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Thread: TDB8150 HISA

  1. #31
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    Quote Originally Posted by getliquid View Post
    I thought cash and equities holdings in a brokerage account is covered by another body other than CDIC? up to a million per account?
    TDB8150 is a deposit savings account that trades like as MF.

    The unit price is held at $10 so the interest is paid as additional units.
    http://www.canadiancapitalist.com/hi...count-brokers/



    Cheers


    PS

    It is an example of an innovation to meet a need.

    Last edited by Eclectic12; 2017-05-02 at 11:27 AM. Reason: added PS

  2. #32
    Senior Member Beaver101's Avatar
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    ^ Not aware that any US deposits, GIC, HISA are insured with CDIC or to getliquid's question:
    In this case if I buy the HISA USD version, what would the limit be for the insurance?
    Everyone should be respected as an individual, but no one idolized.-A. Einstein

  3. #33
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    Foreign currency deposits are definitely not insured by CDIC.

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  5. #34
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    so the only way to insure USD in Canada is keep it in cash in a brokerage so its covered by CIPF? is the .40% HISA worth the risk?

  6. #35
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    You're probably safest in a vehicle like SHV that holds treasury bills. That isn't a bank deposit but holds bonds backed by the US Treasury, yields something like 0.5% or 0.6%. This is safe even if banks and brokerages collapse.

    I keep some USD (with no deposit insurance) in a big bank, but the moment there is any kind of banking crisis I would convert it to CAD to benefit from CDIC protection.


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