Deposit Insurance

National Bank of Canada is a member of CDIC

Protecting your deposits

The Canadian Deposit Insurance Corporation (CDIC) protects the money you deposit in National Bank, in case the bank declares bankruptcy. Check out the CDIC pamphlet [PDF] for details.

Maximum basic coverage:

$100,000

per depositor per category

7

categories of deposits are covered

To be eligible for insurance, deposits must be:

Made in Canadian dollars
Payable in Canada
Repayable no later than five years after the date of deposit (term deposits only)

Seven categories of eligible deposits

Savings held in one name

Eligible deposits held in one name are covered by CDIC up to $100,000.

Insured products

Chequing accounts
Savings accounts
GICs

Deposits held in trust

Eligible deposits held in trust are covered by CDIC up to $100,000 per beneficiary.

Insured products

Chequing accounts
Savings accounts
GICs

Deposits held in a Registered Retirement Income Fund (RRIF)

Eligible deposits held in an RRIF are covered by CDIC up to $100,000.

Insured products

Savings accounts
GICs

Deposits held for paying realty taxes on mortgaged properties

Eligible deposits put aside to pay realty taxes on mortgaged properties are covered by CDIC up to $100,000.

Insured products

Savings accounts
GICs

Deposits held in more than one name

Eligible deposits held in the names of two or more people are covered by CDIC up to $100,000.

Insured products

Chequing accounts
Savings accounts
GICs

Deposits held in a registered retirement savings plan (RRSP)

Eligible deposits held in an RRSP are covered by CDIC up to $100,000.

Insured products

RRSP
Savings accounts
GICs

Deposits held in a Tax-Free Savings Accounts (TFSA)

Eligible deposits held in a TFSA are covered by CDIC up to $100,000.

Insured products

TFSA
Savings accounts
GICs

Want to know how much of your deposit is insured? Use our deposit insurance calculator.

Calculate

Little details that matter

Trade names

National Bank of Canada

Trade Names :

NBC
National Bank
National Bak Wealth Management
National Bank Private Wealth 1859
National Bank Financial Group
National Bank Financial Markets

Natcan Trust Company

Trade Names :

Banque Nationale Trust / Trust Banque Nationale / National Bank Trust
Fiducie Natcan / Natcan Trust

National Bank Trust Inc.

Trade Names :

Banque Nationale Trust / Trust Banque Nationale / National Bank Trust

Legal disclaimers

Eligible deposits include chequing accounts, savings accounts and guaranteed investment certificates (GICs) that are repayable no later than five years after the date of deposit.

The following deposits are not covered under the Canada Deposit Insurance Corporation Act: USD accounts or accounts in other currencies, shares, bonds or mutual funds, term deposits with a term greater than five years, treasury bills and debentures, principal-protected notes and deposits at non-CDIC member institutions.

CDIC FAQ and form

CDIC FAQ [PDF]

Form [PDF]

Questions?

For more information about deposit insurance, go to the CDIC website.

Visit the CDIC website

Call CDIC

1-800-461-7232

Member of Canada Deposit Insurance Corporation (CDIC)