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Rates & Fees

Accounts

Mortgages

  • Variable Rate Mortgages
    Rate Featured Product Get Started
    4.20%   5-Year Open Find a Branch
    3.20% 2.80% 5-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. For commercial mortgage rates, please speak to your Commercial Relationship Manager. Builder's pricing applies to posted rates, not to promotional or special rates.
  • Fixed Rate Mortgages
    Rate Featured Product Get Started
    4.00%   6-Month Convertible Apply Online
    2.84%   1-Year Closed Apply Online
    2.79%   2-Year Closed Apply Online
    3.39%   3-Year Closed Apply Online
    3.89%   4-Year Closed Apply Online
    4.49% 3.15% 5-Year Closed Apply Online
    5.29%   7-Year Closed Apply Online
    5.79%   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. For commercial mortgage rates, please speak to your Commercial Relationship Manager. Builder's pricing applies to posted rates, not to promotional or special rates.
  • Open Fixed Rate Mortgages
    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. For commercial mortgage rates, please speak to your Commercial Relationship Manager. Builder's pricing applies to posted rates, not to promotional or special rates.

Lines of Credit

  • Lines
    Rate   Product
    3.50% (LOC PRIME)   Secured/Equity
    4.50% (LOC PRIME + 1.00%)   Student
    Dependant on Credit History and Capacity to repay the loan   Unsecured
    3.20%**   RRSP

    Line of Credit Prime Rate: 3.50%.
    **Interest is calculated on a daily balance and charged monthly. Meridian Prime Lending rate: 3.20%. Minimum payment equivalent to monthly interest charged. Some conditions apply. Rates subject to change without notice. 

GICs

  • 5 Year Ladder Strategy

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

    Rate Year
    1.60% Year 1
    1.80% Year 2
    2.15% Year 3
    2.35% Year 4
    2.60% Year 5

    Weighted Average First Year = 2.00%
    Yield: 2.10%
  • Non-Redeemable Long Term GIC

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

    Rate Product
    1.25% 1 Year
    1.35% 2 Years
    1.55% 3 Years
    1.75% 4 Years
    2.00% 5 Years
  • Non-Redeemable Short Term GIC

    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
  • Redeemable Short Term GICs

    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

Escalator GICs

  • 3-Year Escalator

    Available for Non-Registered and RRSP, RRIF & TFSA. 3-Year Escalators are redeemable. $100 minimum deposit

    Rate Year
    1.50% Year 1
    2.00% Year 2
    2.50% Year 3
    2.00% Yield
       

    Open your 3-Year Escalator today - Apply Now

    * Redeemable on each anniversary date of each year and 30 days thereafter. Rates subject to change without notice. 
  • 5-Year Escalator

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

    Rate Year
    1.50% Year 1
    1.60% Year 2
    1.90% Year 3
    2.10% Year 4
    2.40% Year 5
    1.90% Yield

    Open your 5-Year Escalator today - Apply Now

    * 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. 

U.S. GICs

  • U. S. Long Term

    Non-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
  • U. S. Short Term

    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 GICs

Grandfathered Accounts

  • Grandfathered Accounts

    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. 


Note: Interest rates shown are subject to change without notice and are on a per annum basis.
Interest is calculated on the closing daily balance and is paid monthly in the same currency as the account for all accounts shown except the RESP account.
Interest on the RESP account is calculated on the minimum monthly balance and paid semi-annually (June and December).

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