Field of Purple Flowers

​Deposit and Investment Insurance

Government-guaranteed peace of mind

Your deposits and investments at FirstOntario are automatically insured by the Financial Services Regulatory Authority (FSRA) up to $250,000 (more than the banks!) if they are held outside a registered plan and coverage is unlimited if the investment is registered (RRSP, RRIF, RESP or TFSA). 

FSRA is an agency of the Government of Ontario which provides deposit insurance protection for the members of all Ontario credit unions and caisses populaires.

Learn about FSRA

What is covered

  • Savings and chequing accounts
  • GICs, index-linked and other term deposits
  • Money orders; travelers cheques and drafts, as long as the funds are in Canadian dollars

There’s also coverage for deposits made toward realty taxes on mortgaged property money held in trust accounts. If your deposits and investments are held in a single name, you’re protected by the government guarantee up to a combined $250,000 per person.  But joint accounts are eligible for another $250,000 of protection on deposits per set of joint depositors, separate from the money you hold in your own name.

Investments such as stocks, bonds, mutual funds and credit union investment shares are not covered.

Unlimited Protection Plan for Registered Deposits and Investments

There’s no limit to the insurance coverage for deposits and investments in registered plans at FirstOntario Credit Union. FSRA guarantees every dollar invested in an RRSP, RRIF, RESP or TFSA.

Having all of your registered deposits with FirstOntario means you can potentially earn more, save time and feel secure. Here’s why.

  • You don’t need to track investments in multiple locations
  • You can minimize service fees that can deplete your savings
  • You can get the advice you need on your full portfolio

Learn more about FSRA

Take a look at...

​High Interest eSavings Account

Premium interest rates for savvy savers.  


Your retirement savings will grow tax-free with a Registered Retirement Savings Plan.


Grow your savings tax-free with a Tax-Free Savings Account.