3-Year Term Deposit

3.55% AER · fixed rate

Min. Deposit: $5,000.00
Term: 3 years
Protection: CDIC Coverage

What $25,000.00 Earns You

At 3.55% AER over 3 years. Take the interest once a year, or leave it in to compound.

You Deposit	$25,000.00
Paid Once a Year	$887.50
Total Interest	$2,662.50
Balance at the End	$25,887.50

Each $887.50 interest payment is paid to you directly, and $2,662.50 is what they add up to over the term. The figure at the end is your initial investment of $25,000.00 paid back plus your final interest payment.

You Deposit	$25,000.00
Total Interest	$2,758.14
Balance at the End	$27,758.14

No interest is paid out to you during the investment period, so your final return will include your initial investment of $25,000.00 plus $2,758.14 interest.

Where You Stand

CDIC Coverage

Covered up to $100,000.00 per person if Meridian Credit Union fails.

Product Details

Type: Fixed-Rate Bond
Term: 3 years
How Interest Is Paid: Once a year Left to compound
Min. Deposit: $5,000.00
Protection: CDIC Coverage
Coverage: $100,000.00
Region: Canada

Eligibility & Details

Ontario credit union.
Membership may be required.
Verify rate and eligibility.

Happy Saver is a comparison site, not a financial adviser. Figures use a $25,000.00 example at 3.55% over 3 years, compounded annually where shown. Confirm all terms with Meridian Credit Union before you commit.