Great choice with the CIBC RSP Daily Interest Savings Account (DISA)

Completing your application will only take about 5 minutes, so let's get started.

To continue, simply ensure:

  • This RSP is for your personal use and that you have reached the age of majority
  • You have your Social Insurance Number on hand
  • You have a CIBC Personal Account to use for your first contribution; if not, you can apply for an account online, or open an RSP by visiting a branch

Other items that you may need:

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About You

About You
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Your personal information has been pre-filled below, however, please note that you aren't signed on to Online Banking. Changing the information below, will not change the information on file with CIBC.
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Required for Canadian Tax legislation purposes.
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Name:   
Date of birth: ,
Social Insurance Number:*** *** ***
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Occupation category:
Occupation description:
Detailed description:
Address:
 
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Home phone:
Email:
Business phone: ext

Contribution Information

Contribution Information
Do you want to open a new RSP or invest in an existing RRSP?
Do you want to open a new RSP or invest in an existing RRSP?
Minimum contribution is $25.00
Do you want to set up a recurring contribution?
Do you want to set up a recurring contribution?
Minimum contribution is $25.00
When should your recurring contributions begin?
DD
Month
YYYY
Start date selected must be at least 20 days from submission of this application.

The interest rate(s) above are subject to change without notice at any time. The actual rate(s) applicable to the product you selected will be the rate(s) in effect on the date your application is processed, which may vary from the rate(s) above. Interest is calculated on the full daily closing balance and is paid monthly.

The date of your contribution will be the next business day after your application is received. Provincial holidays are considered business days when determining a contribution date. Saturday, Sunday and federal holidays are considered non-business days.

A confirmation will be mailed to you once your application is processed and will provide the contribution date. Confirmations are considered to be received 5 business days after they are sent by mail.

You have 14 days from the date of the mailed confirmation to cancel this request.

Note: All Online Banking RRSP DISA contribution dates are based on Eastern Time. For example, a contribution made at 10:00 pm Pacific Time will be considered to be made at 1:00 am Eastern Time the next day.

Your account to be debited for the investment

(5 digits incl. all 0's)
(7 digits incl. all 0's)
Is this a joint account?
Is this a joint account?
Do you have single signing authority over the joint account you will debit for the investment?
Do you have single signing authority over the joint account you will debit for the investment?
Existing RRSP account number:
Contribution amount:
 
Recurring contribution:
Recurring amount:
Annual interest rate:
Bonus interest:
Total rate:
Contributions frequency: ()
Start date of your recurring contributions: ,
Your account to be debited for the investment
Branch transit number:
Account number:

Terms and Conditions

IMPORTANT: Please read the Terms and Conditions and disclosures provided below which are part of this application. You must read them, and check the box indicating that you agree to be bound by them. You should print all of the Terms and Conditions and the disclosures below before proceeding to complete your application.

1.
You agree to the CIBC Retirement Savings Plan Agreement below.
2.
You agree to receive the CIBC Retirement Savings Plan Agreement and the disclosures regarding your investment , which are set out below, in electronic format through this online application:
3.
  1. If you are opening a new RSP:
    • You request that CIBC apply for registration of your plan as a Registered Retirement Savings Plan under the Income Tax Act (Canada) and applicable income tax legislation in your province/territory of residence as indicated in this application. You understand that most amounts withdrawn from the plan will be taxable.
    • CIBC may use this information to identify you, protect us both from fraud and error, understand your needs and eligibility for services, recommend particular products and services to meet your needs, provide ongoing service, and comply with legal and regulatory requirements. (The word "Information" means financial and financially-related information about you, including information to identify you or qualify you for products and services, or information that CIBC needs for regulatory requirements.) This is explained in the CIBC privacy brochure, Your Privacy is Protected, available at any branch or www.cibc.com, which describes how the CIBC group collects, uses, discloses, and retains information about you and the products and services you use.
    • Specific Consents

      a)  Direct Marketing: CIBC may tell you about products and services through direct mail, telephone, and other direct means.

      b)  Disclosure within the CIBC group: CIBC may share Information within the CIBC group, so that the CIBC group may tell you about products and services.

