Best Banks in Selwyn Township, Ontario (2025)

Compare top accounts and rates for Selwyn Township residents in Peterborough County

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Best Banks in Selwyn Township, ON — 2025 Rankings

EQ
EQ Bank
Digital · No Fees
3.00%
everyday savings interest
EQ Bank pays 3% on everyday savings with zero monthly fees. Selwyn Township residents enjoy Canada's highest CDIC-insured savings rate, fully managed digitally. Whether you're near Katchewanooka Lake and the Smith-Ennismore rural landscape or commuting to Peterborough, EQ Bank earns more on your money with no branch needed.
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TG
Tangerine
5% Promo Rate
5%
promotional savings rate (limited time)
Tangerine offers 5% promotional savings rates for new and returning customers. Selwyn Township homebuyers can use this promo to maximize interest on their down payment before purchasing in Peterborough County. No fees and no minimums make it ideal for first-time buyers.
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SC
Scotiabank
Full-Service Bank
Scene+
rewards on every purchase
Scotiabank serves Peterborough County with branches and ATMs across the area. The Scene+ rewards program earns points at Cineplex, Sobeys, and local partners. Full mortgage, RRSP, TFSA, and business banking available for Selwyn Township residents and nearby communities.
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TD
TD Bank
Largest Branch Network
$0
fee with $5,000 min balance
TD serves Peterborough County with full-service branch banking. The All-Inclusive Plan fee is waived with a $5,000 minimum balance. Great for Selwyn Township residents who value in-person service, mortgages, and TD Direct Investing for their Peterborough County property and portfolio.
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RBC
RBC Royal Bank
Canada's Largest Bank
Avion
travel rewards program
RBC serves Peterborough County with full-service banking and competitive mortgage rates for Selwyn Township homebuyers. RBC Avion earns travel rewards on daily spending. A strong choice for first-time buyers and move-up buyers exploring properties near Katchewanooka Lake and the Smith-Ennismore rural landscape.
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Ontario Land Transfer Tax Calculator — Selwyn Township

Calculate your Ontario LTT and first-time buyer rebate for a Selwyn Township home purchase. No Toronto municipal LTT applies here.

Ontario Land Transfer Tax:

Frequently Asked Questions — Banking in Selwyn Township

What is the best bank for Selwyn Township residents in 2025?
KOHO is the top pick for everyday banking in Selwyn Township — $0 monthly fees, 5% cashback promo, and a $100 welcome bonus with code 45ET55JSYA. For savings, EQ Bank's 3% no-fee HISA beats every big bank. Selwyn Township residents in Peterborough County also have access to Scotiabank, TD, and RBC branches for in-person needs including mortgages, RRSPs, and business banking.
How much is Ontario Land Transfer Tax on a Selwyn Township home?
On a $780,000 home in Selwyn Township, Ontario LTT is approximately $11,075. First-time buyers receive a rebate of up to $4,000, reducing the net to about $7,075. Selwyn Township has no additional municipal land transfer tax — only the provincial Ontario LTT applies. Use the calculator above for a precise estimate on your purchase price.
Does Selwyn Township have a municipal land transfer tax?
Selwyn Township has no municipal land transfer tax. Only the Ontario provincial LTT applies when buying a home in Selwyn Township or anywhere in Peterborough County. This is a significant advantage over Toronto, where buyers pay both provincial LTT and an additional Toronto municipal LTT. First-time buyers in Selwyn Township also qualify for up to a $4,000 Ontario LTT rebate, or a full exemption on purchases up to $368,000.
What is the real estate market like in Selwyn Township, Ontario?
Selwyn Township wraps around Peterborough's north and east, popular for rural estate properties averaging around $780K. Digital banks like EQ Bank (3% HISA) and KOHO ($100 bonus) are popular for Selwyn Township homebuyers saving for a down payment. KOHO's no-fee structure works especially well for residents commuting to Peterborough or working remotely. Use code 45ET55JSYA to get a $100 bonus when opening a KOHO account.
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.