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Is my money guaranteed in a collective investment fund (CIF)?

No. The funds invested in a CIF are not guaranteed either by the bank offering the CIF or by the Federal Deposit Insurance Corporation (FDIC). The investment risk of a CIF is 100 percent borne by the CIF participant, just like an investor in a mutual fund or other investment fund.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

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