    • If you don't wish to consent to a) or b), you can contact CIBC at 1-800-465-2422 at any time. You will not be refused credit or other services just because you withdraw your consent to a) or b). The CIBC group includes CIBC and its subsidiaries that currently offer deposits, loans, mutual funds, securities trading, mortgages, trust and insurance services.
  2. If opening a new RSP or making a contribution to an existing RSP:
    • You authorize CIBC to withdraw the amount(s) that you have indicated from the CIBC deposit account you have indicated and to contribute the amount(s) to your new RSP or your existing RSP, all as set out in your application.
    • If you are purchasing an RSP GIC, you are presently located in Canada.

Your most recent Canada Revenue Agency Notice of Assessment should provide information on your RSP deduction limit.

Trademarks and Disclaimers

* This is a combined bonus and regular annual interest rate paid on net new deposits made to a CIBC RRSP Daily Interest Savings Account. Bonus and/or regular rates may change at any time without notice. All interest rates are calculated daily and paid monthly. Bonus interest is earned until March 31, 2018 and only on days when net new deposits exceed the closing balance as of October 16, 2017. Other conditions apply. For more information, review the Terms and conditions (PDF, 147 KB) 

®Registered trademark of CIBC. CIBC Cube Design & “Banking that fits your life.” are trademarks of CIBC.

CIBC RSP Daily Interest Savings Account (DISA)

Features and benefits

  • Earn %* interest on new deposits for a limited time
  • Guaranteed principal and interest
  • Great short-term alternative for your RRSP funds
  • No account fees (transfer fee may apply)
For assistance
Frequently Asked Questions

Call us at 1-866-525-8622

Did you know?

If you want to open or contribute to a Spousal RSP, you do so by visiting a CIBC Branch or calling CIBC Telephone Banking at 1-888-872-2422.

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Online Banking

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You can continue with a non pre-filled application.
  • Select 'Non Pre-filled Application' if you want to proceed with your application.
  • Select 'Cancel Application' if you want to delete and close your application.

Online Banking

  • You have the option to create a description for your saved card number. Card descriptions can be up to 25 characters long, using any combination of letters and numbers. The description will appear on the Sign On page with your card number the next time you sign on.
  • If you prefer not to enter a description for your card, select Continue and proceed to Online Banking.
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Important: Do not use your password as your card description.

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Please Identify Yourself

  • In order to protect your information we need to verify your identity before pre-filling your application.
  • Please answer your Personal Verification Questions below.
  • If you cancel, you will be able to continue but your application will not be pre-filled.
Personal Verification Questions
Personal Verification Questions
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Please enter your online banking credentials
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Are you sure you want to cancel? If you cancel this application, all your information will be lost permanently.

Feel free to give us a call at 1-866-525-8622, as we would be happy to help with any questions or concerns.
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Your Social Insurance Number (SIN) is a 9 - digit number issued by the government of Canada that is required in order to register your plan.

All printed and mailed information received from CIBC will be in the language you selected.

Your email address will be used to contact you for confirmations and status updates but will not replace the email address on file with CIBC.

Note that we need your home address, not a P.O. Box number. If you wish to add a mailing address, please call 1-888-872-2422 or visit your local branch.

You must provide your current occupation to apply. In order to add or update you must select an occupation field first.

  • The date of your contribution will be the next business day after your purchase application is received. Provincial holidays are considered business days when determining a contribution date. Saturday, Sunday and federal holidays are considered non-business days.
  • For RSP contributions made on the last day for RRSP contributions, the date of the contribution will be the same date.
  • Applications submitted before 11:59 p.m. ET on December 31 of this year will be accepted for processing as part of your RRSP contribution for this year.
Note: All Online Banking RRSP DISA contribution dates are based on Eastern Time. For example, a contribution made at 10:00 pm Pacific Time will be considered to be made at 1:00 am Eastern Time the next day.

An RRSP account that you already hold.

Your existing RRSP account number is the account that holds your RRSP certificates.

You'll find your transit number at the bottom of your cheque or in online banking.

You'll find your account number at the bottom of your cheque or in online banking.

