3-Year Cashable GIC
Make the most of your money and access it when you need to
One of the most challenging things about managing your business is knowing when you'll need funds available in case opportunity knocks. That's why Meridian designed an innovative new way to have the best of both worlds:
A safe investment option with a much better rate than most high interest savings accounts
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Access to your money at any time, with no penalty
This is the 3-Year Cashable GIC from Meridian.
How it works
- Invest as little as $500 to start and maintain this throughout the term
- Principal investment is 100% guaranteed
- Withdraw any time after 90 days with no early redemption penalty
- Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
Here's what you'll earn
| When you cash out | Interest rate¹ |
|---|---|
| 0 to 90 days | 0.00% |
| 91 days to 15 months | 1.05% |
| 15 months + 1 day to 36 months | 3.50% |
| At maturity | 4.25% |