EQ Bank pays 3% on everyday savings with zero monthly fees. Peterborough residents — including Trent University students and healthcare workers — benefit from one of Canada's highest CDIC-insured savings rates with no branch visits required.
KOHO gives Peterborough residents 5% cashback on everyday spending with $0 monthly fees. Perfect for Trent students and young professionals. Use code 45ET55JSYA at sign-up for a $100 welcome bonus — the best new account offer in Canada.
Tangerine offers 5% promotional rates on savings for new and returning customers. Peterborough residents saving for a home purchase can maximize short-term returns on their down payment fund with this no-fee digital bank backed by Scotiabank.
Scotiabank has a strong Peterborough presence with multiple branches and the popular Scene+ rewards program. Earn points at Cineplex, Sobeys, and partner retailers. Ideal for full-service banking including mortgages, RRSPs, and business accounts.
TD has multiple Peterborough locations with convenient hours. The All-Inclusive banking plan is fee-free with a $5,000 balance — ideal for working professionals. TD Direct Investing is great for Peterborough residents building long-term portfolios.
RBC serves Peterborough with full-service branches and Canada's most recognized mortgage program. RBC Avion Visa earns travel rewards on everyday spending. Excellent for Peterborough families buying their first home in the Kawartha Lakes region.
Ontario Land Transfer Tax Calculator — Peterborough
Calculate your Ontario LTT and first-time buyer rebate for a Peterborough home purchase.
Ontario Land Transfer Tax:
Frequently Asked Questions — Banking in Peterborough
What is the best bank for Peterborough residents in 2025?
KOHO tops the list for everyday banking with $0 fees, 5% cashback promo, and a $100 bonus (code 45ET55JSYA). For savings, EQ Bank's 3% rate is unmatched among no-fee accounts. Trent University students benefit most from KOHO's no-fee structure, while families should consider TD or RBC for full in-person service at Peterborough branches.
How much is Ontario Land Transfer Tax on a Peterborough home?
On a $530,000 Peterborough home, Ontario LTT is approximately $7,350. First-time buyers receive a rebate of up to $4,000, bringing the net amount to about $3,350. Peterborough has no additional municipal land transfer tax — only the provincial Ontario LTT applies. Use the calculator above for a precise estimate based on your purchase price.
Are there good banks near Trent University in Peterborough?
Yes — most major banks have branches within a short distance of the Trent University campus. However, KOHO is the top pick for students: $0 fees forever (no graduation fee surprise), no credit history required, and a $100 welcome bonus. For savings, EQ Bank's TFSA at 3% is ideal for co-op and summer earnings. Both work entirely from your phone.
What is the Ontario first-time buyer LTT rebate for Peterborough?
Ontario first-time home buyers receive a Land Transfer Tax rebate of up to $4,000. Homes priced at $368,333 or below receive a full rebate (zero LTT). For homes above that price — which is most of Peterborough's market — you pay LTT on the amount above $368,333. There is no City of Peterborough municipal land transfer tax, so only the provincial tax applies.
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.