Skip to main content

Raise the Rate GIC

A GIC like no other. Now you have the power to raise your rate.

What is a Raise the Rate GIC?

The Raise the Rate GIC is an innovative guaranteed investment that lets you increase your interest rate before your term is up. If interest rates rise over the course of your GIC term, you can increase your return by raising the rate on your GIC. 

Take control of your investments and increase your return by raising your rate to match the best GIC offering from Meridian. Plus, get added flexibility by choosing from 3- or 5-year terms.

2 yellow and green arrows moving towards right
Flexible terms and options
Choose a 3- or 5-year Raise the Rate option. Available for non-registered accounts, and for RRSP, TFSA, and RRIF plans.
Some dollar notes and a blue arrow moving anti-clockwise
Guaranteed returns
Raise the rate GICs are safe and totally secure. Both your initial investment and your return are guaranteed.
An open yellow colored lock
No locked-in rates
Invest without locking into a rate. Start with a competitive rate, and if our rates go up, you can “rate match” and increase your return.

How it works

Purchase a 3- or 5-year Raise the Rate GIC at the current, competitive rate. Then, if interest rates on comparable Meridian GICs increase, you can increase the rate on your GIC. Raise your rate online, at any Meridian branch, or by calling the Contact Centre. If you’re registered for Online Banking, you’ll get a notification to let you know when you’re eligible for a rate increase.

Choose the GIC option that works for you

3-year Raise the Rate GIC

A woman kayaking on a lake
Earn 4.25% on a 3-year Raise the Rate GIC

Rate match against an applicable Meridian GIC once over the course of your 3-year term. Applicable GICs include:

  • 3-year Raise the Rate GIC
  • 3-year Fixed Rate GIC
  • 3-year Escalator GIC (effective yield to maturity) for registered products only

New to Meridian? Choose your 3-year Raise the Rate GIC

Non-registered GIC
A non-registered 3-year Raise the GIC that is not part of a registered account like an RRSP, a TFSA, or a RRIF. Interest earned is taxable.
Open a GIC
RRSP GIC
A 3-year Raise the rate GIC that lives inside your RRSP account. Interest income is not taxed until it’s withdrawn from the RRSP.
Open an RRSP GIC
TFSA GIC
A 3-year Raise the Rate GIC that lives inside your TFSA. Interest income is not taxed. Withdrawals from your TFSA are also not taxed.
Open a TFSA GIC

5-year Raise the Rate GIC

A man carrying his toddler son on his shoulders and a woman walking beside them
Earn 4.45% on a 5-year Raise the Rate GIC

Rate match against an applicable Meridian GIC twice over the course of your 5-year term. Applicable GICs include:

  • 5-year Raise the Rate GIC
  • 5-year Fixed Rate GIC
  • 5-year Escalator GIC (effective yield to maturity) for registered products only

New to Meridian? Choose your 5-year Raise the Rate GIC

Non-registered GIC
A non-registered 5-year Raise the GIC that is not part of a registered account like an RRSP, a TFSA or a RRIF. Interest earned is taxable.
Open a GIC
RRSP GIC
A 5-year Raise the rate GIC that lives inside your RRSP account. Interest income is not taxed until it is withdrawn from the RRSP.
Open an RRSP GIC
TFSA GIC
A 5-year Raise the Rate GIC that lives inside your TFSA. Interest income is not taxed. Withdrawals from your TFSA are also not taxed.
Open a TFSA GIC

Already a Member?

Meridian Members can purchase GICs online. Simply sign in, select add an account, and choose the GIC you would like to purchase.

SIGN IN AND BUY A GIC

Frequently asked questions about Raise the Rate GICs

Questions? There are plenty of ways to get in touch.