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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- Available interest may be withdrawn or reinvested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.