Seniors accounts made for your next chapter
If you’re over 60, we offer great accounts with lower fees and more benefits.
Pay As You Go
No monthly fee. Only pay for what you use, when you use it — simple, flexible, and convenient.
$0/month
- Free withdrawals at thousands of ATMs across Canada and the U.S.
- $0 per bill payment or transfer
- $0.50 per debit card transaction
- $1 per in-branch withdrawal, cheque, or pre-authorized debit
- $1.50 per Interac e‑Transfer®
- $2.50/month for overdraft protection
Premium for seniors (60+)
Best for everyday banking. Unlimited transactions and 10 free Interac e‑Transfers® each month.
$0 or just $6.98/month
No monthly fee when you maintain a minimum daily balance of $4,000 or minimum monthly payroll/pension direct deposit of $1,000
- Unlimited transactions
- 10 free Interac e‑Transfers® per month ($1.50 each thereafter)
- Free withdrawals at thousands of ATMs across Canada and the U.S.
- Free overdraft protection plus reduced overdraft interest
- Up to $60 annual rebate on your FirstOntario Visa* credit card
Premium Unlimited for seniors (60+)
Unlimited transactions and Interac e‑Transfers®, plus free exclusive access to the Benefits1 Bundle.
$0 or just $9.98/month
No monthly fee when you maintain a minimum daily balance of $6,000 or minimum monthly payroll/pension direct deposit of $2,500
- Unlimited transactions
- Unlimited Interac e‑Transfers®
- Free withdrawals at thousands of ATMs across Canada and the U.S.
- Free overdraft protection plus reduced overdraft interest
- Up to $75 annual rebate on your FirstOntario Visa* credit card
- Unlimited bank drafts, one order of 100 cheques per year, 15% off safe deposit box rental
- Free, unlimited access to legal, estate, identity theft, and home referral assistance through our Benefits1 Bundle
Daily Interest Savings
For savers who value simple, reliable access to their funds.
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
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
Enjoy your upgrade
Once you turn 60, we will automatically upgrade you to our seniors accounts.
U.S. Dollar accounts
Explore low-fee accounts for those who travel to the U.S. or need an easy way to manage U.S. currency.
Debit cards for everyday payments
FirstOntario debit cards offer a simple, secure, and flexible way to access your money.
Online and mobile banking
Access your chequing and savings accounts 24 hours a day through online and mobile banking.
Ready to open a seniors account?
Apply online, meet with us virtually, or visit us at your nearest branch. If you’re already a member and have turned 60, your upgrade happens automatically.
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 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.
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.