GIC rates and options from Meridian
Don't miss this great rate! For a limited time, lock in our 1-Year Non-Redeemable GIC at 3.60%*. Registered and non-registered investments are eligible for this secure, non-redeemable GIC. Transfer $100 or more to Meridian and watch your savings grow.
What is a GIC?
How GIC interest rates work
GICs usually pay out interest annually or at maturity, though some pay it on a more frequent schedule. Usually, interest is added to the balance of the GIC so it can compound and keep earning more. For example, if you buy a 5-year GIC at a rate of 4.5%, you’ll earn 4.5% for each of the 5 years. You can ask that interest be paid out to you each year in cash, or you can have your interest added back to the principal each year. This is called compounding.
Featured GIC offers
Explore our most popular GICs. With great rates and flexible terms, GICs are a great way to build your investment portfolio.
Lock in a higher, competitive interest rate for a longer term.
Earn competitive interest and access your money when you need it.
Rate match and increase your GIC’s rate before your term is up.
A Meridian GIC is an investment in the community
Did you know that when you buy a Meridian GIC, you’re also giving back to underserved communities across the province?
Unlike some of the larger financial institutions, we don’t have public shareholders. This means that more of our profits go toward product innovation and community initiatives.
In 2021, Meridian supported over 400 not-for-profit partners. From housing accessibility to financial literacy, we’re continuously working to enhance the lives of our Members and the communities we serve.
