CDIC Coverage
Covered up to $100,000.00 per person if Meridian Credit Union fails.
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Fixed-Rate Bond · Canada
Meridian Credit Union
5-Year Term Deposit
3.80%
AER · fixed rate
- Min. Deposit
- $5,000.00
- Term
- 5 years
- Protection
- CDIC Coverage
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What $25,000.00 Earns You
At 3.80% AER over 5 years. Take the interest once a year, or leave it in to compound.
| You Deposit | $25,000.00 |
|---|---|
| Paid Once a Year | $950.00 |
| Total Interest | $4,750.00 |
| Balance at the End | $25,950.00 |
Each $950.00 interest payment is paid to you directly, and $4,750.00 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 | $5,124.98 |
| Balance at the End | $30,124.98 |
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 $5,124.98 interest.
Where You Stand
Product Details
- Type
- Fixed-Rate Bond
- Term
- 5 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.
Happy Saver is a comparison site, not a financial adviser. Figures use a $25,000.00 example at 3.80% over 5 years, compounded annually where shown. Confirm all terms with Meridian Credit Union before you commit.
3.80%
AER fixed
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