It's time for banking that puts you first.

Spend, save, and earn with always-on high interest and no fees on everyday banking.

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600k+ Customers and growing
Up to 7x more Interest than with other banks⁶
$0 fees On everyday banking

600k+ Customers and growing
Earn 2.75% Interest on every dollar^*
$0 fees On everyday banking

No fees on everyday banking

Eligible for CDIC protection^†

No fees

Eligible for CDIC protection^†

No fees

Eligible for CDIC protection^†

Personal Account

2.75%^*

The best features of a chequing account with high interest and no fees on everyday banking.

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Notice Savings Account

Up to 7x more ⁶

Some of the best savings rates in Canada and access to your money with as little as 10 days notice.

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Joint Account

2.75%^*

Shared banking for up to 4 people with the features of the Personal Account.

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US Dollar Account

2.50%^*

High interest earnings on US dollars with easy transfer features and competitive exchange rates.

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GICs

3.00 %^** (1-year rate)

Low risk registered and non-registered investing with guaranteed returns and a range of terms.

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RRSP

1.50%^*

High interest investing for retirement savings with tax-deductible contributions.

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TFSA

1.50%^*

High interest tax-free earnings with the flexibility to make free withdrawals.

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FHSA

1.50%^*

High interest tax-free earnings on savings for a first home with tax-deductible contributions.

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EQ Bank Card

A reloadable spending card⁴ with cash back,² free withdrawals from any ATM in Canada, and more.

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International Money Transfers

No markup exchange rate for sending money abroad in a few steps—up to 5×^‡ cheaper than other banks.

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1 year

3.00%⁸

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3 months

2.60%⁸

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6 months

2.75%⁸

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15 months

3.00%⁸

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Registered and Non-registered GICs available.

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Make Bank with one of Canada’s best.

No monthly fees, no minimum balance

Everyday high interest rates for everybody

Dedicated customer support, 7 days a week

Deposits may be eligible for CDIC protection†

We checked and...we check all the boxes

	Other banks	EQ Bank
Everyday banking fees	Monthly fees, NSF fees, transaction fees, etc.	No everyday banking fees
Interest rate	Barely-there interest rates on everyday banking	High interest on everyday banking
Access to great rates	Interest rate incentives for new customers only	Same access to great rates for all customers
Cash back	Cashback that can be restricted to certain partners	Cash back on every purchase²
ATM fees	Fees with certain ATMs	Free withdrawals from any ATM in Canada

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We took advantage of EQ Bank's high interest to help us save for our wedding. We opened an account when we got engaged last year, and we got married this week—EQ Bank helped our money work for us 💍

Breanne
I can't stomach paying monthly bank fees—that's why I use EQ Bank. I've saved thousands so far!

Luc
With EQ Bank, I can max out my FHSA every year, contribute to my RRSP, and let my money grow in GICs 🤑

Emma
EQ Bank is one of the best banks out there 💸

Rhea
I love being able to create different "pots" of money with EQ Bank. I can save for different goals and a watch my numbers grow 🪴

Stephanie
I used EQ Bank's FHSA to buy my first house 🏡

Kangmin

Personal Business

Home
- Everyday Banking
- Saving
- Investing
  - GICs
  - RRSP
Earn 2.75% interest
Boost your interest rate in your Personal Account when you add direct deposit.
Learn more
Rates
1 year
3.00%
Get this rate
3 months
2.60%
Get this rate
6 months
2.75%
Get this rate
15 months
3.00%
Get this rate
View more GIC rates
Mortgage

Earn 2.75% interest* in your Personal Account when you set up direct deposit.

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Footnotes

Footnote *: Interest is calculated daily on the total closing balance and paid monthly. For the EQ Bank Card, interest is paid into the linked Personal Account. Rates are per annum and subject to change without notice. For the Personal Account, Joint Account and EQ Bank Card, the current base interest rate is 1.00% (the “Base Rate”). Customers who add and maintain qualifying recurring direct deposits of at least $2000/month to a Personal Account or Joint Account are eligible to earn a bonus interest rate of 2.75% (the Base Rate plus an additional 1.75%) for the eligible accounts (the Personal Account, Joint Account, and the EQ Bank Card balance). Conditions apply. Please review the EQ Bank Bonus Interest Offer Terms and Conditions for details.

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Footnote 1: Transactions are subject to certain dollar limit maximums. For details, please see our Personal Account Fees & Features page.

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Footnote 2: Cash back will be paid monthly. See the EQ Bank Card Agreement for details on earning cash back and other terms and conditions that apply to the EQ Bank Card.

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Footnote 3: Foreign currency transactions will be subject to the Mastercard Currency Conversion rate. EQ Bank does not charge any additional FX fee or markup.

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Footnote 4: The EQ Bank Card is a prepaid reloadable Mastercard^® issued by Equitable Bank pursuant to a licence from Mastercard International Incorporated.

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Footnote 5: To make a “qualifying withdrawal”, you must be a first-time homebuyer who is a resident of Canada, have a written agreement to buy or build a qualifying home in Canada before October 1 of the year following the year of withdrawal, and intend to occupy the qualifying home as your principal place of residence within one year of buying or building it. You must not have acquired the qualifying home more than 30 days before making the withdrawal.

