Skip to main content

Manage changing markets with a low-risk GIC

April 08, 2020

Money Sense

Martha Harbell

Young women sitting on a porch drinking coffee thinking about the future

Investors around the world have been watching a roller coaster of market fluctuations over the past several months, and we don't know when things will go back to normal. It’s enough to make even the savviest investor anxious. One way to manage these uncertain times is to diversify your portfolio. If all your investments are in stocks, you’re probably seeing a lot of ups and downs right now. Adding a lower-risk investment, like a GIC, can help balance out your portfolio and provide stability..

Certainty in uncertain times

GICs are an excellent investment option in times of uncertainty because they guarantee the full value of the initial deposit1 and deliver a guaranteed rate of return, so you can breathe easy knowing that you’ll keep your money and earn interest on it. This means that you don’t have to sit on the sidelines to make sure that your money is secure in a changing market — you can still invest and grow your savings. Plus, a balanced portfolio gives you a great foundation for a long-term financial plan.

We have several great GICs to choose from, so it’s easy to find the right fit.

Raise the Rate GIC

Meridian created the Raise the Rate GIC, a first-of-its-kind solution, for people seeking the security of a GIC with the added advantage of being able to increase the rate. At a time like this, when rates are low, some people may be hesitant to lock into a rate for a longer term. That’s why Raise the Rate is perfect — because you can earn more on your GIC when rates go up. Available in 3- or 5-year terms.

This is for you if:

You want to take advantage of future opportunities with the power to increase your rate, plus get the stability you get from a traditional GIC.

Learn about about the Raise the Rate GIC

1-Year Cashable GIC

This is one of our most popular options for a reason — you get a guaranteed investment without locking your money away. You earn a competitive interest rate on your savings and you can access your money whenever you need it.

This is for you if:

You want the flexibility of a traditional savings account but with a higher rate of return and the option to access your money at any time with no penalty.

Learn about about the 1-Year Cashable GIC

Market-Linked GICs

You can benefit from all the potential growth of the stock market without risking your original investment with an market-linked GIC — even in an uncertain time like this. Plus, there are so many options that it’s easy to find the right fit.

This is for you if:

You’re comfortable taking a little more risk in order to take advantage of a possible upswing in the market - but you still want to know that your principal is guaranteed.

Learn about about market-linked GICs

Talk to an advisor

If you have any questions about finding the right GIC, reach out to one of our experts. Find an advisor

1All insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage. For further information on deposit insurance, please ask for a brochure at the credit union or visit DICO’s website.


Learn more about GICs

GICs: What they are, how they work, and why you need one
Five reasons to invest with GICs
Everything you need to know about investing in market-linked GICs