Feel confident that your money is protected
Royal Bank of Canada and its subsidaries are proud members of the Canada Deposit Insurance Corporation (CDIC).
The CDIC is NOT a bank or private insurance company. It is a Federal Crown corporation created by Parliament in 1967 to protect the money you deposit in member financial institutions, in case of failure. CDIC protects eligible deposits up to a maximum of $100,000 (principal + interest combined) per depositor, per insured categories.
To be eligible for deposit insurance, deposits must be:
- payable in Canada
- in Canadian currency
- have a term of no greater than 5 years
Plus, CDIC insures eligible deposits seperately (up to $100,000 including principal and interest).View eligible deposits
For further information concerning the CDIC