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5 reasons to invest with GICs

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1. GICs are secure and low risk

With a GIC, you get a guaranteed return on the amount you invested. There’s no holding your breath and hoping that you don’t lose your savings. Plus, financial institutions like Meridian issue GICs insured by the Financial Services Regulatory Authority (FSRA).

2. GICs help create a balanced portfolio

GICs are a safe investment option, but that doesn’t mean they’re only useful to investors who want to play it safe. If you’re interested in exploring higher risk investments, GICs are a great way to keep some of your funds secure – reducing overall risk and earning you interest at the same time.

3. You can customize GICs to fit your savings goals

Flexible term lengths, from a few months to several years, make it easy to customize your GIC holdings to save for short- or long-term goals. You can also choose different types of GICs based on what kind of interest rate you want or whether you might need access to your money early. Registered GICs are also a great option because the interest you earn is tax-free.

Learn about the different types of GICs

4. Maximize the returns on your investment with multiple GICs

The best way to get the most out of your GICs is by laddering. You divide your investment into multiple GICs with different maturity dates – like 1-year, 2-year, 3-year, 4-year, 5-year. This way, one of your GICs will mature each year, giving you the option to access some of your money or reinvest. It adds flexibility, protects against changing interest rates, and increases your overall annual returns.

Learn more about a GIC laddered strategy from Meridian

5. Establish a reliable source of income

You can choose a GIC that allows you to withdraw guaranteed interest payments at select intervals. This makes GICs a great choice for anyone living on fixed income, because it provides another reliable source. It’s also helpful to anyone who wants to plan ahead knowing they can count on that income.

The benefits of investing with a Meridian GIC

Now that you know all the benefits of GICs, let’s talk about investing with Meridian!

It’s easy to get started

The minimum investment for GICs at many financial institutions is $1000, but at Meridian Credit Union it’s only $100!

Build your perfect GIC with all our great options

With Meridian, you can choose from great fixed rate, cashable, escalating, laddered GICs, and more – with terms ranging from 30 days to 5 years and highly competitive rates.

Featured GICs

1-year cashable GIC

This GIC will give you a great short-term option to grow your savings – it has a highly competitive rate and you can access your money without any penalty. Learn more about the 1-year cashable GIC.

Raise the Rate GIC

This will allow you to price match any comparable GIC from Meridian, available in 3- and 5-year terms, giving you even more control over your investments and flexibility. It's available in 3- and 5-year terms. Learn more about the Raise the Rate GIC.

Explore all GICs