CIBC RETIREMENT SAVINGS PLAN AGREEMENT

  1. ESTABLISHMENT OF PLAN: Canadian Imperial Bank of Commerce ("CIBC") agrees to hold on deposit in a CIBC Retirement Savings Plan (the "Plan") contributions received from the "Annuitant" (as defined in the Income Tax Act (Canada) (the "Income Tax Act") named on the Plan application ("me/I") or from my Spouse for the purposes of providing me with a Retirement Income. "Spouse" means my spouse, my "commonlaw partner" as defined in the Income Tax Act (Canada) (the "Income Tax Act") or my civil union partner (as defined by Quebec law, provided that such person is a spouse or "commonlaw partner" as defined in the Income Tax Act for the purposes of registered retirement savings plans). "Retirement Income" has the meaning given in the Income Tax Act.
  2. REGISTRATION OF MY PLAN: CIBC will apply to register my Plan under the Income Tax Act and, if applicable, the income tax legislation of the Province or Territory in which I reside, as shown on the Plan application (the “Application”).
  3. PLAN CONTRIBUTIONS: I or my Spouse (if I declare on the Application that my Spouse is making all Plan contributions) may make cash contributions to the Plan (“Deposits”) from time to time until any time before (i) the end of the year in which I am 71 years of age or (ii) any earlier date that may be fixed under paragraph 9 for the commencement of a retirement income or a transfer into a registered retirement income fund (a “RRIF”).
  4. ACCOUNT OPTIONS WHICH I MAY CHOOSE:
    1. Account Options: The Plan will consist of the “Account Options” I select from time to time. (“Account Option” means the Daily Interest Savings Account (“DISA”), the GICs noted below ( the “RSP GICs”), the index linked deposit notes noted below (the “ILD Notes”) and any other option which CIBC may make available from time to time).
    2. RSP GICs: For RSP GICs, interest will be credited to the Plan at the RSP GIC’s maturity date and, if the GIC’s term exceeds 12 months, will be compounded on the anniversary date. RSP GICs are nontransferable. When a RSP GIC matures, CIBC will reinvest it in accordance with my instructions in writing or through CIBC Telephone Banking (if I have arranged for access to same) for the terms and options which CIBC makes available at the maturity date. If CIBC does not receive such instructions from me by the maturity date (or any later date CIBC may choose to permit in its sole discretion), CIBC will reinvest the amount of the RSP GIC (including accrued interest) for the same or a similar term unless CIBC reinvests that amount for a different term in its sole discretion. If the same type of RRSP GIC or term is not available when an RSP GIC matures, CIBC will reinvest the funds into the type of RRSP GIC or for a term, which CIBC considers to be comparable, in its opinion.
    3. RSP GIC (NonRedeemable): RSP GICs (NonRedeemable) (“GICNRs”) may not be redeemed (cashed in) before maturity unless:
      1. I make a withdrawal from my Plan under the “home buyers” plan in accordance with section 146.01 of the Income Tax Act and any similar provision in the income tax legislation of the Province or Territory in which I reside;
      2. I die before maturity;
      3. I request a refund in accordance with paragraph 7(b); or
      4. I am suffering from personal hardship, as determined by CIBC in its sole discretion on a casebycase basis. On a redemption before maturity in the case of event (i), (iii) or (iv), interest on the GICNR or redeemed portion of the GICNR will be payable at a rate and in accordance with a formula established by CIBC at the redemption date.

      If I buy a CIBC RRIF, I may convert a GICNR into a certificate held in that RRIF; that certificate will earn interest at the same rate, and mature on the same date, as did the GICNR. If I purchase or renew into a CIBC Bonus Rate RRSP GIC, its terms are identical to a GICNR except that on maturity my GIC will renew into a regular GICNR unless I provide other instructions prior to maturity; if I provide no maturity instructions, the Bonus Rate RRSP GIC will renew into a regular GICNR.

