Rates & Fees

 

Rate	Product	Get Started
1.50%	High Interest Savings**	Open Online
3.25%	TFSA High Interest Savings*	Open Online
3.25%	RRSP High Interest Savings*	Open Online
1.50%	RRIF High Interest Savings	Find a Branch

Earn 3.25% interest for 4 months* on your first registered (TFSA or RRSP) High Interest Savings Account, and our always competitive posted rate of 1.50% thereafter. Terms and Conditions apply.

**Receive $100 and earn a market-leading rate of 1.50% when you open a Good To Grow High Interest Savings Account online or at any of our Meridian branches and make a minimum deposit of $1,000. Terms and Conditions apply.

For information on all account and service fees, see: 
Meridian Personal Accounts and Services (PDF)

Rate	Product
0.10%	Personal
0.50%	Tax-Free Savings Account (TFSA)
0.20%	RRSPs
0.20%	RRIFs

For information on all account and service fees, see: 
Meridian Personal Accounts and Services (PDF)

Rate	Product
2.35%	RESP Account

Rate	Product
0.05%	$0 - $4,999
0.10%	$5,000 - $24,999
0.15%	$25,000 - $49,999
0.15%	$50,000 - $99,999
0.15%	$100,000

For information on all account and service fees, see: 
Meridian Personal Accounts and Services (PDF)

Rate	Product
1.60%	Canadian Dollar (Closing Daily Balance > $1,000,000)
1.50%	Canadian Dollar (Closing Daily Balance $100,000-$999,999)
1.40%	Canadian Dollar (Closing Daily Balance < $100,000)
0.15%	U.S. Dollar (Minimum $100,000)

For information on all Business account and service fees, see:
Meridian Small Business Accounts and Services (PDF)
Meridian Business (Commercial) Accounts and Services (PDF)

Rate	Product
0.20%	Business Advantage Savings Account ($5,000.01+)

Learn more about our Business Advantage Savings Account.

For information on all Business account and service fees, see:
Meridian Small Business Accounts and Services (PDF)
Meridian Business (Commercial) Accounts and Services (PDF)

Rate	Product
0.85%	AgriInvest Account

Learn more about our AgriInvest Account.

For information on all Business account and service fees, see:
Meridian Small Business Accounts and Services (PDF)
Meridian Business (Commercial) Accounts and Services (PDF)

Rate	Product
2.90%	3-Year GIC, cashable
2.90%	1-Year GIC, non-redeemable
2.10%	1-Year GIC, cashable after 90 days
3.25%	18-Month GIC, non-redeemable

Find out more about our special offers for business here. 

Rate	Featured	Product	Get Started
4.95%		5-Year Open	Find a Branch
3.95%	3.15%	5-Year Closed	Apply Online
	2.90%	5-Year Closed - High Ratio	Apply Online

O.A.C Rates are subject to change without notice. Quoted rate is based on blended payments of principal and interest and is the regulatory Annual Percentage Rate if there is no cost of borrowing other than interest. Interest is calculated half-yearly, not in advance. Additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. The interest rate with variable rate mortgages will fluctuate with Meridian Prime Rate, which is currently 3.95%. A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Where applicable, the Bank of Canada qualifying rate is 5.34%. Builder's pricing applies to posted rates, not to promotional or special rates. For commercial mortgage rates, please speak to your Commercial Relationship Manager. 

Rate	Featured	Product	Get Started
4.00%		6-Month Convertible	Apply Online
3.24%		1-Year Closed	Apply Online
3.49%		2-Year Closed	Apply Online
3.74%		3-Year Closed	Apply Online
3.89%		4-Year Closed	Apply Online
5.29%	3.69%	5-Year Closed	Apply Online
	3.39%	5-Year Closed - High Ratio	Apply Online
5.65%		7-Year Closed	Apply Online
6.05%		10-Year Closed	Apply Online

O.A.C Rates are subject to change without notice. Quoted rate is based on blended payments of principal and interest and is the regulatory Annual Percentage Rate if there is no cost of borrowing other than interest. Interest is calculated half-yearly, not in advance. Additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. The interest rate with variable rate mortgages will fluctuate with Meridian Prime Rate, which is currently 3.95%. A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Where applicable, the Bank of Canada qualifying rate is 5.34%. Builder's pricing applies to posted rates, not to promotional or special rates. For commercial mortgage rates, please speak to your Commercial Relationship Manager.

