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EQ Bank now 2.3% (up from 2%)
June 21, 2017
12:53 pm
12:53 pm
Nehpets
Ontario
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December 20, 2016
December 20, 2016
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Loonie said
Ontario credit unions are going to increase their coverage; I think it's next year but am not sure.
Yes, you are correct (Source: DICO website)
The Ontario Government has approved changes to the General Regulation (O. Reg. 237/09) of the Credit Unions and Caisses Populaires Act, 1994
Amendments to the Credit Unions and Caisses Populaires Act, 1994 and the General Regulation, Ontario Regulation 237/09, have been approved and will become effective on the latter of the date of proclamation of Schedule 5 of the Building Ontario Up for Everyone Act or January 1st, 2018.
The amendments include an increase in deposit insurance coverage up to $250,000 on eligible insured non-registered deposits.
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