The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created in 1967 to protect your deposits in member financial institutions. Cidel Bank Canada is a member of the Canada Deposit Insurance Corporation.
CDIC Deposit Insurance Information
WHAT DOES CDIC INSURE?
CDIC insures Cidel Bank Canada term and demand deposits, subject always to maximum coverage limitations as outlined by the CDIC in Protecting Your Deposits and provided such deposits are in Canadian funds, are payable in Canada, and have a term of no more than 5 years.