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.
Quickly Becoming One Of My Favorite Hub Banks
I opened my CIBC Agility savings in summer of 2020 at the height of the pandemic when they offered a $400 sign on bonus. I opened the account only for the bonus and did not have high expectations for the account. The rates throughout the pandemic were above average, but not top tier and I kept low amounts in the account throughout that time.
Since the rates have began to rise in 2022 I have been pleased with their willingness to frequently raise their rates and stay competitive. Further more, I am very pleased that they allow 20 linked accounts via ACH, which is almost unheard of these days. I have had no holds or transfer problems at all with this bank like I have constantly had with Ally, Macrus, Syncrony and others.
There are only a few minor things I am not a fan of, one being the $125K daily transfer limit and $250K Monthly limit. However it is 250K in/250K out, so the monthly movement limit is 500K. They also just implemented a total of 500K maximum balance on the Agility account, but if you have above that before Sept 28th, you are grandfathered in until your balance drops below $500K for the first time, then it applies to you also. These are minor inconveniences however, still pretty generous transfer limits compared to many others.
Although they do not pay the absolute highest rate out there, the combination of 20+ ACH links, acceptably high transfer limits and quick, no-nonsense transfers gives this bank an A+ in my book, and that is a rare occurrence with maybe only Citizens Access being tied for 1st place in my eyes (if they could keep their rates up with CIBC).
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 .....
Dont Use Them...Hard To Get Your Money Back
Was like pulling teeth to get my money back..havent gotten it yet.
Issue To Get Money Back
I can confirm that bank cannot use very same ACH and send money back to my linked account via that channel.
Looks like they want to use my money for few more days.
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 |
