CIBC Bank USA Review 2023
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At a glance

CDs
Checking
Savings
MMA
About Bankrate Score
Overview
CIBC Bank USA may be ideal for consumers interested in a high-yield savings account and comfortable with online banking.
Highlights
- ATM Fee Refunds
- No Monthly Fees

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
CIBC Bank USA offers a range of personal banking products and a high-yield savings account. While it does have a few branch locations in the Midwestern U.S., it is mainly known for online banking.
Pros
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The bank offers a 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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CIBC USA’s free ATM access is limited to three states.
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Some accounts are available only in certain counties in four states.
CIBC Bank USA bank products
CIBC Bank USA savings overview
The account can only be accessed online and doesn’t permit deposits or withdrawals to be made using an ATM.
Pros
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CIBC Agility Online Savings Account earns a top-tier yield.
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You don’t need to maintain the minimum opening deposit to earn the APY.
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The account doesn’t charge a maintenance fee.
Cons
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ATM access isn’t available for the CIBC Agility account.
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Withdrawals using an external transfer aren’t permitted during the first 30 days after opening an account.
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There is a minimum $1,000 opening deposit requirement.

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
CIBC's mobile banking app allows users to accomplish basic tasks, including viewing account balances, making peer-to-peer payments with People Pay and depositing checks. The app received a 4.1 from the the Google Play store and a 3.8 on iOS.
The CIBC app also allows users to add a card to their mobile wallets to make purchases with Apple Pay.
The bank offers over-the-phone banking 24 hours a day, according to the CIBC website.
About CIBC Bank USA
CIBC Bank USA was formed by Toronto-based CIBC’s acquisition of Chicago-based PrivateBancorp in 2017.
CIBC Bank USA offers checking accounts, savings accounts, mortgages and personal loans. The bulk of its bank branches are in northeastern Illinois, but CIBC Bank USA also has one branch each in St. Louis, Milwaukee and suburban Detroit. All locations except Michigan feature ATMs.
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.