I was talking to a customer service in a bank and she advised me that if I have a one year locked GIC this is insured by CDIC up to $100,000 and if I have a savings account then it is protected up to $100,000 and my TFSA ($25,000) is also insured. As these are different products and each product is CDIC insured, I am insured up to $225,000 .. Is that correct?
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