About Meridian Credit Union
Meridian Credit Union is Ontario's largest credit union, formed April 1, 2005 by the merger of Niagara Credit Union and HEPCOE Credit Union (and merged with Desjardins Credit Union of Ontario in 2011). Member-owned, it serves roughly 378,000 members through about 88 branches with personal, business and wealth services, and holds about $27.5B in assets. Its subsidiary Motusbank operated as a national digital bank.
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Access: Membership required · Open common bond
Eligible provinces: Ontario
How to join: Open an account (online or in-branch) and fund a small membership share to become a member-owner.
Deposit protection: Financial Services Regulatory Authority of Ontario
prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019
Current top rates
rates confirmed as of 2026-10-15| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.30% |
| 2-year GIC | 3.70% |
| 3-year GIC | 4.00% |
| 4-year GIC | 4.00% |
| 5-year GIC | 4.10% |
Base ladder rates. Institution may have more term rates below.
GIC rate history
Best historical posted GIC rate by term
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Term deposit rates
Highlighted rows are promo rates— not stated on siterates confirmed as of 2026-10-15Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 30 days | Non-regRRSPRRIFTFSA | N | Daily | At maturity | $100+ | 2.00% |
| 60 days | Non-regRRSPRRIFTFSA | N | Daily | At maturity | $100+ | 2.15% |
| 90 days | Non-regRRSPRRIFTFSA | N | Daily | At maturity | $100+ | 2.40% |
| 180 days | Non-regRRSPRRIFTFSA | N | Daily | At maturity | $100+ | 2.60% |
| 270 days | Non-regRRSPRRIFTFSA | N | Daily | At maturity | $100+ | 2.70% |
| Long-term — 1 year + | ||||||
| 91 – 365 days | Non-regTFSA | cashable | — | At maturity | $100+ | 2.85% |
| 1 year | Non-regRRSPRRIFTFSAFHSA | N | Daily | At maturity | $100+ | 3.30% |
| 18 months | Non-reg | N | — | At maturity | — | 3.70% |
| 18 months | Non-regRRSPRRIFTFSAFHSA | N | Daily | At maturity | $100+ | 3.45% |
| 2 years | Non-regRRSPRRIFTFSAFHSA | N | Daily | At maturity | $100+ | 3.70% |
| 3 years | Non-reg | N | — | At maturity | — | 4.00% |
| 3 years | Non-regRRSPRRIFTFSAFHSA | N | Daily | At maturity | $100+ | 4.00% |
| 4 years | Non-regRRSPRRIFTFSAFHSA | N | Daily | At maturity | $100+ | 4.00% |
| 5 years | Non-reg | N | — | At maturity | — | 4.10% |
| 5 years | Non-regRRSPRRIFTFSAFHSA | N | Daily | At maturity | $100+ | 4.10% |
| Raise the Rate GICsNon-redeemable · paid at maturity · $100 minimum | ||||||
| 3 years | Non-regRRSPRRIFTFSA | N | — | At maturity | $100+ | 3.90% |
| 5 years | Non-regRRSPRRIFTFSA | N | — | At maturity | $100+ | 4.00% |
| U.S. dollar — all terms | ||||||
| 30 days | Non-reg | Y | — | At maturity | $5k+ | 2.80% |
| 60 days | Non-reg | Y | — | At maturity | $5k+ | 2.90% |
| 90 days | Non-reg | Y | — | At maturity | $5k+ | 3.00% |
| 180 days | Non-reg | Y | — | At maturity | $5k+ | 3.15% |
| 270 days | Non-reg | Y | — | At maturity | $5k+ | 3.15% |
| 1 year | Non-reg | N | — | At maturity | $100+ | 4.25% |
| 2 years | Non-reg | N | — | At maturity | $100+ | 4.45% |
| 3 years | Non-reg | N | — | At maturity | $100+ | 4.50% |
| 4 years | Non-reg | N | — | At maturity | $100+ | 4.45% |
| 5 years | Non-reg | N | — | At maturity | $100+ | 4.50% |
No rates match these filters.
