Your coverage

Notice: As of April 30, 2020, CDIC protection is expanded to include foreign currency deposits and term deposits with maturity of greater than 5 years. These changes are part of the Government of Canada’s commitment to modernize and enhance CDIC deposit protection.

Use our deposit calculator, to see how CDIC protects your money.

What's covered?

What's not covered?

What's not covered?


What happens if a CDIC member fails?

Your money belongs in your hands. CDIC works hard to protect your savings and your access to financial services. If your institution closes, we will reimburse your insured funds (including interest) within days.

It's automatic - we will contact you.


What you can do?

  • Keep your contact information at your financial institution up-to-date so CDIC can send payment if necessary.
  • Know what is covered and what is not.

Learn more about CDIC's role as Canada's resolution authority.

Public awareness video

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