FirstOntario Credit Union GIC rates compared
FirstOntario Credit Union's best posted rate is 4.00% on a 54-month term, which too few issuers publish for a market comparison. On the 5-year term it posts 3.50% against 4.30% from WealthONE Bank of Canada. Both are covered, FirstOntario Credit Union by FSRA.
Get FirstOntario GICsHow do FirstOntario Credit Union's GIC rates compare to the best in Canada?
On a 5-year term FirstOntario Credit Union posts 3.50% against 4.30% from WealthONE Bank of Canada, the best we track. Every term it publishes is compared the same way below.
| Term | FirstOntario Credit Union | Best in Canada | Gap | Leader |
|---|---|---|---|---|
| 1-year | 3.00% | 3.70% | −0.70 pts | WealthONE Bank of Canada |
| 2-year | 3.20% | 3.95% | −0.75 pts | WealthONE Bank of Canada |
| 3-year | 3.35% | 4.05% | −0.70 pts | WealthONE Bank of Canada |
| 4-year | 3.35% | 4.10% | −0.75 pts | WealthONE Bank of Canada |
| 5-year | 3.50% | 4.30% | −0.80 pts | WealthONE Bank of Canada |
FirstOntario Credit Union does not publish how often its term deposits compound. Every other rate on this site is an annual equivalent, so the figures above are comparable only if FirstOntario Credit Union compounds annually too — and it does not say. Ask them before you commit: on a five-year term the difference between annual and simple interest is real money. If you find it stated anywhere, tell us and it goes on this page.
Is FirstOntario Credit Union's GIC covered by FSRA?
Yes, though not by CDIC. FirstOntario Credit Union is a credit union regulated in Ontario, so its deposits are protected to $250,000 by the Financial Services Regulatory Authority of Ontario rather than to CDIC's $100,000.
Ontario. Eligible deposits in registered accounts are covered without limit; non-registered deposits are covered to $250,000.
Where do these FirstOntario Credit Union rates come from?
Directly from FirstOntario Credit Union's own posted rate page at firstontario.com, read by hand on 2026-09-06. FirstOntario Credit Union does not date its posted rates, so the read date is the only currency guarantee available.
All 10 terms FirstOntario Credit Union posts were captured in that read. No aggregator, no feed, no affiliate link.
FirstOntario Credit Union's posted rates on firstontario.comHow we collect and check ratesWho should buy a GIC from FirstOntario Credit Union?
People who already bank at FirstOntario Credit Union, mostly. It does not lead any term we track, so what is left is the convenience of not moving money, priced below.
Common questions about FirstOntario Credit Union GICs
What is FirstOntario Credit Union's minimum GIC deposit?
$1,000, at the top of the $100 to $1,000 range the 23 published minimums cover. It is the common figure rather than an unusual one: several higher-paying issuers ask the same.
Does FirstOntario Credit Union have the best GIC rate in Canada?
Not on a 5-year term. FirstOntario Credit Union posts 3.50% there, against 4.30% from WealthONE Bank of Canada: a gap of 0.80 points on the same term, for the same non-redeemable product. The table above runs the same comparison across all 5 terms.
Which GIC terms does FirstOntario Credit Union offer?
10 terms are posted on firstontario.com, from 90–179 days to 5 year. The comparison table above covers the 5 annual terms where enough issuers publish a rate for a market comparison to mean anything.
Does FirstOntario Credit Union pay GIC interest monthly?
FirstOntario Credit Union does not post a separate interest-paid-monthly rate on firstontario.com, so we do not publish one. Where an issuer posts one it is always lower than the compounding rate, which makes it worth asking before you choose monthly income.
Are these FirstOntario Credit Union rates promotional?
No. These are FirstOntario Credit Union's standard posted rates, read from firstontario.com on 2026-09-06. FirstOntario Credit Union does not date its posted rates, so that read date is the only currency guarantee available here. Limited-time promotions are noted separately rather than used to move an institution up the ranking.
How we collect and check ratesWhat would FirstOntario Credit Union's 3-year rate pay on your deposit?
On $50,000 it pays $5,195 in interest over the full term. Change the amount to see what that becomes on yours, then compare it against the leader.
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Independent and unaffiliated. Rates are read from FirstOntario Credit Union's own posted page at firstontario.com and may change without notice. Educational information only, not financial advice. Published by Croton Holdings LLC. Corrections to daniel@crotoncontent.com.