This condition will make many savings account promotion churners ineligible.

JohnnyCash said
Tricky indeed, it requires a thorough reading of the terms and conditions. I'm out, too restrictive. It's definitely different from their previous promotional offers.  

Not all that different from prior Meridian CU HISA promo in that the objective is to get you to put your funds on deposit in the HISA at expiry of the promo into mutual funds with Aviso, a partner of Meridian. You will be marketed quite agressively by a rep (who no doubt is on commission) as the expiry date gets closer. Meridian CU, no thank-you.

The Offer is valid starting August 31, 2026, and until December 31, 2026. Eligibility is tricky. It must be the first HISA in that account type.

The promos page is listing:

Meridian Credit Union: 3.60% for an 18-month GIC

Special Offer: Earn 3.70% on an 18-Month Non-Redeemable New Money GIC for eligible new money only.

3. Have not held a Membership Share as of April 30, 2026.

7. Fund the Eligible Chequing Account with a minimum of $50 (fifty dollars CAD) within 45 days of opening the Eligible Chequing Account (the “Deposit”).

8. In addition to funding the Eligible Chequing Account with the Deposit, within the first 45 days of opening the Eligible Chequing Account, complete at least one (1) of the following:
a. Set up a recurring monthly direct deposit to your Eligible Chequing Account of at least $300 per deposit, each month, and maintain this for a minimum of seven (7) consecutive months (“Qualifying Direct Deposits”). Qualifying Direct Deposits includes deposits from the following: payroll; pension direct deposits; Canada pension plan; old age security; disability payments, and governmental deposits such as employment insurance; Canada child benefit, Ontario trillium benefit; and veteran disability pension.
b. For individuals who do not receive Qualifying Direct Deposits, establish two recurring monthly pre-authorized debit bill payments on your Eligible Chequing Account of at least $100 per payment each month ("Qualifying Bill Payments"), and maintain both Qualifying Bill Payments for a minimum of seven (7) consecutive months. Qualifying Bill Payments are restricted to the following types of payments: car payments, mortgage payments, phone bill payments, utility bill payments and insurance payments.

In my scenario, the bonus is equivalent to ~43% return at the end of 7 consecutive months.

Open a Senior Every Day Chequing Package
Maintain the $2,000 min balance to waive the $9 package fee.
Meets all the Offer Requirements

$2,000 x 42.85% annually /12 month x7 = ~$500

EDIT: Never mind.... It not show up at first but now I finally see it.

https://www.meridiancu.ca/personal
Scroll down to find link to offer.

(T & C indicate that this offer and other offers might not be combinable. If you buy this promo GIC, will they disqualify you from another promo offer on a savings account during the 18 months?)