CIBC RRIF Daily Interest Savings Account

Personal Banking

CIBC RRIF Daily Interest Savings Account (DISA) provides you access to your retirement income savings at any time.

A Registered Retirement Income Fund (RRIF) allows funds transferred from an RRSP to remain tax-sheltered while continuing to earn tax-deferred income, as long as those funds remain in your RRIF. Consider a CIBC RRIF DISA when you need to convert retirement savings to income (a legislated minimum amount must be withdrawn each year).

Minimum investment

There is no minimum investment amount; however, a minimum balance of $5,000 is required to open a CIBC RRIF account

Access to funds

Any time


Interest is earned on each day's final balance and paid semi-annually, with tax deferred compounding


There are no fees, unless you transfer all or part of your RRIF funds to another financial institution, in which case a $100 fee will apply

Key benefits

Saves you money

  • Deposit funds any day of the month and you'll start earning interest right away
  • Any existing CIBC RRIF Daily Interest Savings Account can be transferred "intact" to a CIBC RRIF


Easily keep track of your account with quarterly statements sent to you

Is it for you?

The CIBC RRIF DISA could be for you if any of the following apply:

  • You want to earn competitive daily interest savings rates
  • You want to be able to change the amount you withdraw at any time, or take out a large lump sum if you wish (subject to the legislated minimum annual amounts)

Useful information

  • Choose the schedule for your regular RRIF income payments so that your cash flow needs are covered.

Interested in applying for a CIBC RRIF DISA?

Call Telephone Banking1 or visit your branch.

1-800-465-3863 toll free

Our Service Commitment to You

If you have a concern or complaint, we want to help.

Read more

Interested in a TFSA GIC?

Consider a CIBC TFSA Tax Advantage Savings Account or a CIBC Flexible TFSA GIC.

Interested in a non-registered GIC?

Consider a CIBC Flexible GIC.