Meridian Credit Union
Personal and business banking for Ontarians
Overview
Meridian Credit Union is an Ontario-based credit union offering personal, business and wealth products including chequing, savings, GICs, mortgages and investment accounts. The site highlights featured rates for GICs, mortgages and a First Home Savings Account and provides digital and branch-based banking resources across Ontario.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.00% |
| 3-Year GIC | 3.60% |
| 5-Year GIC | 3.80% |
Pros
- • Solid savings rate of 0.85%
- • Competitive GIC rates (3.0% on 1-year terms)
- • Full-featured digital banking — app, online, e-Transfer and broad ATM access
- • Surcharge-free ATM access through THE EXCHANGE Network
Cons
- • Smaller institution — fewer specialized product tiers than major banks
Best For
Products & Accounts
Membership Eligibility
Membership targeted to Ontario residents; must become a member (details/link not provided on rates page).
The rates page references becoming a member and invites users to 'Become a Member' and to find a branch or advisor, but it does not list full membership eligibility criteria on the rates page itself.
Deposit Protection
FSRA
$250,000 per category
Financial Services Regulatory Authority of Ontario (FSRA) insures eligible deposits up to $250,000 per category at Ontario credit unions.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network
- Digital Ratingexcellent
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Last researched Mar 28, 2026. Always verify rates directly on the official website before making financial decisions.
Official Website