    4. RSP GIC (Redeemable): RSP GICs (Redeemable) (”GICRs”) are redeemable. To redeem a GICR, I must give CIBC written instructions in a form satisfactory to it; CIBC may require several days prior notice of an early redemption. On redemption before maturity for any reason other than my death, interest on the GICR or the redeemed portion of the GICR will be payable at a rate and in accordance with the formula CIBC establishes at the time the GICR is acquired. Partial redemptions are allowed, provided that I withdraw/leave invested at least the amounts which CIBC may require.
    5. Escalating Rate GICs: If I purchase or renew into a CIBC Cashable Escalating Rate RRSP GIC or CIBC Escalating Rate RRSP GIC (nonredeemable), the annual interest rate will increase in the second and in each subsequent year of the GIC’s term. For the CIBC Cashable Escalating Rate RRSP GIC (Redeemable), full or partial early redemption is allowed on each anniversary date or within seven days after each anniversary date only (redemption is not otherwise available); the interest rate applicable to the last full year prior to the redemption will apply for the period between the most recent anniversary date and the early redemption date.
    6. ILD Notes: ILD Notes issued by CIBC or other eligible depositories are offered through the FundSERV (R) network via fund code “CBL”, and are held for me on behalf of my dealer. Subject to any terms and restrictions set out in the applicable information statement, ILD Notes are nonredeemable but may be sold in any available secondary market. Interest, if any, is only paid upon maturity in accordance with the applicable information statement. When an ILD Note matures, CIBC will hold the proceeds on my behalf until it receives instructions from me or my dealer to reinvest in another ILD Note or transfer the proceeds.
  5. MINIMUM DEPOSIT AMOUNT: CIBC will determine the minimum amount for each Deposit and may change that minimum amount from time to time.
  6. ANNUITANT'S ACCOUNT AND PLAN STATEMENTS: CIBC will maintain an account for me (or in the case of ILD Notes, for me on behalf of my dealer) of all Deposits and interest credited to my Plan (the "Account"). CIBC or its agent will send me a statement of my Account at least once each year.
  7. WITHDRAWALS AND EXCESS DEPOSITS:
    1. Withdrawals: I may request CIBC to pay me all or part of the funds in my Plan by written notice given to CIBC any time before my Retirement Income commences. However, all payments are subject to any restrictions imposed by the Account Option or Options in which my funds are held.
    2. Excess Deposits: Where permitted by the Income Tax Act, I may direct CIBC in writing to refund from the Account balance an amount to reduce the tax that would otherwise be payable under Part X.1 of the Income Tax Act. CIBC must comply with that direction. In order to provide for the refund, CIBC may redeem a sufficient portion of any Certificate it selects in its sole discretion. CIBC is not responsible for determining the amount of that refund.
  8. INCOME TAX RECEIPTS: CIBC will provide me or my Spouse (depending on who makes the Deposits) with a receipt for income tax purposes for Deposits to the Plan. CIBC has absolutely no duty to determine the amount of Deposits which I or my Spouse (as applicable) may claim as a tax deduction each year.
  9. PURCHASE OF RETIREMENT INCOME OR TRANSFER TO A RRIF:
    1. Selection of Maturity Date: I must choose a date on which a Retirement Income will commence. The date I select is subject to any restrictions imposed by the Account Option or Options in which my funds are held and may not in any event be later than December 31 in the calendar year in which I turn 71 years of age (the “Redemption Date”) or otherwise contravene the Income Tax Act. To select the date, I must give CIBC 90 days advance written notice instructing CIBC to either:
      1. Purchase a Retirement Income: apply the funds in my Plan, less all proper charges including any applicable taxes and fees levied in accordance with paragraph 12, the (“Plan Proceeds”) to provide a Retirement Income; or
      2. Purchase a RRIF: amend or revise my Plan in accordance with the Income Tax Act to transfer my Plan Proceeds to a RRIF, and direct CIBC to transfer them to the RRIF carrier I name.
    2. Failure to Select a Maturity Date/Deemed Selection of Maturity Date: If I do not choose a maturity date in accordance with paragraph 9(a), CIBC will apply the Plan Proceeds on or before the Redemption Date to provide a CIBC deposit RRIF for me. If I buy a GICNR or ILD Note which has a maturity date later than the Redemption Date then (as long as at the Redemption Date my Plan’s value exceeds the minimum purchase amount for a CIBC deposit RRIF), that purchase constitutes my irrevocable instruction to CIBC to provide a CIBC deposit RRIF for me and to convert such GICNR into a certificate held in that RRIF which earns interest at the same rate, and matures on the same date as did the GICNR and to sell such ILD Note and transfer the proceeds to that CIBC deposit RRIF. If my Plan’s value is less than the amount required to open a CIBC RRIF, CIBC will redeem all GICs and sell all ILD notes held in my Plan and send me a cheque for the value of my Plan, less withholding taxes and any other applicable taxes, penalties, interest or fees. For the purpose of any purchase/redemption/sale in accordance with this paragraph 9(b), I appoint CIBC as my attorney in fact to execute all documents and make any elections as are necessary to, as applicable, redeem my GICNR, sell my ILD Notes and/or establish and operate a CIBC deposit RRIF for me, and agree that CIBC will have absolutely no liability to me in respect thereof.
    3. Features of a Retirement Income: If Plan Proceeds are applied to buy a Retirement Income, it:
      1. must not be capable of assignment either in whole or in part;
      2. may be commuted in full or in part;
      3. must require the Retirement Income to be commuted if it becomes payable to a person other than an “Annuitant” under my Plan. For this purpose, “Annuitant” means me or my Spouse, if s/he becomes entitled to receive benefits from my Plan after the maturity date as a result of my death;
