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Meridian Good to Grow TFSA Savings Account Info & Reviews

Financial Products > TFSA Savings Accounts > Meridian Good to Grow TFSA Savings Account
Detailed information, reviews and ratings for the Meridian Good to Grow TFSA Savings Account.
Useful when comparison shopping for a new canadian tfsa savings account.

Information about the Meridian Good to Grow TFSA Savings Account

Product NameMeridian Good to Grow TFSA Savings Account
Available InCanada (Only in Ontario)
Offered ByMeridian Credit Union
Product PageMeridian Good to Grow TFSA Savings Account
Interest Rate1.3 %  Interest Rate Decreased from 2.85 % to 1.3 % on July 23, 2019

Chart of historical values for the Meridian Credit Union Good to Grow TFSA Savings Account Daily Rate
  • 1 Year
  • 3 Years
  • 5 Years
  • 10 Years
  • All Data
Minimum Balance$0
Withdrawal Fee$0
Other FeesAccount Closure (within 90 days of opening): $25.00
Dormant Account: $30.00 per year after 3 years of inactivity.
Quarterly statments: $1.50 per statement.
Transfer of TFSA to another financial institution: $50.00 (or $100.00 if the trnasfer is done within 90 days of opening the account)
Fund TransfersTransfer to/from a Meridian chequing account.
Account Transfer Out Fee$50
Deposit InsuranceDICO
Additional NotesInterest is now paid on every dollar with no minimum monthly balance (previously, this account only paid interest if the account balance was over $5,000 or if the client enrolled in one of the automatic savings programs offered by the Meridian Credit Union.)

The following automatic savings programs are available with the TFSA Good to Grow account:
1) Have between $1 and $5 added to your savings account each time you perform a debit card transaction from your Meridian chequing account.
OR
2) Have a certain percentage of each deposit to your Meridian chequing account automatically transferred to your Meridian online advantage savings account.

You must fund a new account with at least $25.00 and must be at least 18 years of age or older to open this account.
Please Note: This database is intended to help you explore your options when looking for a financial product. Product features and information can change faster than we can update our database and we cannot guarantee the accuracy of the information in the above table.
Always visit the financial institutions product page and carefully review the information there before making a final decision.

Customer Ratings for the Meridian Good to Grow TFSA Savings Account

Overall:3.43
Customer Service:3.36
Cost/Rates/Value:3.51
Convenience:3.47
Features:3.38

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Bill on January 9, 2019
It seems that the rate shown (3.25%) is only good for 4 months. The Meridian website indicates: "Earn 3.25% interest for 4 months* on your first registered (TFSA or RRSP) High Interest Savings Account, and our always competitive posted rate of 1.50% thereafter." Link: https://www.meridiancu.ca/Personal/Meridian-Rates-Fees.aspx

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