Business Advantage Plus Savings Account
Business Advantage Plus Savings Account
Earn higher interest with a higher balance, plus unlimited online transfers.
Up to 2.50%
Earn interest based on your balance.
Unlimited online transfers
Plus, manage your accounts with online business banking.
$0 Monthly fee
No minimum monthly balance required.
Fees
Account features and fees1
Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
| Interest2 | Tiered, based on closing daily balance |
|---|---|
| Monthly fee | $0 |
| Transactions | N/A |
| Deposits | N/A |
| Transfers3 | Unlimited online transfers |
| Statements | Online monthly statements included |
1Account fees and services subject to change without notice. HST included.
2Interest 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 in the same currency as the account.
3Transfers - funds transferred between Meridian accounts completed via Online Banking.
Interest rates
No minimum balance required: start earning as soon as you have a dollar in your account. As your balance grows, so does the interest you can earn.
Your money earns interest on the full balance. Both your principal and the return rates are guaranteed.
| Rate | Closing daily account balance (CAD) |
|---|---|
| 2.50% | $5M+ |
| 2.15% | $500,000 to $4,999,999 |
| 1.65% | $0 to $499,999 |
| Rate | Closing daily account balance (USD) |
|---|---|
| 3.75% | $2M+ |
| 3.45% | $1M to $2M |
| 2.45% | $100,000 to $1M |
| 1.45% | $0 to $100,000 |
Get started
How can I open an account?
You can open this account online if you meet the eligibility requirements.
- Find out what documents you need to open any kind of business account with Meridian, including acceptable forms of identification. Use our checklist.
- Need help or want more info? We're always happy to help! Contact us.
- You can also open an account at a branch.