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CIBC High-Yield Savings 2.39% APY Account Review

CIBC High-Yield Savings 2.39% APY Account Review

CIBC is offering nationwide savings of 2.39% APY with their Agility Savings account.

This account is another easy to save saver account with no minimum other than the opening deposit of $1,000. CIBC offers no monthly fees, online banking, and a mobile app.

Saving account details

  • Account Type: Savings account
  • Interest Rate: 2.39%Opening Deposit: $1,000
  • Minimum Balance: $1,000
  • Maximum Balance: $1,000,000
  • Availability:  Nationwide
  • Credit Inquiry: Unknown
  • Credit Card Funding: Unknown
  • Monthly Fee: None
  • Early Termination Fee: None
  • Rate promo period: 180 days

How to get the best rate

To get this 2.39% APY, all you need to do is get an Agility Savings account, which is their fancy name for a high-yield savings account. The minimum balance required to get the APY is just 1 cent, but you’ll need at least a 1K deposit when you fund the account initially.

Creating the account was basic and pretymuch the same as any other account. you’ll provide your basic information and then you’re prompted to transfer the funds electronically from another bank. If you’re a current CIBC user, you can transfer the funds from your current account to their high-yield account.

You can deposit up to $250K initially and you can’t exceed $1M during the lifetime of the acccount.

You’ll need to deposit at least $1K when applying for the account.

ACH speeds

CIBC has a daily ACH push of $125,000 and a monthly limit of $250,000. The speed is uknown.

CIBC has a daily pull of no limit daily and no limit monthly. The speed is same day pull.

External accounts

CIBC allws you to link as many external accounts as you want, based on the rep I spoke to.


There are no monthly fees with the savings account.

Pros of CIBC

  • Mobile app
  • FDIC insured
  • No fees
  • Easy to apply
  • Low minimum deposit

Cons of CIBC

  • Rate is lukewarm compared to other banks

Overall thoughts

If you’re looking for an easy bank that’ll build you cash with no minimum and no fees, CIBC is worth considering as it offers a decent rate without any of the annoying things.

What do you think?