      4. must not permit the total periodic payments in a year after the first Annuitant’s death to exceed the total payments made in the year before his/her death;
      5. must require that all payments to the Annuitant be equal annual or more frequent periodic payments until there is a payment which fully commutes the Retirement Income; and
      6. must otherwise comply with the Income Tax Act.
  10. ANNUITANT'S DEATH: If I die before a Retirement Income is provided or before the Plan Proceeds are transferred to a RRIF in accordance with paragraph 9, CIBC will pay the Plan Proceeds as a lump sum to the person(s) entitled to them in accordance with paragraph 11 upon receiving satisfactory evidence of my death and any other documents which CIBC may require. CIBC may delay payment for any period it may determine in its absolute discretion if it believes that a delay is required or advisable under any applicable law. CIBC will not be liable for any loss caused by a delay.
  11. BENEFICIARY DESIGNATION: If allowed under applicable provincial law, I may designate one or more beneficiaries in accordance with this paragraph to receive Plan Proceeds under paragraph 10. A beneficiary designation can only be made, changed or revoked by written instrument in a form reasonably acceptable to CIBC which adequately identifies the Plan, is signed by me and is provided to CIBC (an “Instrument”). An Instrument may be effective for the purpose of this paragraph even though, as a will or codicil, it may be invalid or revoked. Before any payment, the Instrument or evidence of it acceptable to CIBC must be received by CIBC in accordance with paragraph 15. If CIBC receives more than one instrument or evidence of it, CIBC will make payment in accordance with the Instrument with the most recent execution date. Before payment, CIBC may require evidence satisfactory to CIBC (such as letters probate or similar documents) that I did not subsequently revoke or amend an Instrument in my will or otherwise and such releases and other documents as CIBC may reasonably require. To be entitled to receive any payment from my Plan after my death, the person(s) I name must survive me. If I designate more than one beneficiary, each beneficiary will receive the percentage of the Plan Proceeds I specify on the designation form (if I do not clearly specify percentages, the Plan Proceeds will be divided equally); if any named beneficiary does not survive me, his/her share will be divided equally among those of the designated beneficiaries who do survive me; if only one designated beneficiary survives me, that person will receive the entire Plan Proceeds. If no beneficiary is designated or if all beneficiaries do not survive me, the Plan Proceeds will be paid to my legal personal representative.
  12. FEES: CIBC is entitled to receive and may charge against the Account the fees disclosed in writing to me when my Plan is opened and any new or increased fee(s) in respect of which CIBC has given me written notice at least 30 days before it (they) are effective. CIBC is also entitled to receive and may charge against the Account, any taxes, interest or penalties payable in respect of my Plan. CIBC is not entitled to reimbursement from the Plan for any taxes, interest and penalties imposed on it under the Income Tax Act.
  13. LOCKED-IN RRSP/LOCKED-IN RETIREMENT ACCOUNT: If my Plan is a lockedin Plan, a “lockedin retirement account” or similar arrangement which is governed by federal or provincial pension legislation, I must sign an amending agreement (the “Amending Agreement”) when I sign the Application. The Amending Agreement contains terms relating to the pension legislation. Certain of those terms override the terms of this Agreement (for example, I am restricted as to when and how I may make withdrawals from my Plan). I acknowledge that if there is a conflict at any time between the pension legislation and the Income Tax Act, CIBC will not contravene the Income Tax Act nor do anything which may result in a tax liability to CIBC.
  14. ANNUITANT'S DATE OF BIRTH: I certify that I have correctly stated my date of birth on the Application, and undertake to provide any further evidence of that date that may be required when I purchase a Retirement Income or make a transfer to a RRIF.
  15. NOTICES AND BRANCH OF ACCOUNT:
    1. Notice by Me: Any notice or instructions given by me to CIBC must be delivered or mailed (postage prepaid) to CIBC at Commerce Court Postal Station, Toronto, Ontario, M5L 1A2, or any other address as CIBC may advise in writing, and will be considered to have been given to CIBC on the day that it is actually delivered to or received by CIBC.
    2. Notice to Me/My Spouse: Any notice, statement, receipt, or advice given by CIBC to me or my Spouse must be delivered or sent (postage prepaid) to me or my Spouse at the address recorded in CIBC’s books with respect to the Plan and will be considered to have been received when actually delivered or, if mailed, on the fifth day after mailing.
    3. Notice to CIBC by Third Parties: While any legal notice or document issued by a third party in respect of the Plan will be effectively served on CIBC if served at the address in paragraph 15(a), service may be accepted, at CIBC’s discretion, at any location of CIBC or any affiliate of CIBC. If CIBC or any CIBC affiliate incurs any expenses in responding to any third party legal notice or document, CIBC may charge such expenses to the Plan. CIBC may, but is not required to, notify me of the receipt of any legal notice or document before CIBC complies with it. CIBC may serve me with any legal notice or document by mailing it to me by ordinary mail in accordance with paragraph 15(b). Any payment made by CIBC or any CIBC affiliate to a third party claimant under any legal process, if the payment is made in good faith, is a discharge of CIBC’s obligations under this Agreement and with respect to the Plan, to the extent of the amount paid.
    4. For the purposes of the Bank Act, my branch of account is the branch named on the Application. It may be changed to any other CIBC branch in Canada which CIBC or I specify in a written notice.

