5-YEAR ESCALATOR GIC
A flexible, 5-year tiered-rate GIC with rates that increase each year. Available for TFSA, RRSP, or RRIF plans.
Flexibility
A flexible, longer-term, tiered-rate GIC with rates that increase each year. Access to your funds annually.
Low minimum
It’s easy to get started. The minimum investment amount for the 5-year Escalator GIC is just $100. Great for long-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.
Tax Free Savings Account
Registered Retirement Savings Plan
Registered Retirement Income Fund
Rates
Tiered rates that increase each year
Increase your earnings the longer your hold your 5-year Escalator GIC
| Year 1 | 3.70% |
|---|---|
| Year 2 | 3.90% |
| Year 3 | 4.10% |
| Year 4 | 4.30% |
| Year 5 | 5.00% |
| Yield | 4.20% |
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