1Interest 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 on the last day of each month. 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).
2Interest rates are subject to change without notice and are annualized rates, with interest calculated daily and paid monthly.
3O.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 5.19%. Builder's pricing applies to posted rates, not to promotional or special rates. For commercial mortgage rates, please speak to your Commercial Relationship Manager.
4A 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. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Refinances and amortization periods of greater than 25 years are ineligible. Offer may change or be withdrawn at any time without notice. O.A.C. Rates are subject to change without notice. Quoted rates are 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. Where applicable, the Bank of Canada qualifying rate is 5.19%.
5Interest 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.
6Laddered 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 2.25%, 2 Year GIC at 2.15%, 3 Year GIC at 2.60%, 4 Year GIC at 2.35%, 5 Year GIC at 2.60% equals an Average Rate of 2.39%.
7Redeemable on each anniversary date of each year and 30 days thereafter. Rates subject to change without notice.
8Not 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.