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Rate Escalator GICs
Rate Escalator GICs (3 and 5 year) offer interest rates that are tiered and guaranteed to rise every year. Interest is paid annually and at maturity. Meridian offers two types of Rate Escalator GICs: 3-year (registered or unregistered) and 5-year (registered only).
Benefits
- Make more money – your interest is guaranteed to increase
- Peace of Mind your investment is fully insured
- Flexible – the 5-year GIC can be converted to another non-redeemable long-term product on each anniversary date
We recommend Rate Escalator GICs if:
- You're looking to invest in a guaranteed product for a longer term.
- You're saving for your retirement.
- You want some of the best guaranteed rates on the market.
