Available nationwide, CIBC Bank Savings is offering an amazing 2.20% APY Rate. Continue reading below to learn everything you need to know about CIBC Bank.
Table of Contents
About CIBC Bank Savings
CIBC Bank a financial institution that provides cross-border services to clients in North America. They are originally backed by a Toronto-based financial institution that is now located in Chicago.
I’ll review CIBC Bank Savings below.
CIBC Bank Savings Rate
To earn CIBC Bank’s competitive rate, simply have an opening deposit of $1,000. That’s all it takes and you’ll get to enjoy earning the high rate on all balances.
- Account Type: Agility™ Savings account
- Interest Rate: 2.20%
- Minimum Balance: $1,000
- Maximum Balance: $1,000,000
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $1,000
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: There are no monthly fees.
- Early Termination Fee: None
American Express Personal Savings Account - You earn 1.90% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Discover Online Savings and Chase SavingsSM account have nice sign-up bonuses.
|Discover Bank Online Savings||1.90% APY + $200 Cash||Review|
|Simple||2.02% APY + $300 Cash||Review|
|Betterment Everyday Savings||2.38% APY||Review|
|CIT Bank Savings Builder||2.20% APY||Review|
|UFB Direct High Yield Savings||2.25% APY||Review|
|American Express High Yield Savings||1.90% APY||Review|
CIBC Bank ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with CIBC Bank’s ACH capabilities.
How to Earn CIBC Bank Rate
- Open a Savings account from CIBC Bank with an opening deposit of $1,000.
- Maintain any balance amount and earn the 2.20% APY rate.
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- Easy online access
- High Interest
- No monthly service fees
Check out CIBC Bank and open a Savings account this amazing rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on CIBC Bank Savings Account.
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