Canadian Imperial Bank USA

Deposit Rates APY Vs.Others
Savings 4.61% 5.50% →
1-Year CD 4.56% 4.80% →
2-Year CD 3.70% 4.25% →
3-Year CD N.A. 4.05% →
4-Year CD N.A. 3.90% →
5-Year CD N.A. 4.00% →

Reviewed by ytr0171 | July 23, 2023

Online Savings Rates

easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries.



Deposit Rates - November 4, 2024

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Agility Savings Account
4.61% $1,000 500,000 Learn More
Online CD Rates
Online CD Rates APY MIN MAX
9 Month CD
4.63% $25,000 - Learn More
1-Year CD
4.56% $25,000 - Learn More
13 Month CD
4.43% $25,000 - Learn More
18 Month Online CD
3.76% $25,000 - Learn More
24 Month Online CD
3.70% $25,000 - Learn More
30 Month CD
3.70% $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.


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.




Climate Policy and Initiatives

Parent Bank 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

Canadian Imperial Bank USA Climate Score: C

Canadian Imperial Bank USA Climate Score Info: 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.



Customer Reviews for Canadian Imperial Bank USA (23)


  • July 23, 2023

    Online Savings Rates

    easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries.

  • July 18, 2023 |

    Online Savings Rates

    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.

  • May 30, 2023 |

    Online Savings Rates

    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).

  • October 3, 2022 |

    Online Savings Rates

    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.

  • May 19, 2022 |

    Online Savings Rates

    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.


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