The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament in 1967 to protect your deposits made with member financial institutions in case of their failure. CDIC is NOT a bank. CDIC is NOT a private insurance company.
The following Scotiabank group members are CDIC member institutions:
For full details of coverage limitations, refer to the CDIC brochure
Protecting Your Deposits (38 kb), or ask for a copy at your Scotiabank branch.
The Scotiabank group's Deposit Product List (45 kb) displays instruments and/or products of these Scotiabank Group members that are eligible for deposit insurance through the CDIC (up to the maximum protection limit). Eligible deposits must be in Canadian funds, payable in Canada, and have a term of no greater than 5 years.