GIC rates and options from Meridian
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.