What's Covered, What's Not?

CDIC insures most — but not all — savings. Click on any of the following to find out which are covered and which are not:

Accounts and products insured by CDIC

• savings accounts and chequing accounts
• GICs or other term deposits with an original term to maturity of 5 years or less
• money orders, certified cheques, travellers’ cheques and bank drafts issued by CDIC members
• accounts that hold realty taxes on mortgaged properties

Accounts and products must be held in Canadian dollars at a CDIC member institution.

Accounts and products NOT insured by CDIC

• mutual funds and stocks
• GICs and other term deposits with a date to maturity of more than 5 years
• bonds
• Treasury bills

CDIC does NOT insure any accounts or products in U.S. dollars or other foreign currency.

CDIC does NOT insure any accounts or products held in banks or other institutions that are NOT CDIC members.

Accounts and Products Insured by CDIC UNDER CERTAIN CIRCUMSTANCES

Read these pages closely to get the whole picture:

• RRSPs and RRIFs
• debentures

At a Glance: What's Covered, What’s Not Covered

Note: This website is designed to give general information about deposit insurance and should not be relied upon as definitive. The actual deposit insurance coverage provided by CDIC following the failure of a member institution is based on the deposit account records at the failed member institution and is governed by the Canada Deposit Insurance Corporation Act.