Money Market Savings Account

MINIMUM DEPOSIT TO OPEN INTEREST EARNED Fees

$50

Yes

Yes

Overview

A money market account offered by CIBC Bank USA that earns a competitive interest rate and provides liquidity and easy access to your money.

Key Features

Earns a tiered interest rate.

  • Unlimited number of withdrawals made in person or at an ATM
  • Up to six pre-authorized, automatic, or telephone transfers or checks or debit card transactions permitted per monthly statement cycle
  • No minimum withdrawal amount
  • Monthly account statement includes free check images
  • No checking account required

Interest earned

Variable interest rate and Annual Percentage Yield (APY).

Interest compounded and credited monthly.

Interest rate tiers: $0.01 to $2,499.99; $2,500 to $49,999.99; $50,000 to $99,999.99; $100,000 and greater.

Fees

$15 fee per monthly statement cycle  if the daily account balance falls below $2,500.

$10 per pre-authorized, automatic, or telephone transfers or check or debit card transactions in excess of six per monthly statement cycle.