CIBC Bank USA is headquartered in Chicago and is the 3rd largest bank in the state of Illinois. It is also the 57th largest bank in the nation. It was established in 1991 and as of June of 2020, it had grown to 1,638 employees at 26 locations. CIBC Bank USA's savings rates are 54% higher than the national average, and it boasts an A+ health rating.
Related Posts
7/20 - Agility Savings Rate Drops To 1.05% APY
6/26 - Review of CIBC's Savings Accounts and CD Rates
6/19 - CIBC Drops Agility Savings Rates To 1.15% APY
3/9 - CIBC Drops Savings Rates To 1.45% APY
3/6 - CIBC Offers Bonus of Up to $400 on Its Agility Savings Account
2/25 - $400 Bonus On 50K Deposit
12/21 - Saving Account Increased To 2.39%
12/20 - Less Waiting And Higher Limits For CIBC Agility Savings Account
9/7 - CIBC Bank Boosts Rate On Agility Savings Account
6/25 - CIBC Bank Introduces Agility Savings Account
6/24 - CIBC Savings Rate Increased To 1.9% APY
5/22 - Savings Rate Raised To 1.65% APY
3/6 - CIBC Has A 2.30% APY Until 3/31/2018. Then .9%.
9/20/14 - Palladian Privatebank No Longer Opening New Savings Accounts
8/7/14 - Savings Account Promo Rate at Palladian PrivateBank Ends January 31, 2015
7/22/13 - Top Savings Account Rate at The Palladian PrivateBank
11/23/10 - The Palladian Privatebank's 1.50% Savings Account Is No Longer Available
4/12/10 - Beware This Is Not An FDIC Insured Institution
2/17/10 - Competitive 12-Month CD and Savings Account Rates at Palladian Private Bank - Available Nationwide
Been Fine So Far.
I got this account early this year for a bonus on their Agility Savings account. They paid it right on time and I've kept the account because they've done a good job of keeping a top/competitive rate so far.
It was easy to set up. They've been helpful whenever I've had to call.
I think the daily limits I see online in comment sections are wrong.
Their app is severely limited. You can't do external transfers, no fingerprint sensor login, it doesn't even show the current savings rate. So for transfers, you have to use their website (it's OK, like something you may have used 5-10 years ago), and it always takes me 10 minutes to figure out how to login even from their site.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33306 |
| Year Established | 1991 |
| Employees | 1638 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.18% |
| Return on Equity - YTD | 1.03% |
| Annual Interest Income | $579.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $38.78B$30.86B |
| Loans | Q2 2020vs Q2 2019 | $25.50B$21.19B |
| Deposits | Q2 2020vs Q2 2019 | $30.00B$22.40B |
| Equity Capital | Q2 2020vs Q2 2019 | $6.70B$6.04B |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $483.2MM$249.9MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $197.3MM$223.9MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $267.00K$657.00K |
