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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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. |
|
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
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