CIBC Bank USA Review 2025
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At a glance
Overview
CIBC Bank USA offers competitive certificates of deposit (CDs) and a high-yield savings account, and is largely best for those who are comfortable with online banking. The bank doesn’t have many ATMs in the U.S., although it offers rebates for surcharges from ATM owners. If you’re looking to open a personal checking account, you can only open one at a branch, not online.
Highlights:
Top CD Rates ATM Fee RefundsHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
CIBC Bank USA offers a range of personal banking products, including a high-yield savings account and competitive CDs. With only 24 branch locations, it’s mainly known for online banking, although its checking accounts have to be opened in a branch. The checking accounts and Agility High-Interest Savings Account don’t charge maintenance fees, although you’ll need a $2,500 minimum balance to avoid the monthly fee for the money market account.
Pros
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The bank offers a wide range of personal banking products.
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The Agility Online Savings Account offers a competitive yield with no monthly maintenance fee.
Cons
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Some accounts can only be opened at branches.
We want to know what you think about CIBC Bank USA
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CIBC Bank USA banking products
CIBC Bank USA Agility Online Savings account overview
Pros
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CIBC Agility Online Savings earns a top-tier yield.
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Any balance above $0.01 earns the APY.
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There is no monthly maintenance fee.
Cons
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There is a steep minimum opening deposit requirement of $1,000.
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No ATM access with this account.
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Extremely long 30-day wait time to transfer funds externally after opening and funding the account.
Rate history for CIBC Bank USA's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
CIBC Bank USA Agility CDs overview
Pros
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Overall, CIBC’s CDs earn rates that are highly competitive.
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The $1,000 minimum deposit to open a CD is lower than some other banks.
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The early withdrawal penalty is 30 days, which is lower than what many other banks charge.
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CIBC offers an IRA CD, which is an option for those saving for retirement.
Cons
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CIBC has a limited selection of CD terms.
Rate history for CIBC Bank USA's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
CIBC Bank USA Personal money market account overview
Pros
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Relatively low minimum open requirement of $50.
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The account offers check-writing privileges.
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An ATM card comes with the account.
Cons
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Low APY for all terms.
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Most people can’t open this account online; only residents of select counties in six states are eligible to open online.
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Steep $15 monthly fee if your account dips below $2,500.
CIBC Bank USA iCan checking account overview
Pros
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Relatively low minimum opening requirement of $50
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The account doesn’t charge monthly fees.
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Up to $50 a month in ATM refunds.
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1 percent cash back on debit-card purchases, up to $20 a month.
Cons
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CIBC has very few ATMs and isn’t a member of an ATM network.
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The account must be opened in person at a branch.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $0 |
| Non-sufficient funds fee | $0 |
| Monthly maintenance fee | $0 - $15 |
| Out-of-network ATM fee | $0 |
| Excessive transaction fee | $0 |
Customer experience
Customer support
24/7 support. Customers can get help with their accounts by phone 24 hours a day. They can also reach out through email.
Digital experience
Mixed mobile app reviews. CIBC’s mobile app is well-rated on the Apple App Store, with more than 20,000 user ratings. The app receives just OK reviews on the Google Play Store, where more than 43,000 users have reviewed it — and some report trouble logging on or accessing their account information. The app allows users to accomplish basic tasks, including viewing account balances, making peer-to-peer payments with Zelle and depositing checks. The CIBC app also allows users to apply for bank accounts and to make purchases with Apple Pay.
Lack of budgeting features. The CIBC app doesn’t offer budgeting tools, and there aren’t charts or graphs that show a snapshot of your saving and spending over time. (Many other banks offer these tools.)
Bankrate staff insights
“The Agility Savings annual percentage yield is top notch,” said a Bankrate staff member who uses the account personally. “The app and website are very simple, but in this day and age, I’m expecting an app that provides more features that are helpful in managing my money.”
Disclosure: To enhance our product reviews, Bankrate employees often open accounts and provide feedback. They may have been compensated for their time and account maintenance, but this does not affect the integrity of their review.
The above images were last updated on July 12, 2024.
How does CIBC Bank compare to other banks?
Compare different account types offered by CIBC Bank USA. Annual percentage yields (APYs) shown were updated between May 3, 2025 and May 9, 2025.
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Selected bank
CIBC Bank USA savings account
Bankrate score
4.9
Bankrate Savings rating = 4.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
CIT Bank savings account
Bankrate score
4.6
Bankrate Savings rating = 4.6/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bread Savings savings account
Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 3, 2025 and May 9, 2025.
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| 4.21% | 4.10% | 4.35% |
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Minimum balance for APY
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| $1.00 | $5,000.00 | $0.00 |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $2,105 | $2,050 | $2,175 |
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
CIBC Bank USA customer reviews
CIBC Bank USA has 47 reviews
Dive into community reviews below and see what others think about CIBC Bank USA.
In July 2024, Bankrate collaborated with a third-party vendor to survey 1,200 bank account holders nationwide. Bankrate and our vendor collected and summarized account holder responses to five rating questions on a 5-point scale as well as open-ended reviews of the banking experience. Responses are based on individual account holder product details, and therefore cannot be verified for accuracy. Reviewers received an incentive for their feedback. Their ratings are unedited and have not been reviewed or approved by the associated bank or credit union, nor do these responses reflect Bankrate's own expert review of these banking products.
Community Reviews
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