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CIBM Bank Review

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CIBM Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


CIBM Bank was founded in 1921 and its headquarters are located in Champaign, Illinois. CIBM Bank owns assets of $657 million along with $484 million in deposits, making it a medium-size bank. CIBM Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We gave the bank a 4.5 out of 5 stars, suggesting CIBM Bank is a superb bank that you should seriously consider. CIBM Bank has the complete selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. CIBM Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, CIBM Bank's standard checking account does not have a monthly fee. Locating an institution with free checking and a high savings APY is the best bet for gaining the highest income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.30%, CIBM Bank ranks poorly compared to the national average. Its one-year CD earns at a rate of 2.00% and the five-year CD has a rate of 1.85%, while its highest-yielding money market account earns at a rate of 0.15%. Given its poor savings rate, you should consider other options to earn more on your deposits.

How CIBM Bank's Savings Rates Compare

CIBM Bank Savings 0.30 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, CIBM Bank charges customers extremely low fees in comparison to the average U.S. bank. With no monthly fee, CIBM Bank is perfect for people who want a basic checking account. CIBM Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you will need to locate a CIBM Bank ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

CIBM Bank is a brick-and-mortar bank, with 11 total bank locations in Illinois, Indiana and Wisconsin. With mobile and web apps, CIBM Bank makes account access easy, even on the go. CIBM Bank's online and mobile banking services receive moderately high ratings from users. The CIBM Bank mobile app has been given a 4.3 out of 5 (out of 42 ratings on Apple and Android) compared to the national average of 3.8. You can utilize CIBM Bank's app to control your accounts by reviewing monthly statements, transferring money and reaching customer service. CIBM Bank gets a superb consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

CIBM Bank is a medium-size bank and manages $657 million in assets and $484 million in deposits. Its Texas Ratio is 5.56%, indicating a tiny possibility of failure. Additionally, CIBM Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare CIBM Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $500
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 2.00% APY
  • 24 Month: 1.40% APY
  • 36 Month: 1.50% APY
  • 48 Month: 1.75% APY
  • 60 Month: 1.85% APY
$500 for all terms
Money Market Account 0.12% APY $10000

CIBM Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. CIBM Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. CIBM Bank's CD rates are fair compared to the average U.S. bank.

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Find a CIBM Bank Near Me

CIBM Bank has 11 branches across the U.S.

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