Current Rates - March 11, 2010

Listing of interest rates currently in effect at Meridian.
Note: Rates subject to change without notice. For more information contact your local branch.

Feature Rates =


GIC Investments

Long Term
(also available for RRSP, RRIF & TFSA)
minimum deposit $500 Non Redeemable
1 Year
1.10%
2 Years
1.50%
3 Years
2.10%
4 Years
2.40%
5 Years
2.80%



Guaranteed Savings Certificates
(also available for RRSP & RRIF)
minimum deposit $5,000
Non Redeemable
30 Day
0.20%
60 Day
0.20%
90 Day
0.20%
180 Day
0.25%
270 Day
0.25%


Short Term Certificates
minimum deposit $5,000
Redeemable
30 Day
0.20%
60 Day
0.20%
90 Day
0.20%
180 Day
0.25%
270 Day
0.25%




U.S. Term Investments


U. S. Long Term
minimum deposit $5,000 Non-Redeemable
1 Year
.50%
2 Years
.80%
3 Years
1.30%
4 Years
1.35%
5 Years
1.50%



U.S. Short Term
minimum deposit $5,000
Redeemable
30 Day
0.05%
60 Day
0.05%
90 Day
0.15%
180 Day
0.30%
270 Day
0.35%



Escalators


3 Year Escalator
(also available in RRSP, RRIF and TFSA)

minimum deposit $500 Redeemable*
1 Year
1.00%
2 Years
1.50%
3 Years
4.50%
* Redeemable on each anniversary date and 30 days thereafter.



5 Year Escalator
(RRSP, RRIF and TFSA ONLY)

minimum deposit $500 Convertible
1 Year
1.00%
2 Years
2.25%
3 Years
2.75%
4 Years
3.25%
5 Years
6.00%
* Not available to Business Members


Accounts



Advantage Savings Account

Personal
0.75%
TFSA 1.00%*
RRSPs
0.75%*
RRIFs
0.75%
Business $0 – 5,000.00
0.00%
  $5,000.01 +  
0.50%
* pays double interest from January 1 to March 31, 2010

 

Business Advantage Plus Account
Canadian Dollar Minimum $100,000
1.25%
U.S. Dollar Minimum $100,000
0.65%

 

Registered Education Savings Plan
RESP Account
2.75%




U.S. Chequing/Savings Account

$0 - $4,999
0.05%
$5,000 - $24,999
0.10%
$50,000 - $99,000
0.25%
$100,000
0.25%




Retail Lending


Lines of Credit
Equity
Secured
Student
LOC PRIME
LOC PRIME
LOC PRIME + 1.00%
Unsecured
Dependant on Credit History
and Capacity to repay the loan
Line of Credit Prime Rate: 3.50%



Variable Rate Mortgages

5 Year Open
PRIME + 1.00%
5 Year Closed
1.95%
(120 Day Rate Guarantee)
Meridian Prime Rate: 2.25%




Open Rate Mortgages

6 Month Open
6.55%
1 Year Open
6.55%




Feature Closed Fixed Rate Mortgages
4 Year Closed
3.69%
Better Than Market™ Mortgage
5 Year Closed
3.74%
7 Year Closed
5.20%
10 Year Closed
5.45%

Builder's pricing applies to posted rates, not to promotional or special rates.



Closed Fixed Rate Mortgages
6 Month Convertible
4.65%
1 Year Closed
3.60%
2 Year Closed
3.75%
3 Year Closed
4.25%
4 Year Closed
4.94%
5 Year Closed
5.25%
7 Year Closed
6.60%
10 Year Closed
6.70%

* For commercial mortgage rates, please speak to your Business Account Manager.    Builder's pricing applies to posted rates, not to promotional or special rates.



 

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Mobile Mortgage Specialists


Serving the Niagara region are Meridian's Mobile Mortgage Specialists - Chris Bourke and Anthony Timpano.

When time is tight and you can't make it to a branch, Chris or Anthony are available 24 hours a day, 7 days a week and will come directly to your home to help meet your mortgage needs.

Chris Bourke
(905) 984-0908

Anthony Timpano
(905) 931-9720