Sorry, this offer has expired. Set up a deal alert and get notified of future deals like this. Add a Deal Alert

Expired Hot Deals

Sorry, this offer has expired.
Set up a deal alert and get notified of future deals like this.
Set up a Deal Alert
Meridian Credit Union

GIC 2.75% 90 days

  • Last Updated:
  • Sep 16th, 2017 1:13 pm
[OP]
Member
May 7, 2016
483 posts
417 upvotes

GIC 2.75% 90 days

Retailer:
Meridian Credit Union
I was tired of dealing with the big banks, their endless fees and poor customer service, and recently moved to Meridian. I got a massive welcome bonus, I only have to keep a minimum of $1,000 in my chequing account to avoid fees, I get 1.40% in my savings and they called me today to offer me a GIC at 2.75% for 90 days.
60 replies
Jr. Member
Jul 5, 2017
180 posts
133 upvotes
Targeted offer I think? Didn't see anything and I have an account with them.
Deal Addict
May 26, 2011
1229 posts
909 upvotes
ovaltene wrote: Targeted offer I think? Didn't see anything and I have an account with them.
No, it's on their web site.

The T&C doesn't say anything about being a new customer or not, it only applies to new deposit, however.
https://www.meridiancu.ca//Meridian/med ... 017_TC.pdf

Although getting locked in for 90 days, I believe this is the best rate now AFAIK.

I was going for it, but I have a feeling another BOC rate hike may be happening within 90 days, and Tangerine, etc may come up with a better promo. Thanks OP.
Freedom mobile, airbnb, AMEX, Great Canadian Rebates (GCR), Ebates, Top Cash Back, Groupon, Livingsocial, Doordash, SkipTheDishes, Checkout 51, Drop, Stack, Wise, Questrade, EQ, Achieva, PayTM, Simplii and Tangerine customer.
Jr. Member
Aug 5, 2013
138 posts
102 upvotes
Next rate hike would likely be towards end of the 90 days. Rate is good but if you can't tax shelter the income what's the point?
Jr. Member
Aug 5, 2013
138 posts
102 upvotes
I think this is not covered by cdic
Member
User avatar
May 27, 2017
290 posts
315 upvotes
Calgary, AB
cebowler wrote: I think this is not covered by cdic
It's insured. Deposits are insured up to $100,000 (unlimited for registered)
4 x Telus SMB Unlimited 15 - $33.5/Line (first 2 years), $45/Line (after 2 years)
Deal Addict
Mar 8, 2013
2812 posts
1487 upvotes
cebowler wrote: Next rate hike would likely be towards end of the 90 days. Rate is good but if you can't tax shelter the income what's the point?
according to the link above, includes tax sheltered:
"Available for non-registered, TFSA, RRSP and RRIF plan types"
Deal Addict
User avatar
Apr 30, 2009
2561 posts
735 upvotes
Ottawa
pardon my ignorance, i am complete noob in all matters related to investments.
if, for example, i park $100.000 there for 90 days, how much can i expect to get back? can i take all the money out once 90 days are over?

thank you
IT Services provider in Ottawa area.
Deal Addict
Mar 15, 2010
1236 posts
1804 upvotes
Toronto
golden_m wrote: pardon my ignorance, i am complete noob in all matters related to investments.
if, for example, i park $100.000 there for 90 days, how much can i expect to get back? can i take all the money out once 90 days are over?



thank you
100,000 x 2.75% /12 x 3
Member
Jan 20, 2007
474 posts
129 upvotes
Niagara
DealOrNoDeal55 wrote: 100,000 x 2.75% /12 x 3
((100,000 * .0275)/365)*90 would be more accurate

And if outside rrsp or tfsa you'll pay your marginal tax rate on the income.
God always forgives. Man often forgives. Nature never forgives.
Deal Addict
Mar 15, 2010
1236 posts
1804 upvotes
Toronto
ancodia wrote: ((100,000 * .0275)/365)*90 would be more accurate

And if outside rrsp or tfsa you'll pay your marginal tax rate on the income.
Haha you're right. As someone who deals with numbers daily I should have used that method, especially since this is RFD and people dont want estimates they want to know to the last cent lol
[OP]
Member
May 7, 2016
483 posts
417 upvotes
If you are bringing $100,000, speak with the Branch Manager. He or she will be VERY happy to have you as a customer and will offer you great conditions (in my case, almost $1,000 as welcome bonus)
Deal Fanatic
User avatar
Apr 17, 2005
5332 posts
2168 upvotes
Kitchener
Would they pay for tfsa transfer fee by any chance?
This space is intentionally left blank.
Deal Addict
User avatar
Apr 30, 2009
2561 posts
735 upvotes
Ottawa
DealOrNoDeal55, ancodia,
thanks for your explanation!
if sticking to the $100.000 from my example, the 90-day investment will bring me about $687 in return.
hmm, not sure if it worth the hassle
IT Services provider in Ottawa area.
Deal Addict
Nov 28, 2013
1303 posts
503 upvotes
London, ON
I wonder how DICO as insurance is.. vs CDIC where the CDIC under federal regulation and can print money , where ontario regulated can't?

I wonder if they have any sign up bonuses for new customers
Member
May 12, 2014
288 posts
768 upvotes
carztoronto wrote: If you are bringing $100,000, speak with the Branch Manager. He or she will be VERY happy to have you as a customer and will offer you great conditions (in my case, almost $1,000 as welcome bonus)
which branch
Banned
User avatar
Feb 3, 2014
232 posts
411 upvotes
Toronto
Thanks, carztoronto !

Which branch / manager?
carztoronto wrote: If you are bringing $100,000, speak with the Branch Manager. He or she will be VERY happy to have you as a customer and will offer you great conditions (in my case, almost $1,000 as welcome bonus)
[OP]
Member
May 7, 2016
483 posts
417 upvotes
Any branch should be able to offer you good conditions if you speak with the Branch Manager.

Top

Thread Information

There is currently 1 user viewing this thread. (0 members and 1 guest)