1-YEAR CASHABLE GIC
A guaranteed rate with the flexibility to access your money if you need it. Available for non-registered and TFSA accounts.
Flexible investment
Access your money any time, with no penalty. If you hold money in this GIC for 91 days or more, you’ll earn interest for every day that your money is invested.
Low minimum
It’s easy to get started. The minimum investment amount for the 1-year Cashable GIC is just $100. Great for short-term savings.
Safe and secure
Eligible deposits in registered accounts have unlimited coverage by the Financial Services Regulatory Authority of Ontario (FSRA). The FSRA insures eligible deposits in non-registered accounts up to $250,000.
Non-registered GIC
Tax Free Savings Account
Rates
A fully cashable investment with a simple, flat redemption rate
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.
| 1-year Cashable GIC | 3.00% |
| 1-year Cashable TFSA GIC | 3.00% |
| Redemption rates based on time invested: | |
| 0-90 days | 0.00% |
| 91-365 | 3.00% |
Mobile app
“I really enjoy how simple the app is. It’s easy get help and I get to do all my banking straight from my phone.”
Meridian Member
Open in the app
Open your GIC investments easily, right in the mobile app.
Go paperless
Keep track of your account activity with monthly eStatements
Member benefits
Explore the app and discover what Meridian has to offer Members.
Around here, opening a GIC investment is simple
1
Complete your Member application online
2
Sign in using online banking or the mobile app
3
Fund your investment using one of the available options