CIBC Bank USA


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

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

Posted by: |

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

Posted by: |

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

Posted by: |

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.

Issue To Get Money Back

Posted by: |

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.

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Health

Health Grade Components

Overall
FDIC Certificate #33306
Year Established1991
Employees2450
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD7.59%
Annual Interest Income$814.4MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$61.3B$55.05B
LoansQ1 2025vs Q1 2024$36.47B$33.68B
DepositsQ1 2025vs Q1 2024$48.86B$43.63B
Equity CapitalQ1 2025vs Q1 2024$10.38B$9.4B
Loan Loss AllowanceQ1 2025vs Q1 2024$539.5MM$485.7MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$752.4MM$436.5MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates
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CIBC Bank USA Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.11%$0$500kCIBC Agility High-Interest Savings - Online Only

CIBC Bank USA Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$10k-myChoice Prestige Checking
0.05%$0-myChoice Plus Checking

CIBC Bank USA CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.26%$1k$5m9 Month Agility CD - Online Only
4.26%$1k$5m6 Month Agility CD - Online Only
4.06%$1k$5m13 Month Agility CD - Online Only
4.01%$1k$5m12 Month Agility CD - Online Only
4.01%$1k$5m24 Month Agility CD - Online Only
3.90%$1k$1m13 Month CD Special - In-branch
3.90%$100k$1m13 Month Jumbo CD Special - In-branch
3.76%$1k$5m18 Month Agility CD - Online Only
3.01%$1k$5m30 Month Agility CD - Online Only

CIBC Bank USA IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.90%$1k$1m13 Month IRA Special - In-branch
3.90%$100k$1m13 Month Jumbo IRA Special - In-branch
Locations

Availability



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