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CIBC Bank USA, the United States division of Canadian Imperial Bank of Commerce, has a unique promotional offer for its high-yield savings account.
New and existing clients may qualify for a $500 cash bonus with the CIBC Agility Savings Account. This online high-yield savings account also currently pays 5.01% APY, which is on par with what the best high-yield savings accounts offer right now.
Account | APY (Annual Percentage Yield) |
BrioDirect High-Yield Savings Account | 5.35% |
Western Alliance Bank High Yield Savings Account | 5.26% |
Pacific Western Money Market Account | 5.27% |
CIT Bank Platinum Savings | 5.05% (with $5,000 minimum balance) |
Western Alliance Bank 16 Month No-Penalty CD | 5.40% |
First, you must deposit new money into a CIBC Agility Savings Account between November 1, 2023, and December 19, 2023.
CIBC Bank USA defines new money as funds that come from an external bank. So if you deposit money from another CIBC Bank USA account, those funds will not count toward the bonus.
You may be eligible for a $250 or $500 cash bonus. Here's how much money you'll need to qualify for either cash bonus amount:
Cash bonus amount | New money deposit requirement |
$250 | $25,000 to $49,999.99 |
$500 | $50,000 or more |
Once you have deposited the funds, you must keep the money in your account until March 18, 2024. You also have to enroll in online banking and receive online bank statements until at least March 18, 2024.
The cash bonus will be deposited into your account by May 17, 2024. Your account must remain open until you receive the bonus.
Keep in mind the promotion has a total deposit limit of $500,000. If more than $500,000 is in your CIBC Agility Savings Account, you won't be eligible for the promotion.
CIBC Agility Savings is an online-only account. Anyone in the United States who is over the age of 18 is eligible to open an account. There is a limit of one bonus per primary account owner. CIBC Agility Savings requires a $1,000 minimum opening deposit and doesn't charge monthly bank maintenance fees.
If you don't qualify for CIBC's cash bonus or want to explore other options, there are several other national brands offering the best savings account bonuses out there:
All of these savings accounts are federally insured by the FDIC or NCUA for up to $250,000 per depositor, per account category.
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