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finder.com’s rating: 3.0 / 5.0
★★★★★
CIBC offers an easy-access savings product with ATM accessibility, personal checks and unlimited withdrawals. But monthly fees, unclear rates and limited account availability may hinder your potential to save.
N/A
APY
$15 per month
Fee
$50
Minimum deposit to open
Review by
Shannon Terrell is a writer for Finder who studied communications and English literature at the University of Toronto. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies.
The CIBC Money Market account is best for those who live in Illinois, Michigan, Missouri and Wisconsin. The account comes with many of the features you’d expect: personal checks, ATM access, unlimited withdrawals and the opportunity to waive maintenance fees.
However, CIBC isn’t transparent with its interest rates and you can only apply in person.
There’s no online application for the CIBC Money Market Savings account, so you’ll need to visit a CIBC branch in person to apply.
Bring two forms of photo ID with you and be prepared to deposit at least $50 to open the account.
Meet the following criteria to be eligible for the CIBC Money Market account:
Bring this information with you when you apply:
This account comes with a debit card and personal checks along with the following:
In addition to a minimum $50 opening deposit, be on the lookout for the following:
If you prefer an online savings account, you’ll want to keep looking. As always, compare your options when choosing a money market account.
Gain access to your CIBC Money Market Savings account funds in four different ways:
You can connect with CIBC in three different ways:
Besides its money market account, you can save with CIBC in the following ways:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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