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Meridian 1 Year Non-Redeemable GIC Special Promotion - Terms & Conditions

Meridian 1 Year Non-Redeemable GIC Special Promotion - Terms & Conditions

General Terms

  1. Introduction: These terms and conditions (“Terms and Conditions”) govern the 1 Year Non-Redeemable GIC Special (“Special”) offered by Meridian Credit Union Limited (“Meridian”) on the 1 Year Non-Redeemable GIC (“GIC”). By participating in the Promotion, you agree to these Terms and Conditions.
  2. Offer: Meridian is offering a 1 Year Non-Redeemable GIC Rate of 3.60%. The Offer is a limited time promotion, available to Retail and Business Banking Members.
  3. Promotion Period: The Offer is valid starting August 9, 2024, and is valid until December 31, 2024. Meridian reserves the right to extend or shorten the Promotion Period at its sole discretion.
  4. Eligibility: To be eligible for the Offer, you must:
  1. Be a New or Existing Retail or Business Banking Member and hold an active Membership share.
  2. Purchase the GIC with Eligible Deposits. Eligible Deposits is defined as funds not held on deposit with Meridian within 6 months prior to August 9th, 2024.
  1. Limitations on Offer:
  1. The Offer is available for Eligible Deposits with a minimum investment of $100 up to a maximum cumulative total of $1,000,000 per Member.
  2. For deposits greater than $1,000,000, please contact our Contact Centre at 1-866-592-2226 to discuss options available.

Other Terms

  1. The Offer is applicable to Eligible Deposits made during the Promotion Period to any of the following: 1 Year Non-Redeemable Non-Registered GIC; and 1 Year Non-Redeemable Registered GIC, including TFSA, FHSA, RRSP or RRIF, collectively referred to as "Eligible GIC" where the Eligible Member is the Account Holder. The Offer is not applicable to any other account types, including (but not limited to) a GIC of a different term length, or demand accounts.
  2. Eligible Members will receive the promotional interest rate on the Eligible GIC funded during the Promotion Period. Interest is calculated and accrued daily. Interest is paid at maturity. The GIC interest rates expressed are annual interest rates and are subject to change without notice.
  3. The Offer cannot be combined with other promotional offers unless Meridian, at its sole discretion, defines otherwise.
  4. If Meridian is unable to run the Offer as planned for any reason, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the reasonable control of Meridian which corrupt or affect the administration, security or proper conduct of this Offer, Meridian reserves the right at its sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it in any way.
  5. Meridian reserves the right at its absolute discretion to withdraw the Offer in whole or in part, or to vary, delete or add to any of these Terms and Conditions at any time and from time to time without notice at its absolute discretion. Meridian reserves the right to end the Offer earlier or to extend the Promotion Period further at its absolute discretion.
  6. Meridian reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer to any Member it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer.
  7. This Offer may be suspended, modified or withdrawn at any time without notice for any reason including, but not limited to, an error or mistake on behalf of Meridian.
  8. To the extent that these Terms and Conditions are inconsistent with any other communication, advertisement, or statement (a "Message") from Meridian, these Terms and Conditions will supersede all other Messages.
  9. You agree that you have read and understood these Terms and Conditions and agree to be bound by them. Any notice offered by us with respect to this Offer is deemed to be provided on the day it is posted on our website.
  10. Any GIC opened for the purposes of this promotion is subject to the terms and conditions of the GIC. In the event of any conflict between these terms and conditions and the standard term deposit terms and conditions, these terms and conditions will prevail during the promotional period.
  11. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). For more information, visit the FSRA website.