1O.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. Additional premiums may apply in cases of a refinance, amortizations greater than 25 years, 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 2.45%. Where applicable, the Bank of Canada qualifying rate is 4.79%. Builder's pricing applies to posted rates, not to promotional or special rates. For commercial mortgage rates, please speak to your Commercial Relationship Manager.
2Unlimited free transactions include deposits, transfers between accounts via: Branch, Online, Mobile or Telephone Banking, Interac® Direct Payment purchases and withdrawals at Meridian and THE EXCHANGE Network ABMs. High Interest Savings account cannot be used for bill payments or pre-authorized debits.
3Surcharge-free ABM transactions apply to Meridian and THE EXCHANGE® Network ABMs only.
4Rebated at month end. Surcharge may be applied by other financial institutions.
5GIC interest is calculated and compounded at the end of each defined annual period, and paid at maturity.
6A 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, renewals 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 Offer may change or be withdrawn at any time without notice.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 4.79%.
7Eligible 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).
8Redeemable on each anniversary date of each year and 30 days thereafter. Rates subject to change without notice. Not available to Business Members.
®THE EXCHANGE Network is a registered trademark of Fiserv, Inc., licensed for use in Canada by FICANEX Services Limited Partnership.
Interac e-Transfer® Trade-mark of Interac Corp. Used under license.
™Trademarks of Meridian Credit Union Limited. 12/2020