Savings Accounts

Savings Accounts that really do save. And pay.

When it comes to choosing a Savings Account, start with two features above all: Easy access to your funds when you need them. And maximum available interest on your money when you don’t.

 Look no further.

 With a FirstOntario savings account, you’re assured of convenient access via Interac® Direct Payment or 2400 surcharge-free ATMs coast to coast in Canada. Plus competitive interest rates, no monthly service fees, no-charge deposits and free bill payments when you use on-line banking, ATM or telephone banking to help your savings grow.

 Which just about wraps it up.

Now your biggest challenge is choosing the FirstOntario savings account best for your needs. But even that’s easy:

► Daily Interest Savings

The ideal companion account to FirstOntario FREE Banking. Interest is calculated daily and paid at month’s end. And the really good news?

Check it out:

• No monthly maintenance fees
• No charge for deposits
• Interac Direct Payment and FirstOntario ATM access at no charge5
• Two free debits6  each month7  ($0.75 per item thereafter)
• Free electronic bill payment using on-line banking, ATM or telephone banking.

► Investment Savings

Aiming for long-term goals such as a down payment on your first home, with a savings account paying competitive rates at minimum charges? You’ve found it here.

• No monthly maintenance fees
• No charge for deposits
• Accessible via ATMs and Interac Direct Payment
• One free debit8 per month ($2.50 per item thereafter)

► High Interest eSavings

If you’re interested in parking your money to earn the most competitive interest rates… and not interested in making frequent in-branch or self-serve transactions… we created this savings plan just for you.

• Interest calculated daily and paid at month’s end.
• No monthly maintenance fees
• No minimum balance required
• No charge for deposits made via on-line/telephone banking or ATM
• No charge for electronic bill payment via on-line/telephone or ATM banking
• One free electronic debit10 per month ($3.50 per item thereafter)10
• Funds are accessible through on-line banking, Interac, or any ATM (no charge at FirstOntario and THE EXCHANGE® Network ATMs) and PAT.

► Senior Savings

A stand-alone savings account for Members 60 years of age or older that gets even better when paired with Free Banking Chequing Plan.

• No service charges, even on bill payments
• No monthly maintenance fees
• No charges for in-branch deposits or withdrawals
• Earns interest (calculated daily and paid at month’s end) higher than regular FirstOntario savings accounts
• Funds are accessible without charge at FirstOntario ATMs or THE EXCHANGE Network ATMs in Canada9


  5 $1.45 per transaction at THE EXCHANGE Network ATMs or elsewhere in Canada; $1.95 outside Canada
  6 Eligible debits include cheques, POS, direct debits, ATM or in-branch withdrawals/transfers, bill payments, online banking and telephone banking debits, and pre-authorized payments.
  7 Waived with minimum monthly balance of $3000.
  8 Includes cheques, POS, direct debits, ATM or in-branch withdrawals/transfers, bill payments, online banking and telephone banking debits, and pre-authorized payments
  9 $1.95 at ATMs outside Canada
  10 Includes cheques, POS, direct debits, ATM or in-branch withdrawals/transfers, bill payments, online/telephone banking debits, and pre-authorized payments.
 
 

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