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Meridian Sweep account

Meridian Sweep account

It’s two accounts, working as one.
Meridian's Sweep Account ensures your money earns as much as possible.

Introducing Sweep – the smartest way to help maximize your earnings. By monitoring your chequing and saving activity, Sweep ensures your money’s earning as much as possible in your High Interest Savings Account, while maintaining a balance in your Chequing Account for day-to-day transactions.

It’s two bank accounts, working as one. You set the limits, which puts you in complete control.

The new Sweep feature – another first in Canada.

How it works

Sweep is the smartest way to maximize your savings. Sweep ensures your money’s earning as much as possible in your High Interest Savings Account, while maintaining a balance in your Meridian Chequing Account for day-to-day transactions. It’s two accounts, working as one. You set your own limits and can change them as often as you wish.

Each night, Sweep automatically transfers funds between your Meridian Chequing Account and your High Interest Savings Account, based on the limits you set. By linking these two accounts, you ensure there’s always money on hand for your day-to-day expenses and any idle money in your chequing is moved to your savings account to ensure it’s earning interest. Sweep does that for you. Automatically.

For added protection, combine Sweep with our Overdraft or Coverdraft protection and avoid any fees you would pay by having insufficient funds in your account. Plus, there aren't any monthly or transaction fees on your High Interest Savings Account. No surprises; just savings.