What CDIC Does
CDIC insures Canadians’ savings against the failure of a bank or other CDIC member institution.

The ABCs of Deposit Insurance
Up to $100,000 of your savings are insured by CDIC as soon as you deposit them in an eligible account. Your savings must be:
A	Accounts that are eligible—for example, savings, chequing and GICs of 5 years or less.
+	Held at…
B	Banks and other financial institutions—insured deposits must be held at a CDIC member.
+	And held in...
C	Canadian dollars—U.S. dollar and other foreign currency deposits are not eligible.
A + B + C = insured deposits
Find out more about what’s covered and what’s not.

We make sure that the money Canadians deposit in a CDIC member is protected in case a member bank, trust company, loan company or association governed by the Cooperative Credit Associations Act goes bankrupt.

We insure most—but not all—types of savings. See What’s Covered, What’s Not Covered.

We insure savings in most banks and financial institutions in Canada, but not all. Savings must be in a CDIC member institution to be protected by us. See the list of current CDIC members.

We provide deposit insurance to help make Canada’s financial system stable. All of our work is done for the benefit of depositors.