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Certificates of Deposit (CDs)

MINIMUM DEPOSIT TO OPEN	INTEREST EARNED	PENALTIES FOR EARLY WITHDRAWL
$1,000	Yes	Fees

Overview

A low-risk investment offered by CIBC Bank USA that earns a guaranteed return with fixed interest rates and a choice of term lengths.

Key Features

Earn a guaranteed interest rate with term lengths from 30 days to five years
Available interest may be withdrawn or reinvested
Additional funds may be added upon renewal
No annual or custodial fees
May be eligible to use as loan collateral
CDs are automatically renewed at maturity
Interest compounded and credited according to the terms of the CD

Interest Earned

Fixed interest rate and Annual Percentage Yield (APY).

Must maintain a daily $1,000 balance to earn interest.

Fees

Penalties for early withdrawal.