Fall Deposit Campaign

Great rates to build your savings.
Choose the one that's right for you.


FirstOntario offers a wide range of term deposit products. Investing in a term deposit, also known as a GIC, is a great way to save to achieve your financial goals - the principal is guaranteed and the rate is higher than most savings accounts.

Plus, term deposit products can be held within registered plans like your RSP, RIF or TFSA. This means you get a great rate and you won’t pay taxes on the interest earned!


1 Year at 2.00%*

Saving for a trip? Or a down payment on your dream home? Take the current balance of your savings account and invest it in a term deposit for 1 Year and watch your savings grow!

5 Year at 2.75%*

Planning your retirement?  Or maybe a renovation in the next few years?  Lock in for a little bit longer to earn a higher rate.


What does it mean to be a Member of FirstOntario? Expand/Collapse

Being a Member of FirstOntario means you’ll enjoy free banking without asterisks, exceptions or excuses:

• Free chequing
• No monthly fees
• No service charges
• No limit on transactions
• No minimum account balance
• No-fee Mastercard® convenience
• No problem accessing 2400 ATMs across Canada and more than 30,000 co-op network ATMs around the world

Plus higher returns on your deposits, and lower rates on loans and mortgages.

But money isn’t everything. As a FirstOntario Member you’ll help choose our Board of Directors, and be eligible to run for election to the Board yourself. (When was the last time a bank asked your opinion on its Board of Directors?)

If you’re currently a bank customer, you’ll also discover better service at FirstOntario – the kind that reflects our view of you as a person rather than a number.

Anyone can become a Member. Learn more by clicking here.

How do I take advantage of this offer? Expand/Collapse

Investing in a term deposit is easy.  Whether you’re already a Member or are going to become one, we’ll get you set up in no time! 

  • Visit your local branch. Find your closest branch by clicking here.
  • Contact our Member Solutions Centre at 1-800-616-8878
  • Email us by clicking here

What are your other term deposit rates? Expand/Collapse

Click here to get our current unregistered term deposit rates.

How do term deposits work? Expand/Collapse

  • When you open your term deposit, you decide how much you want to invest for the term.  The term is the number of months over which your money will be invested and earn the associated rate. 
  • Once you’ve invested the principal amount, those funds will remain in the term deposit until the maturity date
  • The term ends on the maturity date.  So, a 1 year term deposit ends 1 year from the opening date. 
  • On the maturity date, your principal and interest earned can be deposited into your chequing account or re-invested in another term deposit product.  You can decide which option works best for you.

Learn about our other products:

*Conditions apply. Rates are subject to change. Rates apply to registed and non-registered products.

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