2-Year Term Deposit

3.45% AER · fixed rate

Min. Deposit: $5,000
Term: 2 years
Protection: CDIC coverage

What $25,000 Earns You

At 3.45% AER over 2 years. Take the interest once a year, or leave it in to compound.

You Deposit	$25,000
Paid Once a Year	$863
Total Interest	$1,725
Balance at the End	$25,863

Each $863 interest payment is paid to you directly, and $1,725 is what they add up to over the term. The figure at the end is your initial investment of $25,000 paid back plus your final interest payment.

You Deposit	$25,000
Total Interest	$1,755
Balance at the End	$26,755

No interest is paid out to you during the investment period, so your final return will include your initial investment of $25,000 plus $1,755 interest.

Where You Stand

CDIC coverage

Covered up to Up to $100,000 per person if Meridian Credit Union fails.

Product Details

Type: Fixed bond
Term: 2 years
How Interest Is Paid: Once a year Left to compound
Min. Deposit: $5,000
Protection: CDIC coverage
Coverage: Up to $100,000
Region: Canada

Eligibility & Details

Ontario credit union.
Membership may be required.

Compare Canada is a comparison site, not a financial adviser. Figures use a $25,000 example at 3.45% over 2 years, compounded annually where shown. Confirm all terms with Meridian Credit Union before you commit.