With a Canadian Market Secure GIC your return is based on the performance of the S&P/TSX 60®, Canada’s leading stock market index. This provides you with the opportunity to earn more money while at the same time, preserving your investment and minimizing risk.
For monthly closing values of the S&P/TSX 60 index, click here.
For our S&P/TSX 60 Market Secure GIC Offerings, click here.
For an information sheet, click here.
Benefits
- No cap on returns
- Manages risk
- No fees
- Returns based on the performance of the S&P/TSX60®
- Potential for higher returns than traditional fixed rate GICs
Smart and flexible
It’s a smart way to try the stock market without the hassle of risk-taking. With great benefits, a Canadian Market Secure GIC works to earn high-interest to any age range.
If the market drops your principal will not decline in value which will protect your investment so you can ride out the market, worry-free.Â
Features
- 5-year non redeemable GIC
- Rate of return based on the average month-end closing value of the S&P/TSX 60® over a 5-year investment period
- Members participate in100% of return
- Principal is guaranteed
- Eligible in TFSA, RIF and RSP plans
- $500 minimum investment required for RSP, RIF and TFSA; $1,000 for non-registered
®S&P/TSX60 - “S&P” is a trademark of the McGraw-Hill Companies Inc. and has been licensed for use by Meridian Credit Union.
“TSX” is a trademark of the Toronto Stock Exchange Inc. and has been licensed for use by Meridian Credit Union.
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Past performance of this product is not indicative of future returns. Your return will depend on whether and how much the index increases over your investment’s term. A return is not guaranteed; if the level decreases, there may be no return. Ask for details.
