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GICs guarantee your money will grow

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GICs give you the freedom to invest with the comfort of a guarantee. With a GIC or Index-Linked GIC, your principal amount is guaranteed. If you’re looking to invest for a specific term (1-5 years), a GIC will give you a set interest rate during that entire term. Escalator GICs offer flexibility to fixed income investing. Want to invest in the stock market? Choose an Index-Linked GIC to keep your principal amount intact. Either option can generate income, protect your savings and manage your risk all in one.

All Meridian GICs give you:

  • Guaranteed security of principal
  • Competitive rates
  • Increased flexibility with a variety of GICs available
  • Deposits insured by Deposit Insurance Corporation of Ontario (DICO)

Meridian Small Business GICs are available in Non-Registered plans.


Fixed Rate GIC

Choose a Fixed Rate GIC term anywhere from 30 days to 5 years. Plus your principal and rate are guaranteed.

  • Earn competitive rates
  • Guaranteed interest rate and security of principal
  • Choose between a wide range of term lengths

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3 Year Escalator GIC

A medium term investment that offers annual rate increases and access to withdraw annually.

  • Cashable every year with no penalty
  • Principal and return are guaranteed
  • Only $100 minimum required

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5 Year Escalator GIC

A medium term investment that offers annual rate increases and access to withdraw annually.

  • Cashable every year with no penalty
  • Principal and return are guaranteed
  • Only $100 minimum required

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Canadian Index-Linked GIC

Take advantage of investing in Canadian equity markets with exposure to 20 of the largest companies in Canada.

  • Exposure to the Canadian stock market
  • Looking for an investment of at least 5 years
  • 100% principal guaranteed
  • Willing to forego guaranteed return of a traditional GIC in exchange for the potential to earn a higher return

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American Diversified Index-Linked GIC

Get exposure to 20 of the United States' largest companies.

  • Potential to enhance GIC returns
  • Willing to invest for at least 5 years
  • 100% principal guaranteed
  • Willing to forego guaranteed return of a traditional GIC in exchange for the potential to earn a higher return

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Global Diversified Index-Linked GIC

Capitalize on the growth of 20 major corporations operating in various sectors of the economy and different regions of the world.

  • Potential to enhance GIC returns
  • Available for a 1 or 5 year term
  • 100% principal guaranteed
  • Willing to forego guaranteed return of a traditional GIC in exchange for the potential to earn a higher return
  • Diversity with their investment

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Financial Services Index-Linked GIC

Capitalize on the potential growth of major Canadian financial institution Potential to enhance GIC returns

  • Available for a 3 or 5 year term
  • 100% principal guaranteed
  • Willing to forego guaranteed return of a traditional GIC in exchange for the potential to earn a higher return

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Consumer Staples Index-Linked GIC

This GIC invests in major companies operating in the consumer staples sector.

  • Potential to enhance GIC returns
  • Available for a 3 or 5 year term
  • 100% principal guaranteed
  • Willing to forego guaranteed return of a traditional GIC in exchange for the potential to earn a higher return
  • Diversity with their investment

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Health Care Index-Linked GIC

Allocate your money into major international companies within the heath care sector, like Pfizer Inc. and Johnson & Johnson.

  • Potential to enhance GIC returns
  • Available for a 3 or 5 year term
  • 100% principal guaranteed
  • Willing to forego guaranteed return of a traditional GIC in exchange for the potential to earn a higher return
  • Diversity with their investment

More details