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Discussion forum General comparisons First Ontario Credit Union – 2% Savings account

First Ontario Credit Union – 2% Savings account
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7:31 am
December 21, 2011


don

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Can you include First Ontario on the list – rate is available on line or in branch

8:28 pm
December 21, 2011


NorthernRaven

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It would seem that FirstOntario membership is limited to Ontario residents. It also isn't obvious that there is any way to connect an external account to this – it seems more to be high-interest option for FirstOntario members, rather than a potential stand-alone savings account like the ones tracked here.

9:21 pm
December 21, 2011


88kanaka

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don said:

Can you include First Ontario on the list – rate is available on line or in branch

Yes, I was doubtful for some reason too. But see here … https://www.firstontariocu.com/Personal/BecomingAMember/ … seems to be a bit of a conflict with in their web site. It says ANYONE can Become a Member of FirstOntario!. I would second it … do not put it on the list.

9:05 am
December 22, 2011


NorthernRaven

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I'd tend to believe the signup page's legal requirements rather than the PR bumpf elsewhere… :) I think Manitoba is rather the exception in allowing non-residents to be members.

BTW, note the $3.50 fee for debit transactions after the 1/month freebie. This looks a lot more like the restrictive HISAs the big banks have (with their $5 fees), just with a high interest rate.
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