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1-year Cashable GIC Investment

Earn 3.00%* with our 1-year Cashable GIC

Flexible savings at a great rate

What is a cashable GIC?

Our 1-year Cashable GIC is a great addition to your investment portfolio. You get a guaranteed great rate plus the flexibility to access to your funds if you need them. It’s the perfect option if you have money to invest, but you’re not sure whether you’ll need it within the year.

Flexible investment

Access your money any time you need it, with no penalty. Plus, it’s available for non-registered and TFSA plans.

Guaranteed returns

With a guaranteed return on the amount you invest, the 1-year Cashable GIC is low-risk and perfect for building a balanced portfolio.

Low minimum investment

With a minimum investment of just $100, it’s easy to make the 1-year Cashable GIC part of your portfolio.

Features and benefits of a 1-year Cashable GIC

If you’re looking for a safe and flexible shorter-term investment, the 1-year Cashable GIC is a great choice. 

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).

Interest is paid at maturity, or when the GIC is cashed out. You earn more interest the longer you keep your money invested. If you withdraw funds within the first 90 days, no interest is paid. 

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This is a great option if:

  • You want a guaranteed return on your investment and the option to cash out at any time.
  • You're considering the 1-Year Cashable GIC as a non-registered investment or for your TFSA.
  • You have a minimum of $100 to invest.


Redemption rates based on time invested:

0-90 days: 0.00%
91-365 days:
1 Year (Full Term)


A more advantageous redemption rate!

Good news! We've changed the formerly tiered interest calculation for our 1-Year Cashable GIC to a simple flat rate after 90 days. This means you’ll earn the stated interest rate immediately instead of waiting a year for it to kick in.

Discover more ways to build financial confidence

Work with a Financial Planner

A Meridian Financial Planner will work with you to determine where you are in your financial journey, and put a personalized plan in place to help you reach your goals. From saving and investing to estate planning, get the advice you need to make smart financial decisions.

Tools for business owners

Ready to crunch some numbers? We’ve got a selection of helpful, interactive tools to help you start your business plan, calculate costs and pricing scenarios, or test your business resilience.


Questions? There are several ways to get in touch