Business banking interest rates

¹Interest rates are subject to change without notice and are annualized rates, with interest calculated daily and paid monthly.

²GIC interest rates expressed are annual interest rates and current as of today’s date. Rates are subject to change without notice. Interest is calculated and accrued daily. Interest is paid at maturity unless otherwise specified. This does not apply to Market-Linked GICs.

³U.S. dollar deposits are not covered by the Financial Services Regulatory Authority (FSRA).

⁴Meridian will redeem a cashable term deposit prior to the maturity date. No interest is payable when it is redeemed within the first 90 days. Redemptions after 90 days of the investment’s start date are not subject to an early redemption fee. Interest will be paid to the date of redemption as stated by the predetermined tiered interest rate. Redemptions are only allowed on the full amount of the investment.

⁵Meridian will redeem a redeemable term deposit prior to the maturity date. No interest is paid when redeemed within the first 30 days. Redemptions after 30 days of the investment’s start date are subject to an early redemption fee equal to 1/3rd of all interest paid and payable from the start of the term to the effective date of the redemption request. Redemptions are only allowed on the full amount of the investment. All interest paid and payable is treated as taxable income. Early redemption fee does not reduce amount of taxable interest.

Deposit Insurance: Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). For more information, visit the FSRA website.