Business savings accounts
Put your business earnings to work with competitive interest rates and the flexibility to access funds whenever you need them.
Business Savings
Grow your savings with higher interest rates and access your money whenever you need it.
Up to 1.10% interest
- No monthly fees
- No minimum balance
- Bigger balance, higher rate
- Interest is calculated daily, paid at month-end
- Two free debits1 per month ($5 each thereafter)
- Unlimited self-serve transfers between your FirstOntario accounts
- Online and mobile banking with free eStatements
Business U.S. Dollar Investment Savings
Build up your U.S. savings while you earn interest without having to worry about exchange rates.
0.20% interest
- No monthly fees
- No minimum balance
- Interest is calculated daily, paid at month-end
- One free debit1 per month ($5 each thereafter)
- Compatible with all Canadian dollar FirstOntario accounts for easy transfer of funds
- Pay your FirstOntario U.S. Dollar Visa* from this account2
- Online and mobile banking with free eStatements
- ATM and point-of-sale transactions are not available with this account
Pairs well with chequing
Our savings accounts are designed to complement FirstOntario business chequing accounts.
Online and mobile banking
Access your business accounts 24 hours a day through online and mobile banking.
Open a business savings account
Business Savings Account
| Balance | Rate* |
|---|---|
| $0 – $100,000.00 | 0.20% |
| $100,000.01 – $250,000.00 | 0.30% |
| $250,000.01 – $500,000.00 | 0.40% |
| $500,000.01 – $750,000.00 | 0.60% |
| $750,000.01 – $1,00,000.00 | 0.80% |
| $1,000,000.01 | 1.10% |
* Per annum rate. Rate and terms subject to change without notice. Conditions apply.