Business Advantage Savings account
Business Advantage Savings Account
Get unlimited transfers and earn interest on balances over $5,000
0.50%
Earn interest on balances over $5,000
Unlimited transfers
Plus, 2 included personal service transactions per month
$0 Monthly fee
Plus, quarterly statements included
Manage your accounts easily with online business banking.
Bank conveniently in person at one of our branches or ATMs.
Bank over the phone with a member of our Contact Centre team.
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 | 0.50% on balances over $5,000 |
|---|---|
| Monthly fee | $0 |
| Personal service transactions3 | 2 personal service transactions included per month. $5 per additional transaction. $100,000 Minimum monthly balance to waive transaction fees. |
| Self-serve transactions4 | $5 per self-serve transaction. $100,000 Minimum monthly balance to waive transaction fees. |
| Deposits5 | 85¢ each |
| Transfers6 | Unlimited |
| Statements | Quarterly paper statements included. |
1 Account fees and services subject to change without notice. HST included.
2 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 in the same currency as the account.
3 Personal service transactions – includes all in-branch withdrawals and transfers, bill payments, and Contact Centre bill payments.
4 Self-serve transactions - includes bill payments via: Online Banking, Telephone Banking and ATMs, Interac Direct Payment® purchase, pre-authorized debits and ATM withdrawals.
5 Deposits - includes deposits made in-branch, at a Meridian ATM, and via pre-authorized credit. Deposit content and/or cash and coin limits may apply.
6 Transfers - funds transferred between Meridian accounts completed via ATM, Online Banking or Telephone Banking.
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.