Personal Savings Account

MINIMUM DEPOSIT TO OPEN	INTEREST EARNED	Fees
$50	Yes	Yes, unless minimum balance and transaction requirements are met.

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.

Earns a higher interest rate on the portion of your account balance that equals or exceeds $10,000, $25,000 or $50,000.

Unlimited number of withdrawals made in person or at an ATM
Up to six pre-authorized, automatic, or telephone transfers or debit card transactions permitted per month
Minimum balance requirement and monthly maintenance fees are waived for account owners under the age of 18
Convenient account access
No checking account required

Variable interest rate and Annual Percentage Yield (APY).

Interest compounded and credited quarterly.

$3 fee per quarter if the account balance falls below $250 any day in the statement cycle.

$10 per pre-authorized, automatic, or telephone transfers or debit card transactions in excess of six per month.