Savings Account with 5.01% APY
from Canadian Imperial Bank Usa
Savings Account Features Guide
Interest Rate |
APY |
5.01% |
Minimum deposit amount |
$1,000.00 |
Maximum deposit amount |
$500,000.00 |
Balance Requirements |
Minimum Opening Deposit |
$1,000.00 |
Minimum Balance to Avoid Fees |
- |
Minimum Required Balance |
- |
Fees |
Monthly Maintenance Fee |
N/A |
Foreign ATM Fees |
N/A |
Insufficient Funds Fee |
N/A
|
Incoming Wires |
N/A
|
Account Opening |
Open Online |
Yes |
Insured by |
F.D.I.C.
|
Statements |
Paper Statements |
Yes |
Online Statements |
Yes |
Online and Telephone Banking |
Online Banking |
Yes |
Telephone Banking |
Yes |
Mobile Banking |
Yes |
Deposit Checks with Mobile Device |
Yes |
Free Bill Pay |
Yes |
Online Bill Payments Required |
Yes |
Account Description
• No maintenance fees,
• Minimum $1,000 deposit
• Interest is compounded and credited to your account on a monthly basis.
• Must maintain a daily balance of $.01 in order to earn the stated Annual Percentage Yield (APY).
• Fees or withdrawals will reduce earnings.
Rate History
Date
|
APY
|
October 13, 2023 |
5.01%
|
August 20, 2023 |
4.67%
|