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Online Policy Statement
  1. Home
  2. Banking Services
  3. Canada Deposit Insurance Corporation

Canada Deposit Insurance Corporation

The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation that protects your deposits of up to $100,000 at CDIC member institutions. Clients do not need to sign up for CDIC deposit protection, it’s free and automatic.

The following CWB Financial Group partner companies are CDIC member institutions:

  • Canadian Western Bank
  • Canadian Western Trust Company
  • Valiant Trust Company

CWB Financial Group accepts CDIC eligible deposits under various trade names.  Trade names include the company names under which CDIC member institutions operate.  Trade names include:  

  • Canadian Western Bank
  • CWB
  • CWB Financial Group
  • Motive Financial
  • Banque canadienne de l'Ouest 
  • CWB Groupe Financier
  • Canadian Western Trust Company
  • CWB Trust Services
  • CWBTS
  • CWT
  • Canadian Western Trust
  • Société de fiducie canadienne de l’Ouest
  • CWB Services fiduciaires
  • Valiant Trust Company
  • Valiant Trust
  • Société de fiducie Valiant
  • Fiducie Valiant
CDIC logo

Eligible products and investments:

Personal accounts
  • Apex® Account
  • Basic Personal Account
  • CWT Self-Directed RSP Daily Interest Cash Account
  • CWT Self-Directed RIF Daily Interest Cash Account
  • CWT Self-Directed TFSA (daily interest cash account)
  • CWT Investment Account (formerly known as Safekeeping & Income Collection Plan Daily Interest Cash Account)
  • Flex Notice Account (31 and 93 day)
  • Gold Leaf PLUS® Account
  • LIRA
  • Motive® Cha-Ching Chequing Account
  • Motive® Chequing Account
  • Motive® RRIF Demand Account
  • Motive® Savvy Savings Account
  • Motive® Savings Account
  • Motive® RRSP Savings Account
  • Motive® TFSA Savings Account
  • Peak Performance® Account (no longer available)
  • Personal Chequing Account (no longer available)
  • Prestige™ Account 
  • RESP
  • Standard Chequing Account
  • Student Account
  • Summit Savings AccountTM
  • The Ultimate® Account (no longer available)
  • US Dollar Flex Notice Account (31 and 93 days)
  • US Dollar Personal Chequing Account
  • US Dollar Personal Savings Account
  • Valiant Trust RRIF Servicing Account
  • Valiant Trust RRSP Servicing Account
  • Valiant Trust TFSA Servicing Account
  • WestEarner® RRIF Savings Account
  • WestEarner® RRSP Savings Account
  • WestEarner® TFSA Savings Account
  • Youth Account
Business accounts
  • AgriInvest Savings Account
  • Business Account (Netting)
  • Basic Business Account (no longer available)
  • Business Current Account
  • Business Current Account PLUS (no longer available)
  • Business Savings Account
  • CWB Business Advantage AccountTM
  • CWB Business Trust AccountTM CAD
  • CWB Business Trust AccountTM USD
  • CWB Business Unlimited AccountTM
  • CWT Investment Account (formerly known as Safekeeping & Income Collection Plan Daily Interest Cash Account)
  • Flex Notice Account (93 days)
  • Flex Notice Account (non-personal)
  • Interest Reserve Account (no longer available)
  • Organization Account
  • Strata Solution®/Condo Account Package (no longer available)
  • Trust Fund Investment Account
  • US Dollar Business Account
  • US Dollar Business Account (Netting)
  • US Dollar Business Savings Account
  • US Dollar Flex Notice Account (93 days)
  • US Dollar Interest Reserve Account (no longer available)
Guaranteed Investment Certificates
  • CWT Guaranteed Investment Certificate
  • CWT WestEarner® Convertible RRIF GIC
  • CWT WestEarner® Convertible RRSP GIC
  • CWT WestEarner® Premium RRIF GIC
  • CWT WestEarner® Premium RRSP GIC
  • CWT Short Term GIC
  • Flex Notice GIC (31 and 93 days)
  • Motive® GIC
  • Motive® RRSP GIC
  • Motive® RRIF GIC
  • Motive® TFSA GIC
  • USD Flex Notice GIC (31 and 93 days)
  • US Dollar GIC
  • Valiant Trust RRSP GIC
  • Valiant Trust RRIF GIC
  • Valiant Trust TFSA GIC
  • Valiant Trust Convertible RRSP GIC
  • Valiant Trust Convertible RRIF GIC
  • Valiant Trust Premium GIC
  • WestEarner®;Convertible RRIF GIC
  • WestEarner® Convertible RRSP GIC
  • WestEarner® RRIF GIC
  • WestEarner® RRSP GIC
  • WestEarner® RRSP-X GIC (no longer available)
  • WestEarner® TFSA GIC
  • WestEarner® Premium GIC
  • Special term GIC
Redeemable Guaranteed Investment Certificates
  • Canadian Savings Certificate
  • CWT WestEarner® Fully Redeemable RRIF GIC
  • Floating Rate Redeemable (FLR) GIC
  • US Dollar Floating Rate Redeemable (FLR) GIC
  • Valiant Trust Fully Redeemable RRIF GIC
  • WestEarner® Fully Redeemable RRIF GIC
Other
  • Canadian Dollar Drafts
  • Certified Cheques
  • Settlement Accounts for Unremitted Sales of Third Party Items
  • Suspense Accounts for Unposted Items
  • Term Deposits Paid Out with Cheques Not Yet Cleared
  • US Dollar Drafts