Escalator GICs
rates confirmed as of 2026-10-15The rate rises each year of the term. Yield is the effective annual yield the institution prints.
| Product | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yield |
|---|---|---|---|---|---|---|
| 3-year escalators | ||||||
| 3-Year Escalator GIC3 years · min $100RRSPRRIFTFSA | 3.60% | 4.00% | 4.40% | — | — | 4.00% |
| 5-year escalators | ||||||
| 5-Year Escalator GIC5 years · min $100RRSPRRIFTFSA | 3.60% | 3.80% | 4.00% | 4.20% | 4.90% | 4.10% |
Savings & chequing rates
rates confirmed as of 2026-10-15Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| HISA | High Interest Savings Account (HISA)Promo | Daily | Monthly | — | 4.40% |
| Savings | Advantage Savings Account - Savings | — | — | — | 0.05% |
| HISA | High Interest Savings Account (HISA) | Daily | Monthly | — | 0.85% |
| USD | US Dollar Savings AccountUS$ | — | — | $0 | 0.03% |
| USD | US Dollar Savings AccountUS$ | — | — | $5,000 | 0.05% |
| USD | US Dollar Savings AccountUS$ | — | — | $25,000 | 0.10% |
| RRSP | |||||
| RRSP | RRSP High Interest SavingsPromo | Daily | Monthly | — | 4.40% |
| RRSP | Advantage Savings Account - RRSP | — | — | — | 0.10% |
| RRSP | RRSP High Interest Savings | Daily | Monthly | — | 0.85% |
| RESP | |||||
| RESP | RESP Account | — | — | — | 3.85% |
| RRIF | |||||
| RRIF | RRIF High Interest SavingsPromo | Daily | Monthly | — | 4.40% |
| RRIF | Advantage Savings Account - RRIF | — | — | — | 0.10% |
| RRIF | RRIF High Interest Savings | Daily | Monthly | — | 0.85% |
| TFSA | |||||
| TFSA | TFSA High Interest SavingsPromo | Daily | Monthly | — | 4.40% |
| TFSA | Advantage Savings Account - TFSA | — | — | — | 0.40% |
| TFSA | TFSA High Interest Savings | Daily | Monthly | — | 0.85% |
| FHSA | |||||
| FHSA | First home Savings Account | Daily | Monthly | — | 2.75% |
No rates match these filters.
Mortgage rates
Highlighted rows are promo ratesrates confirmed as of 2026-10-15Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Open | No | 8.00% |
| 1-year | Fixed | Closed | No | 6.09% |
| 2-year | Fixed | Closed | No | 5.74% |
| 3-year | Fixed | Closed | No | 4.49% |
| 3-year | Fixed | Closed | No | 6.54% |
| 4-year | Fixed | Closed | No | 4.29% |
| 4-year | Fixed | Closed | No | 6.19% |
| 5-year | Fixed | Closed | No | 4.74% |
| 5-year | Fixed | Closed | No | 6.49% |
| 7-year | Fixed | Closed | No | 6.89% |
| 10-year | Fixed | Closed | No | 6.99% |
| 6-month | Fixed | Convertible | No | 7.84% |
| 5-year | Variable | Open | No | 6.45%Prime + 2.00% |
| 5-year | Variable | Closed | No | 3.64%Prime − 0.81% |
| 3-year | Fixed | Closed | Yes | 4.34% |
| 5-year | Fixed | Closed | Yes | 4.59% |
| 5-year | Variable | Closed | Yes | 3.44%Prime − 1.01% |
No mortgage rates match these filters.
Home equity line of credit
| Product | Posted rate |
|---|---|
| Flex Line Mortgage / HELOC | 4.95%Prime + 0.50% |
| Secured/Home Equity Line of Credit (HELOC) | 4.95% |
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