You will be considered to be a "first-time home buyer” for the purposes of a qualifying withdrawal if, at any time in the calendar year before the withdrawal (except the 30 days immediately before the withdrawal) or at any time in the preceding four calendar years, you did not live in a qualifying home (or what would be a qualifying home if located in Canada) as your principal place of residence that you owned or jointly owned.

A "qualifying home" is defined as a housing unit located in Canada. This includes existing homes and those being constructed, such as single-family homes, semi-detached homes, townhouses, mobile homes, condominium units, and apartments in duplexes, triplexes, fourplexes, or apartment buildings, but does not include a share that only provides you with a right to tenancy in the housing unit.

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Footnote 6: Based on research conducted by Equitable Bank comparing base interest rates of savings accounts offered by Canada’s ‘Big 5’ banks, Tangerine Bank, and Simplii Financial and the EQ Bank Notice Savings Account at 2.75% interest per annum. Research is based on savings account interest rates taken from public websites as at January 12, 2026. Promotions and rate premiums are excluded. Interest calculated daily on the total closing balance and paid monthly. Most savings accounts in Canada allow the account holder to access funds in the account at any time, whereas the EQ Bank Notice Savings Account at 2.75% interest per annum requires 30 days advance notice.

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Footnote 7: The Promotion is open to Eligible Customers who deposit New Deposits into their Registered Cash Savings Account(s) from November 27, 2025, at 12:01 a.m. ET to March 2, 2026, at 11:59 p.m. ET, and hold such New Deposits in their Registered Cash Savings Account(s) for six months, beginning March 2, 2026. Eligible Customers will receive a Bonus Payment based on the amount of qualifying New Deposits made during the Promotional Period as follows: (a) $100 for New Deposits of $4,000.00 to $6,999.99; (b) $150 for New Deposits of $7,000.00 to $9,999.99; and (c) $200 for New Deposits of $10,000.00 or more. Limit of one Bonus Payment per Eligible Customer. New Deposits held in Registered GICs are not eligible for the Bonus. New Deposits must be new funds transferred from outside of EQ Bank during the Promotional Period. EQ Bank does not offer the RRSP or FHSA in the province of Quebec. Conditions apply. Please review the EQ Bank Registered Season Bonus Promotion Terms & Conditions (the “Terms”) for full details. Promotion may be changed, cancelled or extended at any time. Capitalized terms used but not defined here have the meanings set out in the Terms.

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Footnote 8: EQ Bank GICs are non-redeemable. For GIC terms of less than one year, simple interest is calculated on a per diem basis and paid at maturity. For GIC terms equal to one year, simple interest is calculated on a per annum basis and paid at maturity. For GIC terms of over one year, not including 15 and 27 month terms, interest is calculated on a per annum basis and paid either annually (simple interest) or at maturity (compounded annually). For GIC terms of 15 and 27 months, interest is calculated on a per annum basis, compounded annually and paid solely at maturity. In all cases, interest is accrued for the entire GIC term. Maximum 20 GICs per customer. Each GIC purchase has a minimum purchase requirement of $100. The per GIC investment limit is $100,000. Aggregate GIC investment limit of $2,000,000 per business.

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Footnote ®: Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

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Footnote †: Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank. Deposits made under EQ Bank and Equitable Bank are aggregately eligible for CDIC protection up to $100,000, per insured category, per depositor.

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Footnote ‡: Based on research conducted by Equitable Bank comparing exchange rates and transaction fees from Wise, Canada’s ‘Big 5’ banks and Simplii Financial. Research considered comparable online global money transfer services and was conducted using the following transactions for $500 CAD: total cost to send CAD to INR in India, total cost to send CAD to USD in the United States and total cost to send CAD to EUR in France. Research took place on March 4, 2025. Promotions excluded.

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Footnote ®: Trade-mark of Interac Corp. Used under licence.

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Footnote **: EQ Bank GICs are non-redeemable. For GIC terms equal to one year, simple interest is calculated on a per annum basis and paid at maturity. Interest is accrued for the entire GIC term. Rates are calculated on a per annum basis and are subject to change at any time.

^{Return to footnote ** referrer}
Footnote: EQ Bank does not offer the following products in the province of Quebec: US Dollar Account, International Money Transfers, RRSP, RRSP GICs, FHSA, FHSA GICs, Business Account, and Business GICs. Additionally, the EQ to EQ transfers feature is not available in Quebec.

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It's time for banking that puts you first.

Personal Account

Notice Savings Account

Joint Account

US Dollar Account

GICs

RRSP

TFSA

FHSA

EQ Bank Card

International Money Transfers

1 year

3 months

6 months

15 months

Make Bank with one of Canada’s best.

We checked and...we check all the boxes

Make Bank with 600,000+ Canadians

1 year

3 months

6 months

15 months

About Us

Resources

Accounts

It's time for banking that puts you first.

Personal Account

Notice Savings Account

Joint Account

US Dollar Account

GICs

RRSP

TFSA

FHSA

EQ Bank Card

International Money Transfers

1 year

3 months

6 months

15 months

Make Bank with one of Canada’s best.

We checked and...we check all the boxes

Make Bank with 600,000+ Canadians

1 year

3 months

6 months

15 months

About Us

Resources

Accounts

Social

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To fund your high interest GIC, you’ll need to open a Personal Account first.