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Unlimited Deposit Guarantee

Product in a Nutshell: (What is it?)

Deposits held within Synergy Credit Union are fully guaranteed.

Benefits

Features

Peace of mind: “You can rest assured your funds are protected no matter the amount.”
- Unlimited Guarantee is provided by the Credit Union Deposit Guarantee Corporation (CUDGC). Whether it’s $100 or a $1 million your funds are protected.

- The unlimited deposit guarantee covers all funds on deposit with our Credit Union which includes:
  • Chequing accounts (US and Canadian)
  • Savings accounts
  • Term deposits
  • Registered plans such as RSPs
  • Accrued interest on the above
No Cost: “You don’t have to pay for this type of insurance.”
- Free
- No application required you are automatically covered

Additional Information

- Credit Union Deposit Guarantee Corporation (CUDGC) website – www.cudgc.sk.ca
- Most banks offer their customers coverage through Canada Deposit Insurance Corporation for up to $100,000. Visit www.cdic.ca for more details.

Who might benefit from this product/ service?

All members who want to ensure their money is 100% protected with no limits.


 
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