First Ontario Cu HISA Promo for 90 days @ 3% | General comparisons | Discussion forum

I clicked the link and tried to find a standard fee schedule but had no such luck. But under this promo 's terms and conditions ( posted below ) it appears that it has ended anyway .
3. The Promotional Rate will be paid on the balance of the account, up to a maximum of $1,000,000, for the first 90 days from opening provided the account is opened between July 1st, 2019 and August 30th, 2019. Date subject to change without notice.

$7.50 for in branch transactions Is that a record ? Do the tellers have a tip jar at each wicket too ? I could see a marketing angle here similar to the Naked News website to justify the fees, or perhaps if they had a liquor license and they poured you a drink with your transaction.
I realize it's an E account but they would be wiser to just not allow in branch transactions. And $3.50 to pull 20 bucks from an ATM ? No wonder their fee schedule is so hard to find.

Once the 90 days of 3% are over, the account's regular rates are not that great:

I guess it is a big step up from what their Investment Savings account pays:

I suspect that (one free transaction per month and $3.50 each afterwards) is just for the debit entry to the account and not the total cost.

First withdrawal of the month at an EXCHANGE network ATM would be

$0.00 EXCHANGE ATM fee
$0.00 Debit fee
$0.00 Total

Subsequent withdrawals at the ATM would be

$0.00 EXCHANGE ATM fee
$3.50 Debit fee
$3.50 Total

I think an in-branch withdrawal to a draft would be

  $7.50 In-branch debit fee
$10.00 CAD draft fee
$17.50 Total

Bud said
FO has had some deals over the years. Some of u guys quivering over a few dollars whats ur game. dont mind a ding if im pickin up yield. Just wish they had a branch closer to  

I was looking at their accounts and it seems that the way to avoid most fees on this E savings account is to open a basic chequing account and link them. Then they appear to be quite competitive with other credit unions in regards to fees. Still think they should drop the in - branch fee on their promo as it leaves a bad first impression, especially on those of us who are " quivering " over a few dollars , and if you input "service fees" into the search bar on this site you'll see there are quite a few threads that discuss service fees in general.

Norman1 said
I'm not that sure one can avoid most of the High Interest eSavings Account fees by having one of their chequing accounts. Each debit after the first one is $3.50 even when it's an electronic debit to one of their chequing accounts.

Their eSavings account doesn't offer unlimited free electronic transfers to another one of their accounts, like Alterna Bank's eSavings account or the RBC High Interest eSavings account does.  

That's also how I understand it. So one would have to rely on that one free debit per month to transfer over money you would need for your monthly transactions. It's a workaround if someone is interested in their promo.
Alterna Bank is a good example of an online bank that has an easy to find service fee listing that is pretty straightforward as well.
https://www.alternabank.ca/SharedContent/documents/Fees/AlternaBank_ServFee-Personal_EN_Mar11_18.pdf