Bonds

CDIC does NOT insure bonds.

For example...

If you have the following in your name at a CDIC member:

• $1,000 in a savings account
• $4,000 in a GIC with an original date to maturity of 4 years
• $3,000 in a bond

You have $5,000 insured by CDIC in case your bank fails, because the bond above is NOT insured by CDIC.

CDIC also insures other types of deposits from $1 to $100,000. Find out more about how CDIC calculates insured deposits.

CDIC covers more!

Click on any of the following to see what else CDIC covers: savings held in trust, savings held in an RRSP, savings held in a RRIF, savings held for paying realty taxes on mortgage payments. CDIC also insures savings held in more than one name (joint deposits).