About FirstOntario Credit Union
FirstOntario Credit Union is a member-owned financial co-operative founded in 1939 in Hamilton as the Stelco Employees Credit Union. It has grown through mergers (Avestel, Family Savings) into one of Ontario's largest credit unions, serving more than 126,000 members. It offers full-service personal and business banking, lending, mortgages and investments.
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Access: Membership required · Open common bond
Eligible provinces: Ontario
How to join: Open a membership account online or at any branch; members become shareholders with voting rights.
Deposit protection: Financial Services Regulatory Authority of Ontario
prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019
Current top rates
rates confirmed as of 2026-10-15| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.35% |
| 2-year GIC | 3.60% |
| 3-year GIC | 3.70% |
| 4-year GIC | 3.70% |
| 5-year GIC | 3.80% |
Base ladder rates. Institution may have more term rates below.
GIC rate history
Best historical posted GIC rate by term
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Term deposit rates
Highlighted rows are promo rates— not stated on siterates confirmed as of 2026-10-15Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 90–269 days | Non-regRRSPRRIFTFSAFHSA | N | — | At maturity | $1k+ | 2.70% |
| 90–269 days | Non-regRRSPRRIFTFSAFHSA | Y | — | At maturity | $1k+ | 2.10% |
| 270 – 364 days | Non-regRRSPRRIFTFSAFHSA | N | — | At maturity | $1k+ | 2.85% |
| 270 – 364 days | Non-regRRSPRRIFTFSAFHSA | Y | — | At maturity | $1k+ | 2.25% |
| Long-term — 1 year + | ||||||
| 1 year | Non-regRRSPRESPRRIFTFSAFHSA | N | Annually | At maturity | $1k+ | 3.35% |
| 1 year | Non-regRRSPRESPRRIFTFSAFHSA | Y | Annually | At maturity | $1k+ | 2.65% |
| 18 months | Non-reg | N | — | At maturity | — | 4.00% |
| 2 years | Non-regRRSPRESPRRIFTFSAFHSA | N | Annually | At maturity | $1k+ | 3.60% |
| 2 years | Non-regRRSPRESPRRIFTFSAFHSA | Y | Annually | At maturity | $1k+ | 3.10% |
| 3 years | Non-regRRSPRESPRRIFTFSAFHSA | N | Annually | At maturity | $1k+ | 3.70% |
| 3 years | Non-regRRSPRESPRRIFTFSAFHSA | Y | Annually | At maturity | $1k+ | 3.15% |
| 4 years | Non-regRRSPRESPRRIFTFSAFHSA | N | Annually | At maturity | $1k+ | 3.70% |
| 4 years | Non-regRRSPRESPRRIFTFSAFHSA | Y | Annually | At maturity | $1k+ | 3.15% |
| 54 months | Non-reg | N | — | At maturity | — | 4.35% |
| 5 years | Non-regRRSPRESPRRIFTFSAFHSA | N | Annually | At maturity | $1k+ | 3.80% |
| 5 years | Non-regRRSPRESPRRIFTFSAFHSA | Y | Annually | At maturity | $1k+ | 3.15% |
| FlexSavings Cashable GICCashable · paid at maturity | ||||||
| 13 months | Non-reg | cashable | — | At maturity | — | 3.20% |
| U.S. dollar — all terms | ||||||
| 30 – 59 days | Non-reg | N | — | At maturity | $1k+ | 2.80% |
| 60 – 89 days | Non-reg | N | — | At maturity | $1k+ | 2.85% |
| 90 – 179 days | Non-reg | N | — | At maturity | $1k+ | 2.90% |
| 180 – 269 days | Non-reg | N | — | At maturity | $1k+ | 3.00% |
| 270 – 364 days | Non-reg | N | — | At maturity | $1k+ | 3.10% |
| 1 year | Non-reg | N | — | At maturity | $1k+ | 4.15% |
| 2 years | Non-reg | N | — | At maturity | $1k+ | 4.05% |
| 3 years | Non-reg | N | — | At maturity | $1k+ | 4.10% |
| 4 years | Non-reg | N | — | At maturity | $1k+ | 4.15% |
| 5 years | Non-reg | N | — | At maturity | $1k+ | 4.10% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-15Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| Savings | Daily Interest Savings | — | — | $0 | 0.05% |
| Savings | Daily Interest Savings | — | — | $1,000.01 | 0.05% |
| Savings | Daily Interest Savings | — | — | $5,000.01 | 0.05% |
| Savings | Daily Interest Savings | — | — | $10,000.01 | 0.05% |
| Savings | Investment Savings | — | — | — | 0.30% |
| HISA | High Interest eSavings Account | — | — | $0 | 0.60% |
| HISA | High Interest eSavings Account | — | — | $100,000.01 | 0.75% |
| HISA | High Interest eSavings Account | — | — | $200,000.01 | 0.80% |
| Senior | Seniors Daily Interest Savings | — | — | $0 | 0.05% |
| Senior | Seniors Daily Interest Savings | — | — | $1,000.01 | 0.05% |
| Senior | Seniors Daily Interest Savings | — | — | $5,000.01 | 0.05% |
| Senior | Seniors Daily Interest Savings | — | — | $10,000.01 | 0.05% |
| USD | US Dollar Investment SavingsUS$ | — | — | — | 0.15% |
| RRSP | |||||
| RRSP | RRSP Investment Savings | — | — | — | 0.05% |
| RRIF | |||||
| RRIF | RRIF Investment Savings | — | — | — | 0.05% |
| TFSA | |||||
| TFSA | TFSA Investment Savings | — | — | — | 0.60% |
| FHSA | |||||
| FHSA | FHSA Investment Savings | — | — | — | 3.20% |
No rates match these filters.
Mortgage rates
Highlighted rows are promo ratesrates confirmed as of 2026-10-15Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 6-month | Fixed | Open | No | 8.09% |
| 1-year | Fixed | Open | No | 8.09% |
| 1-year | Fixed | Closed | No | 5.49% |
| 2-year | Fixed | Closed | No | 4.84% |
| 3-year | Fixed | Closed | No | 4.94% |
| 4-year | Fixed | Closed | No | 4.99% |
| 5-year | Fixed | Closed | No | 5.04% |
| 7-year | Fixed | Closed | No | 5.94% |
| 10-year | Fixed | Closed | No | 6.14% |
| 6-month | Fixed | Convertible | No | 6.34% |
| 5-year | Variable | Open | No | 5.95% |
| 5-year | Variable | Closed | No | 4.05% |
| 3-year | Fixed | Closed | Yes | 4.54% |
| 5-year | Variable | Closed | Yes | 3.45% |
No mortgage rates match these filters.
Home equity line of credit
| Product | Posted rate |
|---|---|
| MeritLine home equity line of credit | 4.85% |
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