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Savings account

Meridian

Meridian Advantage Savings Account

2.45/5 our rating

Open account

Opens Meridian's website

Interest rate
Up to 0.4%
Monthly fee
$0

Overview

A basic savings account for Meridian members, with rates that depend on whether you hold it as a regular, TFSA, RRSP or RRIF account. The rates are modest, so it mainly makes sense for keeping savings next to your Meridian chequing. If earning interest is the goal, you'll find much better rates elsewhere.

Interest rates

  • Non-registered

    0.05%

  • Tax-Free Savings Account (TFSA)

    0.4%

  • Registered Retirement Savings Plan (RRSP)

    0.1%

  • Registered Retirement Income Fund (RRIF)

    0.1%

Fees

Account fees

Monthly fee

$0

eStatement

Included

Highlights

  • Earn up to 0.45% in interest depending on the account type
  • 1 no-cost self-serve transaction1 each month
  • 1 free in-branch transaction2 per month
  • Additional transactions cost $1.25 each (no charge if your account balance is above $50,000)
  • Available for non-registered accounts, TFSAs, RRSPs and RRIFs
  • No minimum balance needed
  • $1.00 per Interac e-Transfer in non-registered accounts

1Self-serve transactions - Includes bill payments via: Online, In-Branch, Mobile or Telephone Banking and ATMs, Interac® Direct Payment purchases, pre-authorized debit, and ATM withdrawals. US Dollar chequing account self-serve transactions limited to transfers between accounts via Online, In-Branch, Mobile, & Telephone Banking and payments to Meridian US VISA credit cards (transaction fee not charged for payments to Meridian US VISA credit cards from Meridian USD accounts). Bill payments and pre-authorized debit transactions are not available on Savings accounts. Personal service transactions include all in-branch withdrawals, transfers, bill payments and Contact Centre for transfers and bill payments.

2Account fees, rates and services subject to change without notice. HST included.

®THE EXCHANGE Network, Allpoint and ACCEL are registered trademarks of Fiserv, Inc., licensed for use in Canada by FICANEX Services Limited Partnership.

Interac Flash®, Interac Debit® and Interac e-Transfers® Trade-marks of Interac Corp. Used under license.

®Cirrus is a registered trademark of MasterCard International Incorporated. Used under license.

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 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).

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

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.