Oaken or Meridian Credit Union? (TFSA & USD Account)

JRGUINNESS wrote: ↑Hello,

Was hoping I could pick up some insight on either of these Financial Institutions. Right now, like many of you, I am with Tangerine and am very displeased. I have both a TFSA & a USD Saving Account with them and am currently looking for alternatives. Could anyone let me know what their opinions on either of these 2 places are? I was hoping EQ had a TFSA account, however they don't.

Oaken - TSFA Accounts are all tied to a GIC (1 year @ 2.05% or 1.5 - 5 years @ 2.75%.
-> Will NOT pay the $45 TFSA Moving Fee

Meridian - 1.5% Savings account OR 3-Year Escalator GIC - 1.80% OR 5-Year Ladder GIC Strategy - 2.00% OR Index-Linked GICs
-> Will cover up to $50 TFSA Moving Fee

- U.S. Dollar Account - No monthly fee, 0.05% interest, Unlimited deposits and $0.75 each transaction (withdraw). However they accept cash, unlike
Tangerine.


If anyone has an opinion or another recommendation, I would love to hear it.

Thanks!

The first three months: 1.90%
Months four to six: 2.00%
Months seven to nine: 2.10%
The last three months: 2.20%

BenK wrote: ↑Quickly off the top of my head.

Go with Hubert's 1-yr redeemable GIC for TFSA.

and RBC USD eSavings 0.15%, 1 free withdrawal per month.

akaManny wrote: ↑Oaken 2.75% is a good rate, considering that interest rates keep dropping. Have you maxed out your TFSA contributions? If no, I would buy the 18 month GIC because it matures in December, good time to withdraw from a TFSA. If an RRSP makes sense for you, you could ladder 18 month to 5 year GICs at 2.75% at Oaken.