Renew your GIC online
Stay invested when your GIC matures
Your GIC is renewing. Let’s look at your renewal options.
When your GIC matures you have a few different options. You can cash it out and have the funds deposited into your bank account, you can set up instructions for your GIC to renew automatically, or you can reinvest the funds into a different GIC term or product.
If you don’t need the money for another purpose, it makes sense to stay invested so that you keep earning interest and saving for your goals.
We’ll show you how to renew your GIC in online banking and help you choose which investments make the most sense for you. Also, our advisors and financial planners are always available to help if you have questions or need help renewing your GIC.
GIC options: Reinvest and keep earning
With a guaranteed return on the amount you invest, GICs are low-risk and perfect for building a balanced portfolio. Include GICs in your TFSAs and RRSPs to earn tax-free interest and a reliable source of income. We offer a variety of different GIC options for both short and long-term investors. No matter where you are in your investing journey, we can help you find a GIC that works for you.
I want access to my money in the shorter term
I’m ready to invest for a longer period
How to renew your GIC online
Meridian Members can renew GICs online quickly and easily. Simply log in to Online Banking, choose the Wealth & Investments tab, and select the GIC to be renewed. Open the GIC and select an action from the menu. For detailed instructions, review our guide. Learn how to update your GIC online. (PDF, 480 KB)