Raise the Rate 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.
You can rate match and raise your rate once over the term of the 3-year Raise the Rate GIC and twice over the term of the 5-year Raise the Rate GIC.
You can match your rate against select Meridian GICs with the same term.
For the 3-Year Raise the Rate GIC you can match against the rate for:
3-Year Raise the Rate GIC
3-Year Fixed-Rate GIC
3-Year Escalator GIC (effective yield to maturity) for registered products only
For the 5-Year Raise the Rate GIC you can match against the rate for:
5-Year Raise the Rate GIC
5-Year Fixed-Rate GIC
5-Year Escalator GIC (effective yield to maturity) for registered products only
No. Your term remains the same.
There are a couple of ways to know if it’s a good time to raise your rate.
If you’re registered for Online Banking, you’ll get a notification to let you know when you’re eligible for a rate increase.
Additionally, take control of your rate by monitoring rate changes and requesting an increase when you see a better rate for Meridian GICs. Get advance notice of changes with Rate Scoop.
You can request a rate change three different ways:
It takes two to three business days for the rate to become active. The effective date of the change will be the date you requested it.
Visit a branch to open a Raise the Rate GIC as part of an RRIF plan.