July 6, 2019
Seems like a new online division of an established credit union for Ontario residents.
GICs 1 to 5 yrs. ranging from 1.55% to 2.05%
No registered accounts; no joint accounts.
I am keeping an eye on this one. Thanks.
FirstOntario has 126,000 members and have been operating as a credit union since 1939 (as then, Stelco Employees Credit Union) so it is established. Since their HISA is currently on par with CTFS, if their 1.55% HISA rate proves stable I may open up an account with them in the future in an amount to fall within the DICO/250K FSRA limits.