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Personal Savings
| MINIMUM DEPOSIT TO OPEN | INTEREST EARNED | Fees |
|---|---|---|
$50 |
Yes |
Yes |
Overview
A savings account offered by CIBC Bank USA with a low minimum balance requirement and the ability to earn more when you maintain a higher balance.
Key features
Earns a tiered interest rate.
- Unlimited number of transfers or withdrawals made in person, by mail or at an ATM for payments to you, to your other CIBC Bank USA accounts or to us
- Minimum balance requirement and monthly maintenance fees are waived for account owners under the age of 18. To open an account for a minor, visit a banking center1
- Convenient account access
- No checking account required
- Free online and mobile banking2
Interest earned
- Variable interest rate and Annual Percentage Yield (APY)
- Interest compounded and credited quarterly
- Interest rate tiers are $0.01 to $9,999.99, $10,000 to $24,999.99, $25,000 to $49,999.99 and $50,000 or more
Fees
$3 fee per quarter if the account balance falls below $250 any day in the statement cycle. Other service fees may apply. Refer to the Fee Schedule for Consumer Accounts.
Apply online
At this time, only residents of select counties in Illinois, Michigan, Missouri and Wisconsin are eligible to apply online.3 Find out if you're eligible and apply today.