Port Perry and Scugog Island: banking for this scenic waterfront town on Lake Scugog — compare local credit union, digital banks, and big five.
| # | Bank | Monthly Fee | Interest Rate | Deposit Insurance |
|---|---|---|---|---|
| 🏉 | KOHO | $0 | 3.0% on savings | CDIC (federal) |
| 🏊 | EQ Bank | $0 | 3.75% HISA/FHSA | CDIC (federal) |
| 🏋 | Community First Credit Union | $0–$10 | 0.5–1.5% HISA | DICO (Ontario) unlimited |
| 4 | TD Bank | $10.95–$29.95 | 0.01% | CDIC (federal) |
| 5 | RBC | $11.95–$30.00 | 0.01% | CDIC (federal) |
KOHO is the best everyday banking choice for Port Perry residents. $0 fees and 3% interest beat any big-bank account charging $15–$30/month at 0.01%. Use referral code 45ET55JSYA for a $100 signup bonus.
EQ Bank's 3.75% FHSA is the best savings rate for Port Perry first-time buyers. Contribute $8,000/year (up to $40,000 lifetime) with tax deduction and tax-free growth — ideal for building a down payment in Durham Region.
Community First Credit Union is the most community-rooted institution serving Port Perry. Community First CU (formerly Scugog Community Credit Union) serves Port Perry and Scugog Island with local mortgage expertise, agricultural lending, and full-service community banking.
TD serves Durham Region through its branch network with extended hours. Best for residents needing national coverage, TD's New to Canada program, or US dollar accounts.
RBC serves Durham Region residents through its Ontario branch network with access to 4,400+ ATMs nationally. Best for full investment accounts or cross-Canada coverage.
Use referral code 45ET55JSYA when signing up for KOHO to earn a $100 bonus. Zero monthly fee, 3% interest, cash back on every purchase, and CDIC-insured deposits.
Open KOHO Free → Use Code 45ET55JSYAEstimate how much you save annually by switching to KOHO from your current bank.
Ontario LTT: 0.5% on first $55K, 1% on $250K, 1.5% on $400K, 2% on $2M, 2.5% above. First-time buyers rebate up to $4,000.
Heritage waterfront main street: full bank access including TD, Scotiabank, Community First CU. KOHO for $0 digital banking.
Premium waterfront properties: Community First CU for lakefront mortgages, KOHO for fee-free everyday banking.
Agricultural and rural residential: KCU/Community First CU for farm financing, KOHO for daily banking.
Growing suburban area: EQ Bank FHSA for first-time buyers, KOHO for $0 everyday banking.
Port Perry has TD, Scotiabank, Community First Credit Union (formerly Scugog CU), and others. KOHO is the top digital banking option.
Yes — Community First CU has a Port Perry branch with local mortgage expertise and DICO Ontario unlimited deposit coverage.
Ontario LTT on $700K: approximately $10,475. First-time buyers save up to $4,000. No Toronto MLTT — that only applies within Toronto.
KOHO for everyday banking and Community First CU or TD for waterfront property mortgages.
Zero fees · 3% interest · Cash back · CDIC insured · 5 minutes to open
Get KOHO + $100 →