| Product Name | Meridian Good to Grow TFSA Savings Account |
| Available In | Canada (Only in Ontario) |
| Offered By | Meridian Credit Union |
| Product Page | Meridian Good to Grow TFSA Savings Account |
| Interest Rate | 1.3 %  Interest Rate Decreased from 2.85 % to 1.3 % on July 23, 2019
 - 1 Year
- 3 Years
- 5 Years
- 10 Years
- All Data
|
| Minimum Balance | $0 |
| Withdrawal Fee | $0 |
| Other Fees | Account 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 Transfers | Transfer to/from a Meridian chequing account. |
| Account Transfer Out Fee | $50 |
| Deposit Insurance | DICO |
| Additional Notes | Interest 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. |
