,969,000, loans of $34,585,018,000, and deposits of $43,791,815,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 8.77 billion
Interest-bearing balances	$ 8.44 billion
Total securities	$ 8.28 billion
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 34.59 billion
Loan loss allowance	$ 512.51 million
Trading account assets	$ 3.08 million
Bank premises and fixed assets	N.A.
Other real estate owned	$ 3.33 million
Goodwill and other intangibles	$ 2.83 billion
All other assets	$ 740.15 million
Total Assets	$ 46.23 billion

LIABILITIES
Total deposits	$ 43.79 billion
Interest-bearing deposits	$ 34.21 billion
Deposits held in domestic offices	$ 43.79 billion
% insured (estimated)	36.25%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	$ 17.30 million
Other borrowed funds	$ 1,140.91 million
Subordinated debt	N.A.
All other liabilities	$ 445.45 million
Total Liabilities	$ 46.23 billion
Shareholders’ Equity	$ 9.65 billion

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 1,690.09 million
Total Interest Expense	$ 843.29 million
Net interest income	$ 846.80 million
Provision for loan and lease losses	$ 66.80 million
Total non interest income	$ 139.97 million
Total non interest expense	$ 316.49 million
Pre-tax Net Operating Income	$ 325.67 million

Bank Loan Profile^?

The top three loan types in CIBC Bank USA’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, CIBC Bank USA has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

	% Loans	% Comparison to Other Banks
		Low	Med	High
1-4 Family Residential Loans	5.71		✓
Multifamily Mortgages	5.28		✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	0.00		✓
Small Business Loans	0.22	✓
Construction and Development Loans	4.55		✓
Commercial Real Estate	22.86		✓
Commercial and Industrial Loans	31.87			✓
Farm Loans	0.04		✓

Customer Reviews for CIBC Bank USA

me

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.

Is this review helpful? Yes:0 / No: 0
krfjtk

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.

Is this review helpful? Yes:0 / No: 0
Ari S

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.

Is this review helpful? Yes:0 / No: 0
Michael Guttman

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.

Is this review helpful? Yes:1 / No: 0
Nothing but Frustration

July 13, 2018 |

Online Savings Rates

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

Is this review helpful? Yes:1 / No: 0

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