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Term Deposits

Eligibility for insurance

Term deposits, including Guaranteed Investment Certificates (GICs), are eligible for CDIC deposit protection. For example, a GIC with an original term of seven years, would be eligible.

Indexed-linked deposits

Market-linked or index-linked term deposits are term deposits whose returns are linked to a variation in a stock exchange index or other similar index. An index-linked deposit would be insurable only if the principal is fully repayable (at maturity or otherwise).

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