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Email this8:45 am
January 1, 2018
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canadian.100 said
So I guess we all need to close our Meridian Savings accounts once these promos are over and then be eligible to get a new promo by opening a new Savings account at a later time. Truly ridiculous!
I see your point, canadian 100; but I think most everyone here, who deal with, or have, many different FIs, would agree, that they all have their little idiosyncrasies.
Since it only takes a matter of a minute or less to open or close a Meridian account, it's not a big deal to me, if I now need to do that, to enjoy a top level promotion, going forward.
I do think they would be better off dropping the 'existing similar account' stipulation, and base it solely on a time frame related to the prior promo participation. In this case it's Six Months, which is fair, I think. Just glad that current customers can partake, not just NEW ones. 
6:35 am
January 10, 2017
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Offer: Meridian Credit Union Limited (“Meridian”) is offering a high interest savings account (“HISA”) promotional interest rate of 3.95%, which will be added to the posted interest rate, on Eligible Deposits made into Eligible Accounts by Eligible Members, from April 14, 2025 to June 30, 2025 (the “Offer”).
Offer Period: The Offer is valid starting April 14, 2025, and until June 30, 2025 (the “Offer Period”). Meridian reserves the right to extend or shorten the Offer Period at its sole discretion.
Eligibility Criteria:
a Eligible Accounts: The Offer is only available on the following account types:
HISA (non-registered)
Tax-Free Savings Account (“TFSA”) HISA
Registered Retirement Savings Plan (“RRSP”) HISA
Registered Retirement Income Fund (“RRIF”) HISA
Promotional Period: The Offer is available to Eligible Members on Eligible Deposits made into the Eligible Account for one hundred and twenty-two (122) days (approximately 4 months) from the date the Eligible Account is opened. This means that the Promotional Rate would only be offered for a period of 122 days after the Eligible Account is opened.
Has anyone confirmed that a Meridian "HISA" account is different than their old "Advantage" account? If this is the case, anyone who still has an Advantage account would be eligible for this offer.
6:47 am
April 21, 2022
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Lodown said
Has anyone confirmed that a Meridian "HISA" account is different than their old "Advantage" account? If this is the case, anyone who still has an Advantage account would be eligible for this offer.
From reading elsewhere, the HISA and Advantage account are one and the same.
7:09 am
September 7, 2018
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JohnnyCash said
From reading elsewhere, the HISA and Advantage account are one and the same.
Confirmed - they are the same for the purposes of the promo. If you already have an Advantage Acct, you are not eligible for the promo even if you open a second Advantage Acct/HISA.
So closing any Advantage Accts after the promo, would probably work next time if Meridian does another such promo, since you can't already have an Advantage Acct to get the bonus rate. (The Advantage/HISA Acct regular rate is 0.85).
7:38 am
September 15, 2017
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canadian.100 said
Confirmed - they are the same for the purposes of the promo. If you already have an Advantage Acct, you are not eligible for the promo even if you open a second Advantage Acct/HISA.
So closing any Advantage Accts after the promo, would probably work next time if Meridian does another such promo, since you can't already have an Advantage Acct to get the bonus rate. (The Advantage/HISA Acct regular rate is ,eve0.85).
You can open a new promo online HISA account, if you already have an online HISA account (also known as Advantage account), but only if it is a different type (non-registered, TFSA, RRSP, RRIF) or in different name(s), such as individual or joint. Otherwise, my understanding is you are only eligible to open same type of promo account in same name(s) if you have not had another Advantage/HISA account for past 6 months.
7:46 am
January 10, 2017
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canadian.100 said
So closing any Advantage Accts after the promo, would probably work next time if Meridian does another such promo, since you can't already have an Advantage Acct to get the bonus rate. (The Advantage/HISA Acct regular rate is 0.85).
Having only 1 Advantage account with Meridian, is there a way to close it without terminating the relationship/online banking access with Meridian? This would avoid having to signup with them again when the next promo strikes.
8:40 am
September 7, 2018
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GR said
You can open a new promo online HISA account, if you already have an online HISA account (also known as Advantage account), but only if it is a different type (non-registered, TFSA, RRSP, RRIF) or in different name(s), such as individual or joint. Otherwise, my understanding is you are only eligible to open same type of promo account in same name(s) if you have not had another Advantage/HISA account for past 6 months.
1. Yes correct you can open a different type of HISA and get the promo. I had a non registered and wanted the promo with a non registered but I would have been eligible for TFSA or other registered HISA.
2. The agent I spoke to, told me the past 6 month rule is no longer valid. Appears that Meridian has tightened up on eligibility/flexibility.
9:47 am
January 1, 2018
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re the 6 month [or 180 day rule], from the original post by 'CR' in this thread.
here is an excerpt from the 29 criteria, namely 3 b.
b Eligible Deposit: A deposit is only deemed eligible if the funds being deposited into the Eligible Account have not been deposited in any account type with Meridian within the last one hundred and eighty (180) days of opening the Eligible Account. For additional clarity, Eligible Deposits must be transferred to an Eligible Account from a financial institution that is not Meridian or Aviso Wealth;
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