Meridian Credit Union Advantage Savings Account

Meridian Credit Union Advantage Savings Account Overview

Editorial Note: Comparewise is supported by our readers. When you find products and services through links on our site, we may earn commission.

Meridian Credit Union is a financial institution committed to providing its members with the best products and services. The Meridian Credit Union Advantage Savings Account is a top-tier option for members who want to maximize their savings potential.

With competitive rates, no monthly fees, and flexible access to your money, this account is designed to help you reach your financial goals. Keep reading to learn more about the Meridian Credit Union Advantage Savings Account and how it can benefit you.

What is Meridian Credit Union?

The Meridian Credit Union is a Canadian financial organization with its main office in Ontario. Meridian Credit Union is one of the biggest credit unions in Canada, and it offers its members a various financial products and services.

The following are some of the many financial goods and services that may be obtained via the Meridian Credit Union:

Chequing account

The Meridian Credit Union provides its customers with a number of different chequing account options, such as limitless chequing, pay as you go chequing, senior chequing, convenience chequing, convenience chequing plus, electronic chequing, and senior chequing.

Savings account

There are several different types of savings accounts available with Meridian Credit Union. These include high-interest savings accounts, advantage accounts, and youth savings accounts.

Credit Cards

Meridian provides a wide selection of Visa credit cards, which may be used for personal or business transactions. These credit cards include the following: personal visa cards and business visa cards.

Investments

Mutual funds, guaranteed investment certificates, and exchange-traded funds are some investing options available via Meridian Credit Union.

Additional services

Bill payments and wire transfers are just some of the many services that Meridian Credit Union may take advantage of.

Meridian Credit Union Advantage Savings Account - Comparewise

What is a Meridian Credit Union Advantage Savings Account?

The Advantage Savings Account is an account that allows for unlimited free deposits, one free self-serve transaction and one free personal transaction each month.

Advantage Savings Account also grants its users no transaction fees provided that the account maintains a balance of at least $50,000. In addition, every dollar that is deposited into the account receives interest.

In addition to the daily income accrued on this account, the advantage savings account enables you to receive interest on every dollar deposited. You also enjoy making an unlimited number of free deposits, and it gives you access to over 43,000 free ATMs that are part of the Exchange and Allpoint Networks.

Features of a Meridian Credit Union Advantage Savings Account

The following are features associated with a Meridian Credit Union Advantage Savings Account;

Interest

The Advantage savings account offers various benefits, including the ability to make unlimited free deposits in addition to earning interest on every dollar deposited.

This implies that you will receive interest on every dollar you put into the account, and no costs will be associated with depositing money. Your funds’ value might increase over time if you invest them in this manner.

Free self-serve and personal transactions

The account allows one free self-serve transaction and one free personal transaction per month. These transactions may be completed by Internet banking, in-branch banking, mobile banking, or telephone banking.

Zero monthly fee

The Advantage Savings Account does not charge its customers a maintenance fee. Because of this, you may use the account’s many features without spending a dime.

Various Advantage Savings options

You may also open an Advantage Savings Account in the form of the following accounts; a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), or Registered Retirement Income Fund (RRIF). If you are interested in the RRIF option, visit a Meridian branch or speak with a Meridian Financial Planner.

Transaction fee

You won’t have to pay any transaction fees if you keep a balance of $50,000 or more. However, the cost is $1.25 for each additional transaction that is not covered.

Use of debit card

You may make payments with Interac Debit in Canada and Accel in the United States if you have an Interac Flash® enabled debit card from Meridian.

FAQs about the Meridian Credit Union Advantage Savings Account

How can I register for Meridian Credit Union Online banking?

Online banking is available to everyone with a computer or mobile device (phone, tablet, etc.). All you need to access your account is your Member number and the one-time password you created when you signed up.

What are the various forms of Advantage Savings accounts?

Advantage savings accounts can be in various forms, such as Tax-free Savings Accounts (TFSA), Registered Retirement Income Funds (RRIF) and Registered Retirement Savings Plans (RRSP).

What are the types of products and services that Meridian Credit Union offers its members?

Meridian Credit Union offers various products and services such as;

Mortgage: Fixed-rate, Variable, Hybrid, Construction mortgage and so on.
Credit cards: personal credit cards and business credit cards
Chequing account: Convenience chequing, Convenience plus chequing, Limitless chequing, Pay as you go chequing, Electronic chequing, Senior chequing and US Dollar Chequing account.