About OP Credit Union
Established in February 1958 as a closed-bond Finnish credit union in Toronto and now operating as OP Credit Union with membership open to all communities. It runs a single branch at 191 Eglinton Avenue East, Toronto, offering personal and business banking.
MoreLess
Access: Membership required · Open common bond
Eligible provinces: Ontario
How to join: Become a member online or at the Toronto branch.
Notes: Heritage tie to the Finnish community remains but the bond is now open.
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
Current top rates
rates confirmed as of 2026-09-30Rate history builds here as we track this institution's rates over time.
Term deposit rates
— not stated on siterates confirmed as of 2026-09-30Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Long-term — 1 year + | ||||||
| 18 – 24 months | RRSPRRIFTFSA | N | — | At maturity | — | 1.95% |
| 30 – 36 months | RRSPRRIFTFSA | N | — | At maturity | — | 2.10% |
| Term Deposits -Redeemable · paid at maturity · $1k minimum | ||||||
| 30–89 days | Non-reg | Y | — | At maturity | $1k+ | 0.40% |
| 90–364 days | Non-reg | Y | — | At maturity | $1k+ | 0.50% |
| 1 year | Non-reg | Y | — | At maturity | $1k+ | 1.75% |
| 2 years | Non-reg | Y | — | At maturity | $1k+ | 1.95% |
| 3 years | Non-reg | Y | — | At maturity | $1k+ | 2.10% |
| Children's Trust Account Term Deposit - Non-CallableRedeemable · paid at maturity · $100 minimum | ||||||
| 1 year | Non-reg | Y | — | At maturity | $100+ | 1.75% |
| 2 years | Non-reg | Y | — | At maturity | $100+ | 1.95% |
| 3 years | Non-reg | Y | — | At maturity | $100+ | 2.10% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-09-30Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| Savings | Savings Account | — | — | $1 | 0.35% |
| Savings | Savings Account | — | — | $25,000 | 0.40% |
| Savings | Savings Account | — | — | $50,000 | 0.50% |
| Junior | Hippo Savings Account | — | — | $1 | 0.65% |
| Chequing | |||||
| Chequing | Chequing Account | — | — | $501 | 0.20% |
| Chequing | Chequing Account | — | — | $2,501 | 0.25% |
| Chequing | Chequing Account | — | — | $5,001 | 0.30% |
| RRSP | |||||
| RRSP | Registered TFSA & RRSP | — | — | — | 0.40% |
| RRIF | |||||
| RRIF | RRIF | — | — | — | 0.40% |
| TFSA | |||||
| TFSA | Registered TFSA & RRSP | — | — | — | 0.40% |
No rates match these filters.
Mortgage rates
Highlighted rows are promo ratesrates confirmed as of 2026-09-30Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Open | No | 7.60% |
| 1-year | Fixed | Closed | No | 4.70% |
| 2-year | Fixed | Closed | No | 4.80% |
| 3-year | Fixed | Closed | No | 3.99% |
| 3-year | Fixed | Closed | No | 5.15% |
| No set term | Variable | Closed | No | 5.95% |
| Mortgage - Variable 1stVariable · closed · conventional | ||||
| No set term | Variable | Closed | No | 5.45% |
No mortgage rates match these filters.
Home equity line of credit
| Product | Posted rate |
|---|---|
| Equity Line of Credit - 1st | 4.95% |
| Equity Line of Credit - 2nd | 5.95% |
We hunt. You gather.
Rates change without notice. Get rate alerts from Ratehunter and you'll be the first to know when OP Credit Union — or anyone else — posts a better rate.
Get rate alertsBrowse all institutions · Best GIC rates · Best HISA rates · Best mortgage rates