1 The annual percentage yield (APY) is accurate as of August 4, 2023. This is a variable rate account and the interest rate and APY can change at any time without notice. The minimum opening deposit is $1,000 but cannot exceed $250,000. For accounts opened on or after September 28, 2022, deposits that would bring the total balance in your Account to more than $500,000 are not permitted. We reserve the right to refuse or return additional deposits that would cause your balance to exceed this $500,000 limit. For accounts opened before September 28, 2022, balances up to $1,000,000 are permitted, provided your balance does not fall below $500,000 at any time. If your account balance drops below $500,000 at any time, we reserve the right to refuse or return additional deposits that would cause your balance to exceed $500,000. Business days and effective dates of deposit are defined in the Consumer Deposit Account Agreement.
The minimum balance to obtain the APY is $0.01. Fees or withdrawals will reduce earnings. Offer is subject to change, and may be withdrawn, at any time without notice.
This account is available online only.
Withdrawals can be made by:
- External transfer to an account owned by you at another U.S. financial institution. External transfers using CIBC NetBanking will not be available for the first 30 days from the date an Account is opened. If you would like to transfer funds out of your account during that time, contact us Monday to Friday from 8:00 am to 7:00 pm, or Saturday from 8:00 am to 1:00 pm CT, at 844-704-7882. Opens your phone app.
- Written request for a check to be issued to all holders of the Account.
- Internal transfer to another account at CIBC (only for existing account holders of CIBC Bank USA).
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2 To be eligible for an account, all applicants must have a current U.S. home address (includes Puerto Rico, but excludes other U.S. Territories).