DizzleJWizzle wrote:
i don't a cyprus style situation with the rest of my money
What do you mean by that?
Toy_Soldier wrote:
If the bank by chance ever failed, up to $100,000.00 is insured by your Canada Deposit Insurance Corporation CDIC.
That's what happened in Cyprus. All accounts of up to 100k were insured and transferred to a different bank. I know because I had this happen to me in 2011. Actually, I prefer risky banks and small credit unions due to smaller fees and larger interest rates.