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-2
votes
1answer
42 views

Does CDIC deposit insurance just protect the principal or the interest also?

Refer to this page on the CDIC website. It is not clear to me whether CDIC will just insure the principal that I put in my TFSA GIC or also the interest earned. i.e If I open a GIC with a bank at 2% ...
3
votes
1answer
88 views

Is SIPC coverage on cash as strong as FDIC?

I'm considering opening a brokerage account with a broker that is requesting $10,000 minimum funding. That money will not go to an FDIC covered bank account. But the broker does have an SIPC ...
16
votes
3answers
5k views

How do rich people guarantee the safety of their money, when savings exceed the FDIC limit?

I am curious how a millionaire would guarantee the safety of his money, given that the FDIC only insures up to $250K of an individual's deposits at a bank. If someone had $3 million that they wanted ...
4
votes
1answer
232 views

How does bank deposit insurance work in Singapore?

When I check bank web sites in Singapore, they usually post something like below: Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under ...
0
votes
1answer
113 views

EU deposit guarantee fund for failed state guarantee

I am not able to find reliable information on this topic. Generally speaking, all deposits in EU banks are secured by national guarantee fund up to about 100k. Image a national fund would fail because ...
3
votes
1answer
102 views

Deposit insurance in India: Is the limit per deposit, or per individual?

Is the deposit insurance of 1 lakh, per deposit or per individual (PAN)? If it is per deposit, would it be better to have for example 4 FDs of 1 lakh each instead of one FD of 4 lakh? (Of course it ...
4
votes
1answer
144 views

How does the FDIC in the United States work?

Issues in my head raised by the quesion about withdrawing money from a bank before it goes under If the purpose of the FDIC in the United States system is to insure deposits, how is the money the ...
2
votes
2answers
127 views

What is covered by CDIC savings deposit insurance?

In the unlikely event that a financial institution fails in Canada, what is covered by the Canadian Deposit Insurance Corporation? What is the limit of coverage?
6
votes
3answers
119 views

What bank deposits are insured in the U.S.?

What kind of bank deposits in the U.S. are insured against banks going under? What do I need to look out for to make sure my money is safe?