Q: Hi Peter and Ryan,
Thanks for the answer you provided yesterday on the Deposit Insurance Corporation of Ontario (DICO), which insures Canadian currency deposits at credit unions, including interest, to a maximum of $100,000. However, my question was about deposits that exceed $100 000. I would like to have an idea of the risk involved if I were to deposit $150 000 or $200 000 on my Meridian High Interest Savings Account. I wanted an opinion based on Meridian’s corporate reports at the following web address: http://www.meridiancu.ca/meridian/about/corporate-reports/Pages/default.aspx
Many thanks!
Thanks for the answer you provided yesterday on the Deposit Insurance Corporation of Ontario (DICO), which insures Canadian currency deposits at credit unions, including interest, to a maximum of $100,000. However, my question was about deposits that exceed $100 000. I would like to have an idea of the risk involved if I were to deposit $150 000 or $200 000 on my Meridian High Interest Savings Account. I wanted an opinion based on Meridian’s corporate reports at the following web address: http://www.meridiancu.ca/meridian/about/corporate-reports/Pages/default.aspx
Many thanks!