SBI Canada Bank - Member of Canada Deposit Insurance Corporation

To find out information about deposit insurance from the Canada Deposit Insurance Corporation including what instruments and/or products are eligible for deposit insurance, visit their website https://www.cdic.ca.

Deposit Register

The following instruments and /or deposit products are eligible for deposit insurance from the Canada Deposit Insurance Corporation (CDIC), subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits" and provided they are payable in Canada.

Click Here for Deposit Register

• Guaranteed Investment Certificates (GICs) - Redeemable, Cashable & Non-Redeemable
• Savings Account
• Super Saver Account (Individuals)
• Super Saver Account (Business)
• Premium Savings Account
• Chequing Account *
• RRSP GICs **
• TFSA Power Savings Account
• TFSA Power GIC Account **
• Student GIC
• Bank Drafts
• Certified Cheques
• Official Cheques

The below mentioned accounts may be CDIC insured but not used by depositors during normal course of business with SBI Canada Bank :

• Cheques and other items in Transit
• Outstanding Payments [including suspense accounts]
• Items lying in Sundry Deposits
• Accrued Interest Payable
• Unclaimed Balances

* Chequing Account is also called Current Account

** We offer RRSP GICs and TFSA Power GICs only as non-redeemable investments.