Is my money with Tangerine insured?
Asked 6 months ago
Yes, your money with Tangerine is insured. Tangerine is a member of the Canada Deposit Insurance Corporation (CDIC), which means that your deposits are automatically insured up to $100,000 per eligible deposit category. This includes savings accounts, chequing accounts, and guaranteed investment certificates (GICs). Additionally, Tangerine is a subsidiary of Scotiabank, one of Canada's largest banks, which provides an added layer of security and stability. With CDIC insurance and the backing of Scotiabank, you can have peace of mind knowing that your money is protected in the unlikely event of a financial institution failure.
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