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 = 4.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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 = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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 high-yield savings accounts and competitive CDs. With only 23 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.
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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 annual percentage yield (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.
The CIBC Agility Online Savings Account earns an annual percentage yield that’s well above the national average. The account requires a minimum of $1,000 to open, but there’s no requirement to maintain that balance to earn the APY. The account is also free from monthly maintenance fees, regardless of balance.
One big drawback, however, is that funds can only be accessed online — ATM withdrawals aren't available.
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 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.
CIBC Bank USA offers seven online-only CDs called Agility CDs with terms ranging from six months to 30 months that require a $1,000 minimum deposit. Some Agility CDs require a $25,000 minimum balance to earn the top yield. Balances under that amount earn slightly less.
In addition to Agility CDs, the bank has jumbo CDs — which require a $100,000 minimum deposit — and an IRA CD. CIBC currently also offers in-branch, special-rate CDs with terms of 13 months.
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.
The online application for the Money Market Savings Account is available only to residents of select counties in California, Florida, Illinois, Michigan, Missouri and Wisconsin. If you're located anywhere else, you'll have to open at one of the handful of branches.
There is a low $50 minimum opening deposit requirement, but the account charges a monthly maintenance fee of $15 each statement cycle. The fee is only waived for accounts with balances of at least $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.
CIBC’s iCan Checking account, the account scored for this review, requires at least $50 to open and charges no monthly fees. The account earns no interest, but it does come with a 1 percent cash back feature on debit-card purchases — up to $20 a month. CIBC also refunds up to $50 a month in ATM fees.
The checking accounts must be opened at a branch, opened at a branch, so location may be a barrier to opening an account for consumers who don’t live near a CIBC branch.
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 Nov. 6, 2025 and Nov. 12, 2025.
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Selected bank
CIBC Bank USA savings account
Bankrate score
4.4
Bankrate Savings rating = 4.4/5 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
4.1
Bankrate Savings rating = 4.1/5 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 Nov. 6, 2025 and Nov. 12, 2025.
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| 3.92% | 3.85% | 4.20% |
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Minimum balance for APY
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| $0.00 | $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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| $1,960 | $1,925 | $2,100 |
Bank fees
| Fee | Amount |
|---|---|
| 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 25,000 user ratings. The app receives just decent reviews on the Google Play Store, where more than 52,000 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.
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 savings and spending over time. Many other banks offer these tools. You can, however, set savings goals and track them.
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.
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.
