Earn more with flexible savings accounts
Grow your savings with high interest rates and access your money whenever you need it.
Daily Interest Savings
For savers who value simple, reliable access to their funds.
Up to 0.05% interest
- No monthly fees
- No minimum balance
- Unlimited free deposits
- Interest calculated daily and paid at the end of each month
- Two free debits per month, unlimited with a $3,000 minimum balance
- Free eStatements through online and mobile banking
High Interest eSavings
For savers seeking steady growth with higher interest rates.
Up to 0.80% interest
- No monthly fees
- No minimum balance
- Unlimited free deposits
- Bigger balance, higher rate
- Interest calculated daily and paid at the end of each month
- Two free electronic debits per month, in-branch transactions subject to a fee
- Free eStatements through online and mobile banking
Investment Savings
For long-term savers planning for major financial goals.
Up to 3.20% interest
- No monthly fees
- No minimum balance
- Unlimited free deposits
- Tax-free savings options
- Interest calculated daily and paid at the end of each month
- One free debit per month
- Free eStatements through online and mobile banking
U.S. Dollar Investment Savings
For growing your U.S. dollar savings without worrying about exchange rates or conversion fees.
0.15% interest
- No monthly fees
- No minimum balance
- Unlimited free deposits in branch
- Interest calculated daily and paid at month end
- One free debit per month
- Free eStatements via online and mobile banking
- ATM and point-of-sale transactions are not available with this account
Daily Interest Savings for seniors (60+)
Flexible access to your funds with unlimited free deposits and debit transactions, plus additional benefits.
Up to 0.05% interest
- No monthly fees
- No minimum balance
- Interest calculated daily and paid at month end
- Unlimited free deposits
- Unlimited free debit transactions
- Free eStatements via online and mobile banking
- $10 discount on a safe deposit box rental
- Free drafts, including foreign exchange drafts, and free certified cheques
Accelerate your savings even more
Explore our high-interest term deposits (GICs), registered accounts, and other investment options.
Mobile cheque deposit
Deposit cheques anytime, anywhere using the FirstOntario mobile app with Deposit Anywhere™.
Online and mobile banking
Access your savings accounts 24 hours a day through online and mobile banking.
Round up and save
Grow your savings automatically every time you use your FirstOntario debit card. Contact us to add this feature on your account.
- Choose to round to the nearest $1, $5, or $10
- Round-ups are added to your chosen savings account each day
- Reach your financial goals without changing spending habits
Ready to open a savings account?
Apply online, meet with us virtually, or visit us at your nearest branch. Existing members can open a new savings account through online banking or by calling us.
Apply online
to open an account
Book an appointment
to become a member
Visit us
at one of our branches
Call us
at 1‑800‑616‑8878
Daily Interest Savings Account
| Balance | Rate* |
|---|---|
| $0 – $1,000.00 | 0.05% |
| $1,000.01 – $5,000.00 | 0.05% |
| $5,000.01 – $10,000.00 | 0.05% |
| $10,000.01+ | 0.05% |
* Per annum rate. Rate and terms subject to change without notice. Conditions apply.
High Interest eSavings Account
| Balance | Rate* |
|---|---|
| $0 – $100,000.00 | 0.60% |
| $100,000.01 – $200,000.00 | 0.75% |
| $200,000.01+ | 0.80% |
* Per annum rate. Rate and terms subject to change without notice. Conditions apply.
Investment Savings Account
| Account type | Rate* |
|---|---|
| Non-Registered Savings | 0.30% |
| TFSA Investment Savings | 0.60% |
| FHSA Investment Savings | 3.20% |
| RRSP Investment Savings | 0.05% |
| RRIF Investment Savings | 0.05% |
* Per annum rate. Rate and terms subject to change without notice. Conditions apply.
U.S. Dollar Investment Savings Account
| Balance | Rate* |
|---|---|
| All balances | 0.15% |
* Per annum rate. Rate and terms subject to change without notice. Conditions apply.
Daily Interest Savings Account for seniors (60+)
| Balance | Rate* |
|---|---|
| $0 – $1,000.00 | 0.05% |
| $1,000.01 – $5,000.00 | 0.05% |
| $5,000.01 – $10,000.00 | 0.05% |
| $10,000.01+ | 0.05% |
* Per annum rate. Rate and terms subject to change without notice. Conditions apply.