🏛️ Prescott — Historic St. Lawrence Riverfront

Best Banks in Prescott, ON 2025

Prescott sits on the St. Lawrence River in Leeds and Grenville County — a historic town with an international bridge to Ogdensburg, NY. Whether you're a longtime resident or a new homebuyer, KOHO delivers 3% interest and $0 fees.

🎁 $100 Bonus with KOHO — Code 45ET55JSYA

Top 5 Banks in Prescott, ON

1

KOHO — Best Overall for Prescott Residents

3.0% Interest$0/Month

KOHO earns 3.0% interest on your entire balance with no monthly fees. Prescott homes average around $400,000 — building a $40,000 down payment at 3% earns $1,200/year vs. $40 at a big bank. The $100 signup bonus sweetens the deal further.

Deposits insured by CDIC up to $100,000 per category.

✅ Pros

  • 3.0% on every dollar
  • $0/month — no fees
  • $100 bonus (code 45ET55JSYA)
  • Visa debit + cashback
  • Open fully online

❌ Cons

  • No physical branches
  • No mortgages directly
Open KOHO — Claim $100 Bonus →
2

EQ Bank — Best Savings Rate

3.75% HISANo Fees

EQ Bank's 3.75% HISA is the best savings rate in Canada. On a $40,000 down payment, that's $1,500/year — vs. $40 at a big bank. CDIC insured. TFSA and RRSP available.

✅ Pros

  • 3.75% HISA
  • TFSA and RRSP
  • No monthly fees

❌ Cons

  • No branches
  • No chequing
3

Grenville Community Credit Union — Best Local Option

DICO ON — Unlimited ✅

Grenville Community Credit Union serves Leeds and Grenville County with local banking expertise. Deposits protected by DICO with unlimited coverage. Offers mortgages tailored to the Prescott and Brockville market.

✅ Pros

  • Unlimited deposit protection
  • Local mortgage expertise
  • Member-owned

❌ Cons

  • Monthly fees apply
  • Lower savings rates
4

TD Bank — Full-Service Banking

TD provides full in-person banking services for Prescott residents including mortgages, lines of credit, and investment products. CDIC insured.

✅ Pros

  • Full-service banking
  • Mortgage products

❌ Cons

  • Monthly fees $10.95–$29.95
  • Savings rate 0.01%
5

RBC — Wealth Management & Mortgages

RBC provides mortgage options and wealth management for Prescott residents and St. Lawrence Valley homebuyers. CDIC insured.

✅ Pros

  • Full wealth management
  • Mortgage products

❌ Cons

  • Monthly fees $10.95–$30.00
  • Savings rate 0.01%

Bank Comparison Table — Prescott, ON

BankSavings RateMonthly FeeBest ForDeposit Insurance
🥇 KOHO3.0%$0Daily banking + bonusCDIC $100K/category
EQ Bank3.75%$0Down payment savingsCDIC $100K/category
Grenville CU~0.5%$5–10Local mortgagesDICO ON — Unlimited ✅
TD Bank0.01%$10.95–$29.95Full-serviceCDIC $100K/category
RBC0.01%$10.95–$30.00Wealth managementCDIC $100K/category

Prescott Savings Calculator

$0
Annual Interest with KOHO (3%)
$0
Annual Interest — Big Bank (0.01%)
$0
Monthly Fees Saved per Year
$0
Ontario Land Transfer Tax
$0
Total First-Year Savings with KOHO (incl. $100 bonus)

Prescott Area — Banking Guide

🏛️ Fort Wellington Area

Historic Prescott near the Prescott-Ogdensburg International Bridge. KOHO's digital banking works seamlessly for cross-border commuters.

🌊 St. Lawrence Riverfront

Waterfront properties command premium prices. EQ Bank at 3.75% is ideal for saving toward a riverfront home purchase.

🏡 Prescott Residential

Ontario LTT on a $400K home is ~$4,475. First-time buyers receive up to $4,000 rebate — net cost ~$475 for FTBs.

🌾 Leeds & Grenville County

Rural and agricultural properties. Grenville Community CU offers unlimited DICO protection and local rural mortgage expertise.

Disclaimer: Interest rates and fees are subject to change. KOHO is a product of Peoples Bank of Canada, a CDIC member institution. Ontario Land Transfer Tax calculated using provincial rates as of 2026. This page is for informational purposes only.

FAQ — Best Banks in Prescott, ON

What is the best bank for Prescott, Ontario residents?

KOHO is the top choice for Prescott residents — 3% interest, $0 fees, and a $100 bonus. EQ Bank offers 3.75% for savings. Grenville Community CU provides local mortgage expertise with unlimited DICO protection.

How much is Ontario land transfer tax in Prescott?

On a $400,000 Prescott home, Ontario LTT is approximately $4,475. First-time buyers receive a rebate up to $4,000, reducing the net cost to ~$475.

What is the $100 KOHO bonus?

Use referral code 45ET55JSYA when opening KOHO. The $100 bonus posts after your first qualifying transaction.

🎁 Exclusive $100 Signup Bonus

Open KOHO — Best Bank for Prescott, ON

Earn 3% interest with $0 fees. Ideal for Prescott homebuyers, St. Lawrence riverfront residents, and Leeds & Grenville County families. Use code 45ET55JSYA.

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