Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Meridian Business Advantage Plus Savings Account

Meridian offers a savings account designed for business owners who want to earn interest on their account balance.

Meridian’s Business Advantage Plus Savings Account allows customers to earn interest on their full balance and excess cash using a tiered system. This means that the more cash your business savings account holds, the more interest you earn.

No reviews yet. Write a review


Interest Rate


Minimum Balance

Please note: All information about Meridian Business Advantage Plus Savings Account has been collected independently by Finder and this product is not available through this site.

What are the main benefits of a business savings account with Meridian?

The following are some of the main benefits of a Meridian Business Advantage Plus Savings Account:

  • High interest rate. Meridian offers high interest rate savings accounts that reward business owners with larger balances. The more you save with Meridian, the higher the interest rate that is applied to your account. Meridian offers a 0.9% interest rate in closing daily accounts with a balance between $0 and $999,999; and a interest rate of 1% in closing daily accounts with a balance of $1,000,000 or more.
  • Monthly fees. You can save big on monthly fees with a Meridian business savings account – it’s $0 per month.
  • Money transfers. Transactions and transfers are free and unlimited.
  • 24/7 access. Your Meridian business account can be accessed online anytime with zero downtime.

What should I look out for?

  • Tiered system. Unlocking the highest interest rates takes a substantial amount of capital. Business owners need to have at least $1 million in their savings account to qualify for the highest interest rate.

How do I open an account?

To open an account with Meridian, you have two options:

  1. Call the following toll-free number: 1-866-592-2226
  2. Locate the branch closest to you and schedule an appointment


To be eligible for a Meridian business savings account, you must meet the following criteria:

  • Be a Canadian resident
  • Own a sole proprietorship, partnership, unincorporated association or corporation

Required information

  • Two pieces of original ID, such as a birth certificate issued in Canada, a Canadian passport, a certificate of Canadian citizenship, a Canadian driver’s licence, a permanent resident card or a NEXUS card.
  • A debit card or credit card bearing your name and signature issued by a member of Payments Canada.
  • Official business documents including articles of incorporation, master business license and professional practice licence.

How do I deposit and withdraw money?

As a full-service credit union, Meridian offers many ways to deposit and withdraw funds from your business account. You can deposit and withdraw money in-branch, at any participating ABM or through the Money Mover online transfer service.

How do I get in touch with customer service?

You can get in touch with Meridian‘s customer service department from Monday to Sunday between 8:00am and midnight ET at the following toll-free number: 1-866-592-2226. You can also contact support by filling out an online form.

For in-person support, you can use the branch locator to find the Meridian credit union closest to you.

Bottom line

Meridian is a full-service credit union that offers businesses high interest rate savings accounts with no fees. Even if you don’t lock-in the introductory “boost” rate, you can still earn higher than average interest on up to $2,000,000 in savings.

Do you want to learn more about savings accounts? Check out our helpful guide.

Compare other savings accounts

1 - 4 of 4
Name Product Interest Rate Promotional Interest Rate Min. Bal / Min. Deposit Account Fee
Simplii High Interest Savings Account
$0 / $0
Earn 3.00% interest on your savings. Open an account and get a special interest rate for deposits up to $1,000,000. Conditions apply. Valid until October 31, 2022.
KOHO Earn Interest
$0 / $0
Use promo code FINDERCODE and get a $20 cash bonus when you make your first purchase within 30 days. Opt into earning interest for free and earn 1.20% on your balance, plus an additional 0.50% in cash back on every purchase you make.
Neo Money Account
$0 / $0
Get a competitive interest rate and unlimited free transactions with no monthly fees or minimum balances.
EQ Bank Savings Plus Account
$0 / $0
Get a $150 signup bonus when you open an account and switch your eligible recurring payroll direct deposit to EQ. Apply by July 13, 2022. Plus, enjoy zero everyday banking fees, free transactions and no minimum balance.

Compare up to 4 providers

Frequently asked questions

Go to site