Business Advantage Plus Savings account
Earn savings on your business funds
When you’ve got some excess cash but need to keep it available, your best option is a savings account that gives you a good return with zero transaction fees.
No minimum balance required: start earning as soon as you have a dollar in your account. We don’t wait until you have a large balance before paying you interest. And as your balance grows, so does your interest you can earn.
Your money earns interest on the full balance. Both your principal and the return rates are guaranteed.
| Rate1 | Closing daily account balance (CAD) |
|---|---|
| 3.05% | $5,000,000+ |
| 2.80% | $500,000-$4,999,999 |
| 2.55% | $0-$499,999 |
| Rate1 | Closing daily account balance (USD) |
|---|---|
| 2.75% | $2,000,000+ |
| 2.35% | $1,000,000-$1,999,999 |
| 1.35% | $100,000-$999,999 |
| 0.00% | $0-$99,999 |
Save even more and access your money when you need it
- $0 monthly fee2
- No minimum monthly balance required
- No transaction fees
- Unlimited transfers
- Get paid on your full balance
- 24/7 access, through Meridian’s Business Online Business Banking
| Fee | Description |
|---|---|
$0 |
Monthly fee2 |
Can I open this account online?
Yes, you can open this account online if you meet the eligibility requirements.
What documents do I need to open an account?
We have checklists for the documents needed to open any kind of business account with Meridian, including acceptable forms of identification. Find out what documents you need.
For details on all account and service fees, see Meridian Business Accounts and Services. Need help or want more info? Contact us. We are always happy to help!