-
TD Investment Savings Account (TDB8150)
-
TD Investment Savings Account (TDMC) (TDB8155)
-
TD Investment Savings Account (CTC) (TDB8159)
Q: Good Morning
Am I correct that these three TD Waterhouse Savings accounts TDB8150, TDB8155, and TDB8159 are EACH separately insured to $100,000 by Canadian Deposit Insurance Corporation? Even if all three are in my Cash account? I am just wanting the safest place to park cash for awhile with decent interest.
Thanking you........ Paul K
Am I correct that these three TD Waterhouse Savings accounts TDB8150, TDB8155, and TDB8159 are EACH separately insured to $100,000 by Canadian Deposit Insurance Corporation? Even if all three are in my Cash account? I am just wanting the safest place to park cash for awhile with decent interest.
Thanking you........ Paul K
5i Research Answer:
Much depends on how the broker buys them. If the TD investment savings accounts are purchased in an individuals' name, our understanding is that CDIC is applicable, whereas, if it is purchased in the brokers' name, it may not be applicable.