Online Banks | Canadian Imperial Bank USA

Canadian Imperial Bank USA

For information concerning CIBC Bank USA parent bank, please click here.

Online Rates - May 28, 2023

Your current location is: Ashburn, VA

SAVINGS RATES APY MIN
Savings
4.52% $1,000 Compare
CD RATES APY MIN
12 Mo CD
5.27% $25,000 Compare
18 Mo CD
5.02% $25,000 Compare
24 Mo CD
4.80% $25,000 Compare

Money that you deposit is held by CIBC Bank USA. CIBC Bank USA is an FDIC insured institution founded in 0000. It has approximately $50.93 billion in assets.

Overview 2023

General Information of the Parent Bank

FDIC Insured Yes
Insured Parent Bank CIBC Bank USA
FDIC Certificate # 33306
Date Established 0000
Assets $50.93 billion
Loans $32.30 billion
Deposits $40.98 billion
Capital $8.23 billion


Customer Reviews for Canadian Imperial Bank USA (3)

Rated 4.00 stars out of 5 - based on 3 reviews

  • The best bank in Canada by far. But, not competitive in the US at all. The good news is that I could move everything out to buy treasuries in my brokerage account with two clicks (unlike Synchrony which was a disaster to get out of).

    Review on the Parent Bank

  • Lots of these big more recognized names have long wait times to be followed by people answering the phone needing to do research in order to provide unsatisfactory answers. I have only called CIBC once or twice in many years as a customer, but this has not been my experience there.

    Review on the Parent Bank

  • We've been customers for several years. Never a problem.

    Review on the Parent Bank
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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE CD
    Canadian Imperial Bank USA
    Online Bank
    -
    $50,000
    12 Month
    5.27%
    11.17x (National Avg. - 0.47%)
    $25,000
    -
    SCENARIO
    Year Rate
    5.27%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,635 1,845
    2 52,635 2,774 1,942
    3 55,409 2,920 2,044
    4 58,329 3,074 2,152
    5 61,403 3,236 2,265
    6 64,639 3,406 2,385
    7 68,045 3,586 2,510
    8 71,631 3,775 2,642
    9 75,406 3,974 2,782
    10 79,380 4,183 2,928
    11 83,563 4,404 3,083
    12 87,967 4,636 3,245
    13 92,603 4,880 3,416
    14 97,483 5,137 3,596
    15 102,621 5,408 3,786
    16 108,029 5,693 3,985
    17 113,722 5,993 4,195
    18 119,715 6,309 4,416
    19 126,024 6,641 4,649
    20 132,665 6,991 4,894
    TOTAL $89,657 $62,760
  • 2
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    60 Month
    4.00%
    4.67x (National Avg. - 0.86%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689
  • 3
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    24 Month
    4.30%
    7.26x (National Avg. - 0.59%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,150 1,505
    2 52,150 2,242 1,570
    3 54,392 2,339 1,637
    4 56,731 2,439 1,708
    5 59,171 2,544 1,781
    6 61,715 2,654 1,858
    7 64,369 2,768 1,938
    8 67,137 2,887 2,021
    9 70,024 3,011 2,108
    10 73,035 3,140 2,198
    11 76,175 3,276 2,293
    12 79,451 3,416 2,391
    13 82,867 3,563 2,494
    14 86,430 3,717 2,602
    15 90,147 3,876 2,713
    16 94,023 4,043 2,830
    17 98,066 4,217 2,952
    18 102,283 4,398 3,079
    19 106,681 4,587 3,211
    20 111,268 4,785 3,349
    TOTAL $66,053 $46,237
  • 4
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    4.75%
    10.06x (National Avg. - 0.47%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,375 1,663
    2 52,375 2,488 1,741
    3 54,863 2,606 1,824
    4 57,469 2,730 1,911
    5 60,199 2,859 2,002
    6 63,058 2,995 2,097
    7 66,053 3,138 2,196
    8 69,191 3,287 2,301
    9 72,477 3,443 2,410
    10 75,920 3,606 2,524
    11 79,526 3,777 2,644
    12 83,304 3,957 2,770
    13 87,261 4,145 2,901
    14 91,406 4,342 3,039
    15 95,747 4,548 3,184
    16 100,295 4,764 3,335
    17 105,059 4,990 3,493
    18 110,050 5,227 3,659
    19 115,277 5,476 3,833
    20 120,753 5,736 4,015
    TOTAL $76,488 $53,542
  • 5
    LOCAL CD
    Forbright Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    12 Month
    5.20%
    11.02x (National Avg. - 0.47%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,600 1,820
    2 52,600 2,735 1,915
    3 55,335 2,877 2,014
    4 58,213 3,027 2,119
    5 61,240 3,184 2,229
    6 64,424 3,350 2,345
    7 67,774 3,524 2,467
    8 71,298 3,708 2,595
    9 75,006 3,900 2,730
    10 78,906 4,103 2,872
    11 83,009 4,316 3,022
    12 87,326 4,541 3,179
    13 91,867 4,777 3,344
    14 96,644 5,025 3,518
    15 101,669 5,287 3,701
    16 106,956 5,562 3,893
    17 112,518 5,851 4,096
    18 118,369 6,155 4,309
    19 124,524 6,475 4,533
    20 130,999 6,812 4,768
    TOTAL $87,811 $61,468


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