Is my money with Tangerine insured?

Yes, the funds deposited with Tangerine are insured through the Canada Deposit Insurance Corporation, commonly known as CDIC. This insurance protects eligible deposits made in Canadian dollars at member institutions, like Tangerine, against the loss of funds in the event of a bank failure. It is important to note that the coverage is limited to a maximum of sixty thousand dollars per depositor, per insured category, at each member institution. Eligible deposits include savings accounts, chequing accounts, and term deposits, among others. However, it is essential to keep in mind that not all financial products offered by Tangerine may qualify for CDIC insurance. For example, investments in stocks, bonds, and mutual funds are not covered under this insurance. If you want to know more specifics about what types of accounts or deposits are insured, it may be useful to review the information available on the Tangerine website. They provide detailed explanations of their products and the insurance coverage for each. This can help you gain a better understanding of how your money is protected while held with Tangerine.