CIBC Bank USA offers a range of short- and long-term CDs in locations where the bank has a presence in the Midwest. Customers who visit a CIBC brick-and-mortar location can open CDs with terms ranging from 30 days to five years.
A $1,000 minimum deposit is required to open a CD, but interest isn't compounded frequently — according to the bank's website, interest is "compounded and credited according to the terms of the CD."
Agility CDs come in terms of nine months and 12 months. The nine-month CD offers a 2.2 percent APY, while the 12-month CD offers a 2.25 percent APY. Both CDs require a $25,000 balance to earn the top yield. Balances under that amount still earn competitive yields: 2.1 percent on the nine-month CD and 2.15 percent on the 12-month CD.
All CDs opened in a branch have a penalty of six months of interest if you make an early withdrawal.
The Agility CDs both pay top-tier APYs.
The minimum deposit to open a CD is low.
The bank offers a range of CD terms at its brick-and-mortar locations.