Best Banks in Englehart, Ontario 2025

Updated March 2026 · Englehart, ON · Timiskaming District · Northern Ontario

Englehart is a small agricultural and forestry town in the Timiskaming District of Northern Ontario. With modest home prices and a close-knit community, residents benefit most from zero-fee digital banking that earns real interest on every dollar.

KOHO $0/month

Best overall — 3% interest, zero fees

KOHO pays 3% interest on your full balance at $0/month forever. For Englehart residents earning typical Northern Ontario incomes, keeping $2,500–$5,000 in KOHO earns $75–$150/year in passive interest — compared to near zero at the big banks — while paying nothing in fees.

✅ Pros

3% interest on full balance
$0 fees forever
1% cash back
Credit building Secured Visa
CDIC insured
$100 bonus — code 45ET55JSYA

⚠️ Cons

No Englehart branches
No mortgage products
No cash deposits

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EQ Bank

Best savings — 3.75% TFSA & FHSA

EQ Bank's 3.75% FHSA and TFSA are the best savings rates available. Englehart's very affordable homes make the FHSA especially impactful — the $40K lifetime limit can cover 15–20%+ of a local home purchase.

✅ Pros

3.75% TFSA & FHSA
$0 fees, no minimums
CDIC insured

⚠️ Cons

No chequing — pair with KOHO
No branch or ATM

Northern Credit Union Local

Best local — unlimited DICO, Northern roots

Northern Credit Union has branches across the Timiskaming District with unlimited DICO coverage and deep Northern Ontario agricultural and forestry lending expertise. The go-to for local mortgages and in-person service.

✅ Pros

Nearby branches in Timiskaming District
Unlimited DICO deposit coverage
Agricultural lending expertise
Northern Ontario community bank

⚠️ Cons

Monthly fees on chequing
Lower savings rates than digital banks

TD Bank

National network

✅ Pros

National 15,000+ ATM network
Full mortgage & investment products
CDIC insured

⚠️ Cons

$10.95–$29.95/month fees
0.01% chequing interest
No Englehart branch

RBC Royal Bank

Full-service national banking

✅ Pros

National ATM network
Full mortgage products
CDIC insured

⚠️ Cons

$11.95–$30.95/month fees
0.01% savings rate
No Englehart branch

Quick Comparison: Englehart Banks 2025

Bank	Monthly Fee	Interest Rate	Deposit Insurance	Local Branch
KOHO	$0	3.00%	CDIC	App only
EQ Bank	$0	3.75% TFSA/FHSA	CDIC	App only
Northern CU	Varies	~1–2%	DICO unlimited	Nearby
TD Bank	$10.95–$29.95	0.01%	CDIC	No
RBC	$11.95–$30.95	0.01%	CDIC	No

🏠 Ontario Land Transfer Tax Calculator — Englehart

Ontario LTT only — no Toronto MLTT. First-time buyer rebate up to $4,000.

Home Purchase Price ($):

First-time buyer?

Save $300+/year in Englehart with KOHO

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Frequently Asked Questions

What is the best bank in Englehart, Ontario?

KOHO is best for everyday banking — $0 fees with 3% interest. Northern Credit Union is the top local option with nearby Timiskaming District branches and unlimited DICO deposit coverage. Many Englehart residents use KOHO for daily transactions and Northern CU for their mortgage.

What is the Ontario Land Transfer Tax on an Englehart home?

Englehart falls under Ontario LTT only. On a $240,000 home the Ontario LTT is approximately $2,025. First-time buyers get a rebate up to $4,000, so most Englehart first-time buyers pay $0 in LTT.

Englehart's Best Bank: $0 + 3% Interest

KOHO: No fees, 3% on your balance. Use code 45ET55JSYA for a $100 welcome bonus.

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