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What is a GIC?

A GIC (Guaranteed Investment Certificate) is a safe, low-risk investment. Your initial investment is guaranteed and with a wide range of options, it’s easy to build a balanced portfolio.


Benefits of GICs

Guaranteed returns

With a guaranteed return on the amount you invested, GICs are low-risk and perfect for building a balanced portfolio.


Interest and income

Registered GICs let you earn interest tax-free and guaranteed interest payments could give you a reliable source of income.


Customized savings

Flexible term lengths and interest rates that can be fixed, variable, or escalating make it easy to customize your investments.


Explore all GIC options

1-Year Cashable GIC

One of our most popular investment options - you get a guaranteed investment without locking your money away. You earn a competitive interest rate and you can access your money when you need it. Great for short-term savings!

Available for: Non-registered and TFSA plans.

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Raise the Rate GIC

Our Raise the Rate GIC lets you increase your GIC’s rate before your term is up. Take control of your investments and increase your return by raising your rate to match the best offering from Meridian. Plus, get added flexibility by choosing from 3- or 5-year terms.

Available for: Non-registered, TFSA, RRSP, or RRIF plans.

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Fixed Rate GICs

Get competitive rates and lots of flexibility with terms ranging from 30 days to 5 years. Plus, your principal and rate are guaranteed. Protect and grow your investment.

Available for: Non-registered, TFSA and RRSP plans.

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18-Month GIC

Our special 18-Month GIC lets you earn high interest over a short term. Get a guaranteed return on your investment without locking your money away for a long time.

Available for: Non-registered, TFSA and RRSP plans.

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Market-Linked GICs

Benefit from all the potential growth of the stock market without risking your principal investment when you invest with market-linked GICs. With a range of options, it’s easy to find an market-linked GIC that’s right for you.

Available for: Non-registered, TFSA, RRSP, or RRIF plans.

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Escalator GICs

Benefit from rates that increase each year, while having access to your funds on an annual basis. Plus, you have the flexibility to choose from a 3-or 5-year term.

Available for: TFSA, RRSP, or RRIF plans.

Learn more about the 3-Year Escalator GIC

Learn more about the 5-Year Escalator GIC


GIC Laddered Strategy

Interest rates can move up and down. Laddering is a smart way to maximize returns and lower the risk of changing interest rates by dividing your investment into multiple GICs with different terms.

Available for: Non-registered, TFSA and RRSP plans.

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Expert advice

Want to chat about using GICs to build a portfolio that fits your savings style? Start the conversation – find a branch and book a meeting.


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Learn more about GICs