The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Making sense of the markets this week: March 3, 2024 + MORE Mar 2nd
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. And Stephanie Griffiths was an award-winning investor for almost 20 years before returning to her roots in journalism. She is .... More »
Fed, other central banks set joint liquidity operation - Reuters.com + MORE Mar 19th
Fed, other central banks set joint liquidity operation Reuters.comCoordinated Central Bank Action to Enhance the Provision of U.S. Dollar Liquidity Bank of CanadaFed and Five Central Banks Announce Move to Boost Dollar Funding Yahoo Canada FinanceFed, BoE, BoJ, ECB S.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? Jan 10th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
The best credit cards in Canada for 2024 Mar 1st
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The best credit cards in Canada for 2024
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Deferring Your Mortgage Could Cost You More Down the Road + MORE Jun 4th
Well over 700,000 Canadian homeowners have now taken advantage of various mortgage payment deferral programs offered by most mortgage lenders.
It’s no wonder there’s been so much demand, considering more than three million jobs have been lost across the country since the start of March when the.... More »
Meridian Review: Ontario’s Largest Credit Union vs the Big Banks
– canadianfinanceblog.com
I don’t often have an opportunity to write a credit union review. The reason for this is that most credit unions tend to be quite small, and as such, serve a relatively small client base within a very defined (and smallish) geographical area. In short, it doesn’t work all that well for a personal finance website with a Canada-wide audience. Meridian Credit Union is an exception, however.
While Meridian’s brick-and-mortar locations are exclusive to the province of Ontario, Meridian is a big financial institution. The largest credit union in Ontario, and the 3rd largest in Canada, Meridian serves almost 350,000 members, with assets under management of more than $21 billion. Not only that, but Meridian has established a solid foothold in the online banking space through its subsidiary, motusbank. Because of this, with some limitations, Meridian products and services are available to most Canadians, either through its Ontario branch network, or online, via mostusbank.
Meridian Credit Union Personal Banking
Meridian has a wide range of personal chequing accounts to offer its members, with a few of them standing out as having particularly good value; the Pay As You Go, Limitless Chequing, and the Senior Chequing Account…
While Meridian’s brick-and-mortar locations are exclusive to the province of Ontario, Meridian is a big financial institution. The largest credit union in Ontario, and the 3rd largest in Canada, Meridian serves almost 350,000 members, with assets under management of more than $21 billion. Not only that, but Meridian has established a solid foothold in the online banking space through its subsidiary, motusbank. Because of this, with some limitations, Meridian products and services are available to most Canadians, either through its Ontario branch network, or online, via mostusbank.
Meridian Credit Union Personal Banking
Meridian has a wide range of personal chequing accounts to offer its members, with a few of them standing out as having particularly good value; the Pay As You Go, Limitless Chequing, and the Senior Chequing Account…
