Earn on average 70% more, and still have the peace of mind of knowing that your principal is fully guaranteed.
Okay, you’ve made your RSP contribution. Now what?
The good news is, a lot of us are contributing to RSPs. The bad news? We’re waiting till the last minute, and then just parking our contribution in a low interest savings account. Because, hey, it’s enough that we made a contribution this year, isn’t it?
Well, not really. Not if you want to get the most out of your RSP. Because if you’re in a low interest account, your money isn’t growing much. And if you factor in inflation, it may actually be losing value.
So what’s an average, everyday investor to do?
We’re glad you asked, because we’ve got lots of options.
Earn on average 70% more than what the big 5 banks are paying with our
3 year Escalator GIC. That's a medium-term investment option with the flexibility to access your funds on an annual basis. Your money is safe and secure. You benefit from increasing rates every year should you choose to maintain your investment.
Mutual funds offer a variety of ways to invest in both the stock and the bond market.
Or for more conservative investors, we offer Fixed-Rate GICs. They earn a guaranteed return and all RSP deposits are fully insured with no maximum limit.
And if you’re somewhere in the middle, we offer Market-secured GICs. Your return is based on the performance of Canadian and international market indices and your principal is fully guaranteed - now that's peace-of-mind.
Talk to a Meridian financial advisor to find out which option is best for you. And if you’re expecting a tax refund, consider placing it in a Tax-Free Savings Account to further minimize your taxes.
