CIBC Bank USA is headquartered in CHICAGO and is the 3rd largest bank in the state of Illinois. It is also the 43rd largest bank in the nation. It was established in 1991 and as of March of 2025, it had grown to 2,450 employees at 24 locations. CIBC Bank USA's savings rates are 8X the national average, and it has an A health rating.
30 Days EWP
I picked up the 9 month Agility CD last February when rates started tumbling down the rabbit hole. It’s easy enough to take out a CD and the ACH process was smooth. I will be in sort of a tight spot next month because of miscalculations on my part. I researched early withdrawal penalties on my CDs and discovered they only charge 30 days simple interest for the early withdrawal penalty (EWP).
Opening Account
Today opened an account in branch this morning ,a 13 month 5.52 % APY , things went like most other banks nothing special you only need a ss card and a state id card to open an account..
The only thing I didn't care for was they did a hard pull on your credit and this is the most imporant part if your credit is frozen they will not allow you to open an account with them so be aware of this if you decide to open an account there that your credit must not be frozen .....
Need More Reviews
While shopping for a bank I came across this one recommended in some comment sections for savings, hub etc.
Not alot of reviews here so I went to trust pilot dot com for cibc and saw over 864 Check out those comments and the agility requirements which are not federal requirements but made up bank policies such as tapping into your credit report, specific ids and other info etc.
This is in regard to savings and cd only not lines of credit credit cards checking or any such items you are giving them money not the reverse.
Research first and carefully check their website you'll be glad you did.
No ACH To External Account On Withdrawal
This bank does not provide ACH withdrawal to external account. You have to get a stupid check in the mail using high risk US Mail. If I knew this, I would never have opened an account with them.
I did see a review stating ACH, but that is probably for an internal ACH transfer to another existing CIBC account.
Bummer! Now I have to stress about get check lost in the mail and wait while my money is not collecting interest during delivery.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33306 |
| Year Established | 1991 |
| Employees | 2450 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.27% |
| Return on Equity - YTD | 7.59% |
| Annual Interest Income | $814.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $61.3B$55.05B |
| Loans | Q1 2025vs Q1 2024 | $36.47B$33.68B |
| Deposits | Q1 2025vs Q1 2024 | $48.86B$43.63B |
| Equity Capital | Q1 2025vs Q1 2024 | $10.38B$9.4B |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $539.5MM$485.7MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $752.4MM$436.5MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
