New savings account bonus alert — Earn up to a $500 cash bonus and 5.01% APY with CIBC Bank USA
Learn how to earn 5.01% APY and qualify for a $500 cash bonus at CIBC Bank USA. The promotion is available until December 19, 2023. Start saving today.
Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
miniseries/Getty Images
- The CIBC Agility Savings Account pays 5.01% APY and has a cash bonus for new and existing customers.
- You may be eligible for a $250 or $500 cash bonus if you fufill qualifying activities.
- The cash bonus is available from November 1, 2023, to December 19, 2023.
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.
Featured Nationally Available Deposit Rates
| 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% |
How to qualify for the CIBC Agility Savings Account bonus
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.
Other savings account bonuses
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:
- BMO Relationship Plus Money Market Account: New customers may be eligible for a cash bonus of up to $3,500 if they use a promotional code and meet certain qualifying activities by December 8, 2023. BMO also has checking account bonuses, and you can earn a combined bonus of up to $4,100. This is the highest bank account bonus total available.
- SoFi Checking and Savings: Earn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. Earn up to 4.60% APY on savings balances with direct deposit
- U.S. Bank Standard Savings Account: U.S. Bank offers a cash bonus of up to $100 if you fulfill qualifying activities and open an account through the promotional page. This offer is only for new customers who live in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY. The bonus is available until November 30, 2023. U.S. Bank also has several checking account bonuses.
- Alliant High-Rate Savings Account: New Alliant Credit Union members may get a $100 savings account bonus if they apply through the promotional page and fulfill certain requirements. The promotion is available until December 31, 2023, and anyone in the US can become a member of the credit union. This high-yield savings account also notably pays 3.10% APY.
- Bask Bank Mileage Savings Account: New Bank Bank Mileage Savings Account customers may be eligible for a bonus of up to 5,000 bonus AAdvantage® miles. You must have an AAdvantage® account number and meet certain requirements. This bonus is available until November 30, 2023.
All of these savings accounts are federally insured by the FDIC or NCUA for up to $250,000 per depositor, per account category.
Products in this post: