CIBC US$ Personal Account

Account Features

The CIBC US$ Personal Account earns 0.05% as a standard interest rate. Interest rates increase depending on how much USD is held in the account:

Balance up to $2,999.99 USD: 0.05%
$3,000 to $9,999.99 USD: 0.05%
$10,000 to $24,999.99 USD: 0.15%
$25,000 to $59,999.99 USD: 0.15%
On portion of balances $60,000 USD and over: 0.5%

Interest is calculated daily and paid monthly, directly to the CIBC US$ Personal Account.

Account holders can deposit and issue US cheques from this account, in addition to being able to convert Canadian Dollars to USD.

Fees

Any transactions made in the CIBC US$ Personal Account incur a cost of $0.75 USD.

Monthly Fees

The CIBC US$ Personal Account has no monthly fees.

Editorial Disclosure: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. For complete and current information, please consult the entity's website.