Overview / Commentary
312-564-2000
120 South LaSalle Street
Chicago, IL 60603

CIBC USA is the 68th largest bank in the nation. It was established in 1991 and as of September of 2018, it had grown to 1,527 employees. CIBC USA's savings rates are 4X the national average, and it boasts an A+ health rating.

Related Posts

CIBC Bank Boosts Rate On Agility Savings Account - 9/7/2018

CIBC Bank USA (CIBC) has increased the rate of its Agility Savings account by 20 bps to 2.10% APY. This is the first rate increase since it was introduced in June.

CIBC Bank Introduces Agility Savings Account - 6/25/2018

CIBC Bank has added a nationally available online Agility Savings account, which earns 1.90% APY on balances up to $1 million. $1k min/$250k max opening deposit.

CIBC Savings Rate Increased To 1.9% APY - 6/24/2018

CIBC Agility Savings Account rate now 1.90% APY. -APY accurate as of June 18, 2018 -This is a variable rate account and the interest rate and APY can change at any time without notice. -The minimum opening deposit is $1,000 but cannot exceed $250,000. -The account balance cannot exceed $1,000,000. The minimum balance to obtain the APY is $0.01. -This account is available online only. https://us.cibc.com/en/personal/savings/agility-savings.html

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Excellent Promotional Deal

Posted by: rhj | Jul 10, 2016

They have been running a 1.31% APY first 6 month deal for a year or more now. If you call at the end of it, in one step they'll renew the deal if you close and reopen. I've had no problems wiring into the account and EFT'ing out of the account. I'm not sure what the negative reviews are about!

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.

Be Sure To Read All Of The Disclosures!

They currently have a very good promotional rate of 1.30% fixed for the first six months the savings account is open. HOWEVER, when I read the disclosure statement, three things kept me from opening the account:
1. No trusts, and no POD accounts--therefore, no beneficiaries!!!! A deal breaker for me, no matter how good the interest rate is.
2. There is a maximum initial deposit of $100,000.00.
3. You can ACH by "pulling" from another external account with no fees or maximums, but you have a 90 day waiting period after opening the account before you can do so. Not good if an emergency arises during that time and you would need the funds.

At least their disclosure statements are posted on their website. Many banks do not do this (but they all should).

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.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #33306
Year Established1991
Employees1527
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD4.98%
Annual Interest Income$794.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$27.09B$24.69B
LoansQ3 2018vs Q3 2017$18.34B$16.46B
DepositsQ3 2018vs Q3 2017$18.89B$18.74B
Equity CapitalQ3 2018vs Q3 2017$5.54B$5.29B
Loan Loss AllowanceQ3 2018vs Q3 2017$152.4MM$37.3MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$173.6MM$86.5MM
Real Estate OwnedQ3 2018vs Q3 2017$623.00K$1.7MM
Rates
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CIBC USA Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.16%-$1mCIBC Agility Savings - Online Only
Locations

CIBC USA is an Internet only bank and does not have branch locations. Its headquarters is located at 120 South LaSalle Street - Chicago, IL 60603

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