TORONTO, June 26, 2017 /CNW/ - In celebration of Canada's 150th anniversary, Meridian, Ontario's largest credit union, has announced a patriotic 15-month fixed mortgage at 1.50 per cent.
"For many Canadians, homeownership is the great Canadian dream," says Bill Whyte, Meridian's SVP and Chief Member Experience Officer. "This unique mortgage offer celebrates that Canadian dream by helping Ontarians achieve their home ownership goals sooner."
In addition to offering competitive mortgage rates, Meridian provides one of the best repayment options on the market today. Meridian's 20/20 repayment program allows Members to pay down up to 20 per cent of the original principal balance per year without penalty and can be done at any time of the year without notice. Members can also increase their monthly payment up to 20 per cent of their original payment plan each year.
Meridian's mortgage specialists work closely with Members to help ensure they are well-informed about the financial aspects of home ownership, including prudent borrowing practices and home affordability guidelines.
In addition to this exciting mortgage offering, Meridian is also celebrating Canada's sesquicentennial with a special three-year term on its Canadian Diversified Index-linked GIC, providing Members with a minimum return of 1.50 per cent and up to a potential maximum return of 15 per cent. Meridian is also offering a 1.50 per cent cash bonus for all new registered money transferred from an external financial institution to a registered plan at Meridian. Visit www.meridian150.ca for terms and conditions.
With over 70 years of banking history, Meridian is Ontario's largest credit union, helping to grow the lives of its more than a quarter of a million Members, including over 23,000 business Members. Meridian has $15.5 billion in assets under management and delivers a full range of financial services online, by phone, by mobile and through a network of 92 branches across Ontario, and commercial banking services in 11 locations. Meridian Members also have access to THE EXCHANGE® Network, with more than 3,300 no-fee ABMs across Canada and 500,000 ABMs in the United States. For more information, please visit: meridiancu.ca.
SOURCE Meridian Credit Union
For further information: Diane Medeiros, Manager, Media and Stakeholder Relations, Meridian, Office: (416) 597-4444 ext. 2667, Email: [email protected]