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Ontario Educational Credit Union

Credit union· Mississauga, Ontario· Since 1962Restricted membership

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data as of 2026-10-16 · How we track rates

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About Ontario Educational Credit Union

Ontario Educational Credit Union (OECU) is a Mississauga-based credit union serving Ontario's education community, with roots in a 1962 teachers' credit union in the Toronto Township School Board; it adopted the OECU name in 1998 when its bond expanded to all educational employees in Ontario. It offers full-service banking to active and retired education-sector employees and their families.

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Access: Membership required · Closed common bond

Eligible provinces: Ontario

How to join: Eligible education-sector employees or family members open a membership account with OECU directly.

Notes: Active or retired educational employees and their families throughout Ontario

Deposit protection: Financial Services Regulatory Authority of Ontario

prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019

How deposit insurance works →

Current top rates

rates confirmed as of 2026-10-15
Best GIC · 5-year3.35%
Best mortgage · 5-year fixed4.79%
Prime rate4.45%
GIC ladderBest rate
1-year GIC2.75%
2-year GIC2.80%
3-year GIC3.10%
4-year GIC3.25%
5-year GIC3.35%

Base ladder rates. Institution may have more term rates below.

Rate history builds here as we track this institution's rates over time.

Term deposit rates

— not stated on siterates confirmed as of 2026-10-15
Filter rates
TermRegistrationRedeemableCompoundingInterest paidMin–Max depositRate
Short-term — under 1 year
30 – 59 daysNon-regY—At maturity$500+1.50%
60 – 89 daysNon-regY—At maturity$500+1.85%
90 – 179 daysNon-regY—At maturity$500+2.15%
180 – 364 daysNon-regY—At maturity$500+2.25%
Long-term — 1 year +
1 yearNon-regRRSPRRIFTFSAN—At maturity$500+2.75%
15 – 21 monthsRRSPRRIFTFSAN—At maturity—2.80%
2 yearsNon-regRRSPRRIFTFSAN—At maturity$500+2.80%
3 yearsNon-regRRSPRRIFTFSAN—At maturity$500+3.10%
4 yearsNon-regRRSPRRIFTFSAN—At maturity$500+3.25%
5 yearsNon-regRRSPRRIFTFSAN—At maturity$500+3.35%

Savings & chequing rates

rates confirmed as of 2026-10-15
Filter rates
TypeProductCalculatedPaidMin. balanceRate
Savings
SavingsChristmas ClubDailyAnnually—0.50%
SavingsDaily InterestDailyMonthly—0.50%
SavingsEquityDailyAnnually—0.50%
SavingsPremiumDailySemi-annually—1.00%
SavingsRRSP / RRIF Variable Rate———0.25%
SavingsSecuredDailyQuarterly—0.05%
SavingsSummerDailyAnnually—0.50%
SavingsTeachers Funded LeaveDailyQuarterly—1.50%
SavingsVIPDailyAnnually—0.50%
Chequing
ChequingPersonal 1, Senior Package——$00.05%
ChequingPersonal 1, Senior Package——$3,0000.10%
ChequingPersonal 1, Senior Package——$10,0000.20%
ChequingPersonal 1, Senior Package——$25,0000.30%
ChequingPersonal 1, Senior Package——$60,0000.40%
RRSP
RRSPRRSP / RRIF MonthlyDailyMonthly$10,0001.75%
RRSPRRSP / RRIF MonthlyDailyMonthly$20,0001.90%
RRSPRRSP / RRIF MonthlyDailyMonthly$40,0002.00%
RRIF
RRIFRRSP / RRIF MonthlyDailyMonthly$10,0001.75%
RRIFRRSP / RRIF MonthlyDailyMonthly$20,0001.90%
RRIFRRSP / RRIF MonthlyDailyMonthly$40,0002.00%
TFSA
TFSATFSA VariableDailyMonthly—1.50%

Mortgage rates

rates confirmed as of 2026-10-15
Filter rates
TermTypeOpen / closedInsuredPosted rate
6-monthFixedOpenNo8.50%
1-yearFixedOpenNo8.00%
2-yearFixedOpenNo8.00%
6-monthFixedClosedNo6.99%
1-yearFixedClosedNo5.20%
2-yearFixedClosedNo4.89%
3-yearFixedClosedNo4.69%
4-yearFixedClosedNo4.79%
5-yearFixedClosedNo4.79%

Home equity line of credit

ProductPosted rate
Meritline4.45%

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