CIBC USA


Reviews (5)

Opened An Account

I had absolutely no problem opening an account. The only slight issue was that the application asks for an issue date for the driver's license which is not on the Michigan driver's license. But this was figured out.

Too Many Restrictions

Posted by: RZ | Jan 12, 2018

I have been with this bank for a couple of years as their rates for savings accounts have been competitive up until recently. What is annoying however is that the promo rates are guaranteed for only 6 months and then revert to a much lower one. In order to maintain the better rate a new account must be opened which is an unnecessary hassle requiring that new external linkages must then be established. Out going ACH transfers are also limited adding further hoops for gaining access to your funds. Now that even the promo rate is not near the leaders I am done with dealing with this banks idiosyncrasies and plan to move on.

This Bank Is Missing Out On Clients.

Posted by: JMW | Oct 31, 2019

I have a Canadian account with CIBC and was always very satisfied with their service. So it was exciting to open up a CD in the US with them. We literally tried 6 times to open a joint account and were denied every time. They cannot divulge the reasons but state it is third party identification. What.....! We have many other options without a problem. In the end it turned out a blessing as we found a Bank Live Oak in North Carolina with fantastic service and better interest. Do not waste your time here.

Not Customer Service Driven

Posted by: AvoidCIBC | Oct 30, 2018

I bank all over the USA for the best rates and yields. However, CIBC is my worst experience. Let me tell you why.

1. Trying to establish an external account for payments and transfers has severe limitations. They would not allow me to transfer to another account through the online option, and requested I call customer service. This is one instance they control your money, despite being a liquid SAVINGS ACCOUNT.

2. Closed my account within a month. They dragged their feet for 10 days from initial request to actual close. They would only close my account to the original funding account (which obviously had been closed), and would not transfer to my new account because of (1).

Stay Away Until They Get Their Act Together

Posted by: Jarlath | Sep 14, 2018

I just opened, and closed, a CIBC agility account. I didn't know that they do not allow you to pull money in from an external bank account. You have to wire it over or send them a check. I called customer service question this and they said as they are new to the online banking business, they still are working out the kinks. So, until they do, do not open an online account with them.



Health
A+

Health Grade Components

Overall
FDIC Certificate #33306
Year Established1991
Employees1678
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD5.42%
Annual Interest Income$979.6MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$31.74B$27.09B
LoansQ3 2019vs Q3 2018$22.26B$18.34B
DepositsQ3 2019vs Q3 2018$23.17B$18.89B
Equity CapitalQ3 2019vs Q3 2018$6.14B$5.54B
Loan Loss AllowanceQ3 2019vs Q3 2018$262.4MM$152.4MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$197.6MM$173.6MM
Real Estate OwnedQ3 2019vs Q3 2018$482.00K$623.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not CIBC USA; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

CIBC USA Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%-$1mCIBC Agility Savings - Online Only

CIBC USA CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%*$25k*$5m12 Month Agility CD - Online Only
OTHER TIERS: 1.85% $1k - $25k
1.85%*$25k*$5m9 Month Agility CD - Online Only
OTHER TIERS: 1.80% $1k - $25k
Locations

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