Meridian rates and fees

¹Interest 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 on the last day of each month. Interest is calculated on the closing daily balance and is paid monthly in the same currency as the account for all accounts shown except the RESP account. Interest on the RESP account is calculated on the minimum monthly balance and paid semi-annually (June and December).

²U.S. dollar deposits are not covered by the Financial Services Regulatory Authority (FSRA).

³On approved credit, rates are subject to change without notice. Quoted rate is 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, extended amortizations, 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 6.70%. Where applicable, the Bank of Canada qualifying rate is 5.25%. Builder's pricing applies to posted rates, not to promotional or special rates. For commercial mortgage rates, please speak to your Commercial Relationship Manager.

⁴A 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. Refinances, renewals and amortization periods of greater than 25 years are ineligible. 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. Mortgage Rates are applicable to Retail Members Only.

⁵Interest is calculated daily, not in advance, on the outstanding closing balance of the principal sum borrowed and charged monthly. Minimum payment equivalent to monthly interest charged. Additional premiums may apply in instances where application details may warrant it. The Line of Credit interest rate is a variable rate and will fluctuate based on Meridian Prime and LOC Prime. Meridian Prime Lending rate: 6.70%. Meridian LOC Prime Lending rate: 7.20%. Some conditions apply. Rates subject to change without notice.

⁶GIC 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.

⁷Meridian 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.

⁸The 3 Year Escalator is cashable in whole or in part on its anniversary date and 30 days thereafter. At all other times this product is non-redeemable. The 5 Year Escalator is transferrable to a non-redeemable term that is at least one year in length on its anniversary date and 30 days thereafter. At all other times this product is non-redeemable. Available for registered (TFSA/RRSP/RRIF) products only.

⁹Laddered GIC Strategy Bonus Rates are the interest rate earned when the investment principal is equally distributed across each of the 1 to 5 Year GICs. The Average Rate is calculated by taking the average of the rates for each of the GICs, for example; 1 Year GIC at 4.45%, 2 Year GIC at 4.40%, 3 Year GIC at 4.30%, 4 Year GIC at 4.30%, 5 Year GIC at 4.30% equals an Average Rate of 4.35% before 0.10% bonus. The minimum required investment is $100 per GIC; or minimum $500 per total Ladder Strategy.

¹⁰Meridian 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.

¹¹Interest rates are subject to change without notice and are annualized rates, with interest calculated daily and paid monthly.

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.