Rate	Product	Get Started
6.30%	1-Year Open	Apply Online

O.A.C Rates are subject to change without notice. Quoted rate is based on blended payments of principal and interest and is the regulatory Annual Percentage Rate if there is no cost of borrowing other than interest. Interest is calculated half-yearly, not in advance. Additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. The interest rate with variable rate mortgages will fluctuate with Meridian Prime Rate, which is currently 3.95%. A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Where applicable, the Bank of Canada qualifying rate is 5.34%. Builder's pricing applies to posted rates, not to promotional or special rates. For commercial mortgage rates, please speak to your Commercial Relationship Manager. 

Rate	Product	Get Started
4.45% (LOC PRIME)	Secured/Equity	Apply Online

 

Rate		Product
5.45% (LOC PRIME + 1.00%)		Student
Dependant on Credit History and Capacity to repay the loan		Unsecured
3.95%**		RRSP

Line of Credit Prime Rate: 4.45%

**Interest is calculated on a daily balance and charged monthly. Meridian Prime Lending rate: 3.95%. Minimum payment equivalent to monthly interest charged. Some conditions apply. Rates subject to change without notice. 

Available in Non-Registered and RRSP & TFSA. Minimum $100 Deposit.

Rate	Product
3.25%	18-Month GIC

Available in Non-Registered and RRSP, RRIF & TFSA. Minimum $100 Deposit.

Rate	Product
2.00%	1 Year
2.15%	2 Year
3.45%	3 Year
2.35%	4 Year
2.60%	5 Year

 

Available in Non-Registered and RRSP, RRIF & TFSA. Minimum Deposit of $5,000 for Non-Registered and $2,500 for RRSP & RRIF

Rate	Product
0.45%	30 Days
0.55%	60 Days
0.65%	90 Days
0.70%	180 Days
0.80%	270 Days

Available in Non-Registered and TFSA. Minimum $100 Deposit.

Rate	Product
1.25%	1 Year
1.40%	2 Year
1.45%	3 Year
1.60%	4 Year
1.85%	5 Year

Minimum $2500 Deposit - Non-Registered only

Rate	Product
0.05%	30 Days
0.15%	60 Days
0.25%	90 Days
0.30%	180 Days
0.40%	270 Days

Available for Non-Registered and RRSP, RRIF & TFSA. Non-redeemable. Minimum $500 Deposit.

Rate	Bonus Rate*	Year
2.00%	2.35%	Year 1
2.15%	2.60%	Year 2
2.20%	2.80%	Year 3
2.35%	2.95%	Year 4
2.60%	3.20%	Year 5
Average Rate 2.26%**	Average Rate 2.78%**

*Laddered GIC Strategy Bonus Rates are the interest rates earned when the investment principal is equally distributed across each of the 1 to 5 Year GICs. 

**The Average Rate is calculated by taking the average of the rates for each of the GICs, for example; 1 Year GIC at 2.00%, 2 Year GIC at 2.15%, 3 Year GIC at 2.20%, 4 Year GIC at 2.35%, 5 Year GIC at 2.60% equals an Average Rate of 2.26%. 

Available for RRSP, RRIF & TFSA. 3-Year Escalators are redeemable. Minimum $100 deposit.

Rate	Year
2.00%	Year 1
3.00%	Year 2
4.00%	Year 3
3.00%	Yield

* Redeemable on each anniversary date of each year and 30 days thereafter. Rates subject to change without notice. 

Available for RRSP, RRIF and TFSA. Non-redeemable. Minimum $100 deposit.

Rate	Year
2.25%	Year 1
2.40%	Year 2
2.45%	Year 3
2.60%	Year 4
2.85%	Year 5
2.51%	Yield

* Not available to Business Members. Can be converted to another non-redeemable long-term product on each anniversary date without penalty. Rates subject to change without notice. 

Non-redeemable, Minimum $5000 deposit, Compounded Annually

Rate	Product
0.30%	1 Year
0.50%	2 Year
0.80%	3 Year
1.00%	4 Year
1.25%	5 Year

Redeemable, Minimum $5000 deposit

Rate	Product
0.05%	30 Days
0.05%	60 Days
0.15%	90 Days
0.30%	180 Days
0.35%	270 Days

Index-Linked GIC Sales Period Details (PDF)
Rates valid from November 27, 2018 to January 25, 2019

The accounts shown are no longer offered. This information is for existing account holders only.

Power Savings

Rate	Balance Tiers
0.05%	$0 - $4,999
0.10%	$5,000 - $24,999
0.10%	$25,000 - $49,999
0.10%	$50,000 - $99,999
0.10%	$100,000+

Plan 24

Rate	Balance Tiers
0.05%	$0 - $4,999
0.05%	$5,000 - $24,999
0.05%	$25,000 - $49,999
0.05%	$50,000 - $99,999
0.05%	$100,000+

*Plan 24 Senior Accounts earn an additional 25 bps interest.