™Trademarks of Meridian Credit Union Limited. Lengths of terms are subject to change. The principal amount of a Meridian Index-Linked GIC is guaranteed and repayable upon maturity. The principal amount and earned interest is covered by deposit insurance provided by the Deposit Insurance Corporation of Ontario, subject to a limit of $250,000 in total non-registered Member deposits at Meridian (unlimited if held within a registered plan). Notwithstanding any guaranteed minimum rate of return, the amount earned, if any, is calculated at, accrued to, and paid at maturity as interest and will depend on the performance of the Equity Index. It is possible that the amount earned may be zero.
Meridian's 1 Year Financial Services Index-Linked GIC offers a minimum guaranteed cumulative rate of return of 1.60% over the entire term. The total interest earned, inclusive of the guaranteed minimum rate of return, will not exceed a Maximum Cumulative Return of 4.00% over the full term of the deposit.
Meridian's 3 Year Financial Services Index-Linked GIC offers a minimum guaranteed cumulative rate of return of 3.00% over the entire term. The total interest earned, inclusive of the guaranteed minimum rate of return, will not exceed a Maximum Cumulative Return of 15.00% over the full term of the deposit.
Meridian's 5 Year Financial Services Index-Linked GIC offers a minimum guaranteed cumulative rate of return of 10.00% over the entire term. The total interest earned, inclusive of the guaranteed minimum rate of return, will not exceed a Maximum Cumulative Return of 20.00% over the full term of the deposit.
*Average annual returns were calculated by the current features of the products over the last 200 1, 3 and 5 year periods ending each month between January 31, 2002 to August 31, 2018. Please note: the first 47 periods of 1 year, the first 71 periods of 3 years and the first 95 periods of 5 years do not take the Intact Financial Corp. yield into account; the first 8 periods of 3 years and the first 34 periods of 32 years do not take the Manulife Financial yield into account.
Data presented is for information purposes only. Past returns are not indicative of future performance. Offer valid until November 22, 2018. Meridian Index-Linked GICs are non-redeemable. Terms and conditions for Meridian Index-Linked GICs are available at your local Meridian branch. All other trademarks, registered trademarks, service marks and trade names are the property of their respective owners. 09/2018