  16. AMENDMENTS TO PLAN: CIBC may amend the Plan from time to time at CIBC’s discretion by giving me 30 days prior notice. No amendment may be retroactive or result in the amended Plan not being acceptable as a registered retirement savings plan under the Income Tax Act. Should it so choose in its sole discretion, CIBC may amend the Plan by converting it into a trusted Plan under a Declaration of Trust instead of this Agreement, and assign its obligations and rights as Plan issuer to a trust company which, if CIBC wishes, is a CIBC affiliate.
  17. NO RIGHT OF OFFSET: CIBC has no right of offset against any property in my Plan in connection with any debt or obligation I may owe CIBC.
  18. NO PLEDGE OR ASSIGNMENT: Property in my Plan cannot be pledged, assigned or alienated in any way as security for a loan or for any purpose other than to provide me with a Retirement Income.
  19. NO COLLATERAL BENEFIT: Except as allowed by the Income Tax Act, no advantage that is conditional in any way on my Plan’s existence may be extended to me or a person with whom I do not deal “at arm’s length” (within the meaning of that Act).
  20. GOVERNING LAW: This Agreement is governed by and construed in accordance with the laws of the Canadian Province or Territory in which I live (if I do not live in Canada, the laws of Ontario,Canada will apply). If any provision of the Income Tax Act which is referred to in this Agreement is renumbered because of an amendment to that Act, then the reference in this Agreement is considered to be a reference to the renumbered provision. QUEBEC ONLY. It is my express wish that the Application and this Agreement be in English / J’ai exigé que la présente formule et tous les documents s’y rattachant soient rédigés en anglais.
  21. REGULAR INVESTMENT PLAN: In this section “I” and “my” refers to the Customer and any Joint Accountholder/Contributing Spouse signing above. This is a Funds Transfer PAD, which means a preauthorized debit (“PAD”) drawn by me from the Financial Institution for the purpose of transferring my funds to my CIBC account such as my RSP Daily Interest Savings Account.
  22. I am responsible for reviewing my Account records to confirm that all PADs are paid on their scheduled payment date for the correct amount; CIBC will not verify PADs for me. CIBC will not be liable for any loss, expense, damage or liability that may result if a PAD is not debited as scheduled or if there are any other problems or errors in respect of this service, even if the same results from CIBC’s negligence.

