Meridian Rate Scoop
Here are the latest rate changes from Meridian
Take control of your finances with the latest information on changes to Meridian’s posted rates.
The following rates are changing as of Friday, September 23:
1 Year Cashable GIC
Current Rate: 3.75%
New Rate: 4.10%
1 Year Non-Redeemable GIC
Current Rate: 4.10%
New Rate: 4.30%
18 Month Non-Redeemable GIC
Current Rate: 4.20%
New Rate: 4.40%
2 Year Non-Redeemable GIC
Current Rate: 4.40%
New Rate: 4.45%
GICs:
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).
Non-Redeemable GIC:
GIC 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. The minimum required investment is $100. Applicable to Retail and Business Banking Members.
Cashable GIC:
The 1-year Cashable GIC, if cashed prior to maturity, earns 0.00% if held for 90 days or less, 2.75% if held between 91-180 days, and 3.50% if held for 181-364 days. If held to maturity (1 year), 4.10% interest is earned and paid.
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