EQ Bank pays 3% on your everyday savings with zero monthly fees and no minimum balance. Oshawa residents saving for a home down payment benefit from one of Canada's highest CDIC-insured savings rates — all managed from your phone.
KOHO's promotional cashback plan gives Oshawa residents 5% back on everyday spending categories with $0 monthly fees. Plus earn interest on your balance. Use code 45ET55JSYA at sign-up for a $100 welcome bonus — the best deal available.
Tangerine regularly offers 5% promotional interest rates for new and existing customers on savings accounts. Oshawa residents can take advantage of these promos to turbocharge savings — ideal for parking a down payment fund short-term.
Scotiabank serves Oshawa residents with multiple branches across the city and the Scene+ rewards program. Earn points at Cineplex, Sobeys, and thousands of partners. Great choice for those wanting full in-person service, mortgages, and integrated investing.
TD has multiple Oshawa locations including downtown and Oshawa Centre Mall. The All-Inclusive Plan fee is waived with a $5,000 balance. Excellent for mortgage seekers, investors using TD Direct Investing, and families who want weekend branch hours.
RBC is Canada's largest mortgage lender and a top choice for Oshawa buyers looking at Durham Region real estate. RBC Avion Visa earns travel rewards on daily spending. Multiple Oshawa branches with full-service banking, RRSPs, TFSAs, and investment accounts.
Calculate your Ontario LTT and first-time buyer rebate for an Oshawa home purchase.
Ontario Land Transfer Tax:
Frequently Asked Questions — Banking in Oshawa
What is the best bank for Oshawa residents in 2025?
KOHO is the top choice for everyday banking — $0 monthly fees, 5% cashback promo, and a $100 welcome bonus with code 45ET55JSYA. For savings, EQ Bank's 3% interest rate beats every big bank. Oshawa residents who need in-person service should consider TD or RBC, which both have multiple Oshawa branches.
How much is Ontario Land Transfer Tax on an Oshawa home?
On a $650,000 Oshawa home, Ontario LTT is approximately $9,475. First-time buyers receive a rebate of up to $4,000, reducing the net amount to about $5,475. Oshawa has no additional municipal land transfer tax, unlike Toronto where buyers pay double. Use the calculator above for your exact amount.
Is KOHO safe for banking in Oshawa?
Yes — KOHO is a legitimate Canadian fintech backed by major investors. Deposits are held by Peoples Trust Company and covered by CDIC (Canada Deposit Insurance Corporation) up to $100,000 per category. KOHO has processed billions in transactions for over 1 million Canadians and is regulated by FINTRAC.
Do first-time buyers in Oshawa qualify for the Ontario LTT rebate?
Yes. Ontario first-time home buyers receive a rebate on Land Transfer Tax up to $4,000. If your purchase price is $368,333 or less, the rebate covers the entire LTT amount. For homes priced above $368,333 (which is most of Oshawa), you pay the difference. The rebate applies to Ontario LTT only — there is no City of Oshawa municipal LTT.
Disclaimer: Rates and offers are subject to change. The KOHO 5% cashback is a promotional rate and may vary. Ontario LTT calculations are estimates — consult a real estate lawyer for exact amounts. This page is for informational purposes only and does not constitute financial advice. Bremo.io may earn referral compensation from partner links.