GIC rates and options from Meridian
Guaranteed, low risk investing
How GIC interest rates work
GICs usually pay out interest annually or at maturity, though some pay it on a more frequent schedule. Usually, interest is added to the balance of the GIC so it can compound and keep earning more. For example, if you buy a 5-year GIC at a rate of 4.5%, you’ll earn 4.5% for each of the 5 years. You can ask that interest be paid out to you each year in cash, or you can have your interest added back to the principal each year. This is called compounding.
Featured GIC offers
Explore our most popular GICs. With great rates and flexible terms, GICs are a great way to build your investment portfolio.
A Meridian GIC is an investment in the community
Did you know that when you buy a Meridian GIC, you’re also giving back to underserved communities across the province?
Unlike some of the larger financial institutions, we don’t have public shareholders. This means that more of our profits go toward product innovation and community initiatives.
In 2021, Meridian supported over 400 not-for-profit partners. From housing accessibility to financial literacy, we’re continuously working to enhance the lives of our Members and the communities we serve.
DISCOVER MERIDIAN IN THE COMMUNITY