Over the last several years, the markets have taken investors on a stomach-turning ride. The ups and downs have been enough to make even the savviest investor feel anxious. A good way to manage market uncertainty is to diversify with lower-risk investments like Guaranteed Investment Certificates (GICs). A GIC can anchor your portfolio with guaranteed earnings and peace of mind.
Certainty in uncertain times
GICs are an excellent investment option in times of uncertainty – they help solidify your position in a fluctuating market. A GIC guarantees the full value of your initial deposit1 and delivers a guaranteed rate of return. In other words, your money is both secure and growing – your nest egg is stabilized – even in times of sudden market change.
At Meridian, we offer a wide range of GICs. Find the one that fits you best.
A GIC with room to move
If you want the security of a GIC, but don’t want to miss out on the potential for higher interest rates, be sure to ask about our Raise the Rate GIC. This first-of-its kind solution, created by Meridian, allows you to raise the interest rate on your GIC, even mid-term.
With interest rates on the move – further increases by the Bank of Canada are expected – the Raise the Rate GIC is an ideal investment tool. You have the security of a 3-year or 5-year term, with the option to earn more interest when rates go up.
This is for you if:
You want the stability of a traditional GIC with the option to increase your rate in the future.
Learn more about the Raise the Rate GIC
A GIC you can access any time
Our 1-Year Cashable GIC is popular for a reason. With a guaranteed return, a competitive interest rate, and access to your money when you need it, this flexible product ticks all the boxes. If you want to earn more on your savings, without locking your money away, ask about this low-risk GIC and how it can help solidify your position in a fluctuating market.
This is for you if:
You want the flexibility of a traditional savings account but with a higher rate of return and the option to access your money at any time with no penalty.
Learn more about the 1-Year Cashable GIC
A GIC linked to the markets
If you want to benefit from the potential growth of the stock market without risking your original investment, a market-linked GIC may be the right tool for you. With many options to choose from, market-linked GICs offer a safety net with plenty of room for upside growth.
This is for you if:
You’re comfortable with a little more risk in order to take advantage of potential upswings in the market, but you want to know your principal is guaranteed.
Learn more about market-linked GICs
Talk to a Financial Planner
If you have questions about finding the right GIC, reach out to one of our experts. Find a branch or an advisor
1 All insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage. For further information on deposit insurance, please ask for a brochure at the credit union or visit Financial Services Regulatory Authority of Ontario (FSRA)'s website.
