Deposits held in one name

CDIC protects eligible deposits held in one name separately from the depositors’ eligible deposits held in other insured categories.

In the event of a member institution failure, a depositor’s chequing account, savings account, and any unregistered term deposits in single name would be considered as deposits held in one name and would therefore be combined for a maximum coverage limit of $100,000, per CDIC member institution.

Here are examples of moneys held in one name at one CDIC member institution – and what does (✓) and does not (✗) qualify for CDIC coverage:


  • $20,000 in a GIC
  • $40,000 in a term deposit
  • $25,000 in a savings account
  • $25,000 in a chequing account
  • $50,000 in stocks and bonds
  • $130,000 in mutual funds

Total Portfolio


Eligible Deposits


Protected by CDIC


What’s protected and why:

GICs, term deposit, savings accounts, and chequing accounts are eligible deposit products and therefore are covered for up to $100,000 of CDIC protection. So $100,000 of the eligible $110,000 within the deposits held in one name category are protected. CDIC coverage does not apply to stocks, bonds or mutual funds, so those investments, which amount to $180,000 of the total $290,000 in the category, are not eligible to be insured by CDIC.

Have more questions about how CDIC deposit protection works?

Check out our FAQs
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