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| Aye laddie, Meridian has a Fergus Ont. office |
I'm learning more about Meridian Credit Union going through some estate administration. One thing that popped out was Meridian's nice RESP savings rate offered of 2%. You could consider this as the fruit of your loins (your kids) approach university age and you transition into something safe to preserve capital and earn a little to counter inflation.Meridian has branches across Ontario. Being Ontario chartered, deposits are protected through The Deposit Insurance Corporation of Ontario (DICO). It insures Canadian currency deposits, including interest, to a maximum of $100,000 per customer. Unlike CDIC which has an insured limit, deposits held in RSP, RIF, LIRA , LIF, RESP, and TFSA accounts are fully insured with no maximum amount. Unique trust or joint accounts are insured separately from those in your own name, to a maximum of $100,000 per account.
