Your savings are safer because we’re CDIC members

Manulife Bank of Canada and Manulife Trust Company are members of the Canada Deposit Insurance Corporation(CDIC). That means your eligible deposits with us are insured up to a maximum of $100,000 (principal and interest combined) in each of nine categories. The categories – every one of which is separately entitled to up to $100,000 in protection – include:

  • Deposits held in one name
  • Deposits held in more than one name (for example, deposits in a joint account)
  • Deposits held in a Registered Retirement Savings Plan (RRSP)
  • Deposits held in a Registered Retirement Income Fund (RRIF)
  • Deposits held in a Tax-Free Savings Account (TFSA)
  • Deposits held in a First Home Savings Account (FHSA)*
  • Deposits held in a Registered Education Savings Plan (RESP)*
  • Deposits held in a Registered Disability Savings Plan (RDSP)*
  • Deposits held in trust

Eligible deposits that we offer include:

Positive balances held in our mortgage accounts – such as Manulife One and Manulife Bank Select – are also eligible for coverage.

The premiums financial institutions pay to the CDIC ensure that you will be reimbursed up to the maximum if a member institution fails. You don’t have to apply for deposit insurance – eligible deposits held with us are automatically protected.

What you must do is keep us up-to-date on the beneficiary information associated with any accounts you hold in trust, at all times. If you are a professional trustee, you may want some or all of your trust accounts identified as professional trustee accounts. To do so, you can complete and return a copy of our Professional Trustee Account Attestation.

Find out if your savings are protected using the CDIC’s Deposit Insurance Estimator. For more information about deposit insurance, visit

*Not offered by Manulife Bank.

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