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Rates & Fees

Saving Accounts

Business Accounts

  • Special Offers for Business
    Rate Product
    2.90% 3-Year GIC, cashable
    2.40% 1-Year GIC, non-redeemable
    2.10% 1-Year GIC, cashable after 90 days
    2.45%* Business Advantage Plus Boost






    Find out more about our special offers for business here. 

    *Earn up to 2.45% interest for four months on every dollar in your account with BAP Boost. Terms and conditions apply. Learn more about this Special Offer.

Mortgages

  • Variable Rate Mortgages
    Rate Featured Product Get Started
    4.70%   5-Year Open Find a Branch
    3.70% 2.90% 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. 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 3.70%. 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 or has less than 20% equity available based on the appraised home value. 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. 
  • Fixed Rate Mortgages
    Rate Featured Product Get Started
    4.00%   6-Month Convertible Apply Online
    3.04%   1-Year Closed Apply Online
    3.29%   2-Year Closed Apply Online
    3.54%   3-Year Closed Apply Online
    3.89%   4-Year Closed Apply Online
    5.09% 3.59% 5-Year Closed Apply Online
      3.19% 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 3.70%. 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 or has less than 20% equity available based on the appraised home value. 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.
  • 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. 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 3.70%. 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 or has less than 20% equity available based on the appraised home value. 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. 

Lines of Credit

  • Lines
    Rate   Product
    4.20% (LOC PRIME)   Secured/Equity
    5.20% (LOC PRIME + 1.00%)   Student
    Dependant on Credit History and Capacity to repay the loan   Unsecured
    3.70%**   RRSP

    Line of Credit Prime Rate: 4.20%

    **Interest is calculated on a daily balance and charged monthly. Meridian Prime Lending rate: 3.70%. Minimum payment equivalent to monthly interest charged. Some conditions apply. Rates subject to change without notice.     

GICs

  • 18-Month GIC

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

    Rate Product
    2.50% 18-Month GIC
  • Non-Redeemable Short Term GICs

    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 Long Term GICs

    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
  • 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
  • 5 Year Ladder Strategy

    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%. 
  • 3-Year Escalator

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

    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. 
  • U. S. Long Term

    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 
  • 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