Your current location is: New York City, NY
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
3.77% | $1,000 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
3.71% | $1,000 | Compare |
|
9 Mo CD
|
4.01% | $1,000 | Compare |
|
12 Mo CD
|
3.76% | $1,000 | Compare |
|
13 Mo CD
|
3.81% | $1,000 | Compare |
|
18 Mo CD
|
3.61% | $1,000 | Compare |
|
24 Mo CD
|
3.51% | $1,000 | Compare |
|
30 Mo CD
|
3.01% | $1,000 | Compare |
Money that you deposit is held by CIBC Bank USA. CIBC Bank USA is an FDIC insured institution founded in 1991. It has approximately $60.36 billion in assets.
| FDIC Insured | Yes |
| Insured Parent Bank | CIBC Bank USA |
| FDIC Certificate | # 33306 |
| Date Established | 1991 |
| Assets | $60.36 billion |
| Loans | $37.30 billion |
| Deposits | $47.59 billion |
| Capital | $10.69 billion |
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."
Tax Rate: 30%
All calculations are for demonstration purposes only."
| Year | Rate 3.77% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,885 | 1,320 |
| 2 | 51,885 | 1,956 | 1,369 |
| 3 | 53,841 | 2,030 | 1,421 |
| 4 | 55,871 | 2,106 | 1,474 |
| 5 | 57,977 | 2,186 | 1,530 |
| 6 | 60,163 | 2,268 | 1,588 |
| 7 | 62,431 | 2,354 | 1,648 |
| 8 | 64,785 | 2,442 | 1,710 |
| 9 | 67,227 | 2,534 | 1,774 |
| 10 | 69,762 | 2,630 | 1,841 |
| 11 | 72,392 | 2,729 | 1,910 |
| 12 | 75,121 | 2,832 | 1,982 |
| 13 | 77,953 | 2,939 | 2,057 |
| 14 | 80,892 | 3,050 | 2,135 |
| 15 | 83,941 | 3,165 | 2,215 |
| 16 | 87,106 | 3,284 | 2,299 |
| 17 | 90,390 | 3,408 | 2,385 |
| 18 | 93,797 | 3,536 | 2,475 |
| 19 | 97,334 | 3,669 | 2,569 |
| 20 | 101,003 | 3,808 | 2,665 |
| TOTAL | $54,811 | $38,368 |
| 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 |
Wesley
May 30, 2023 |
Thank you to this site for showing this CD rate. I could not find it on the three leading sites (Bankrate, BestCashCow or Nerdwallet). Heck, I couldn't even find it easily on CIBC's own website, but that is another story. The thing that is great here is that there is only a 30 day EWP on 1-year CDs which is a nice feature as we learned during the pandemic that you really never can see what your cash needs are too far out.
Review on the Parent BankCanadienne1
October 26, 2022 |
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 BankYippy1
June 14, 2022 |
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 BankBecky
July 28, 2021 |
We've been customers for several years. Never a problem.
Review on the Parent Bank