    This PAD authorization can be revoked or cancelled at any time by me upon prior notice to CIBC at least 5 business days prior to the due date of the next PAD payment. Cancellation of this PAD authorization does not affect or terminate any of my continuing payment obligations under any other agreement.

    I may contact my branch for inquiries or obtain information regarding my PAD. Branch contact information is available through CIBC.com or by calling 1800465CIBC (2422) toll free within Canada and the U.S. I have certain rights if any debit does not comply with these terms. For example, I have the right to receive a reimbursement for any PAD that is not authorized or is not consistent with this PAD authorization. To obtain more information on recourse or cancellation rights or to obtain a sample cancellation form, I may contact CIBC at 1800465CIBC (2422) or visit www.cdnpay.ca.

    Delivery of this authorization to CIBC also constitutes delivery to the Financial Institution, and the Financial Institution is not required to verify that the PADS have been made in accordance with this authorization. I consent to the disclosure of information in this PAD authorization to the Financial Institution to the extent that it relates to a PAD. I represent, warrant and guarantee that all of the information provided herein is accurate, and that this authorization is sufficient to authorize debits from my Account.

®Trademark of FUNDSERV Inc.

Authorization

Please review the information below. Print this page by selecting the Print button at the end of the page. To complete the process of applying for an RSP or making your contribution to an existing RSP, select I Agree at the end of the page.

  • CIBC RRSP GIC (Non-Redeemable)
  • CIBC RRSP GIC (Redeemable)
  • CIBC Bonus Rate RRSP GIC
  • CIBC Escalating Rate RRSP GIC
  • CIBC Cashable Escalating Rate RRSP GIC
  • CIBC Flexible RRSP GIC

To finish the process of applying for an RSP or making your contribution to an existing RSP, you need to agree to the following statements:

  1. If opening a new RSP:
    • I request that you (CIBC) apply for registration of my plan as a Registered Retirement Savings Plan under the Income Tax Act (Canada) and applicable income tax legislation in my province/territory of residence as indicated in this application. I understand that most amounts withdrawn from the plan will be taxable.
    • You may use this information to identify me, protect us both from fraud and error, understand my needs and eligibility for services, recommend particular products and services to meet my needs, provide ongoing service, and comply with legal and regulatory requirements. (The word "Information" means financial and financially-related information about me, including information to identify me or qualify me for products and services, or information that you need for regulatory requirements.) This is explained in the CIBC privacy brochure, Your Privacy is Protected, available at any branch or www.cibc.com, which describes how the CIBC group collects, uses, discloses, and retains information about me and the products and services I use.
    • Specific Consents:
      • a) Direct Marketing: You may tell me about products and services through direct mail, telephone, and other direct means.
      • b) Disclosure within the CIBC group: You may share Information within the CIBC group, so that the CIBC group may tell me about products and services.
    • If I don't wish to consent to a) or b), I can contact you at 1-800-465-2422 at any time. I will not be refused credit or other services just because I withdraw my consent to a) or b). The CIBC group includes CIBC and its subsidiaries that currently offer deposits, loans, mutual funds, securities trading, mortgages, trust and insurance services.
  2. If opening a new RSP or making a contribution to an existing RSP:
    • I authorize you to withdraw the amount(s) that I have indicated from the CIBC deposit account I have indicated, and to contribute the amount(s) to my new RSP or my existing RSP, all as set out in my application.
    • If I am purchasing an RSP GIC, I am presently located in Canada.

Authorization

Please review the information below. Print this page by selecting the Print button at the end of the page. To complete the process of applying for an RSP or making your contribution to an existing RSP, check the box at the end of the page.

  • CIBC RRSP Daily Interest Savings Account (DISA)

To finish the process of applying for an RSP or making your contribution to an existing RSP, you need to agree to the following statements:

  1. If opening a new RSP:
    • I request that CIBC apply for registration of my plan as a Registered Retirement Savings Plan under the Income Tax Act (Canada) and applicable income tax legislation in my province/territory of residence as indicated in this application. I understand that most amounts withdrawn from the plan will be taxable.
  2. If opening a new RSP or making a contribution to an existing RSP:
    • I authorize you to withdraw the amount(s) that I have indicated from the CIBC deposit account I have indicated, and to contribute the amount(s) to my new RSP or my existing RSP, all as set out in my application.

Rate Information:


These interest rates will change over time. The portion of the daily closing balance that falls within a tier earns the interest rate for that tier. Interest is calculated on the daily closing balance and is credited to the account semi-annually on June 30 and December 31.


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