Give advance notice on withdrawals, get a better rate.

For the 10 Day Notice Savings Account, the interest rate is 2.85%.^*

For the 30 Day Notice Savings Account, the interest rate is 3.00%.^*

A Notice Savings Account and a High-Interest Savings Account (HISA) are both account types where you can deposit money towards your savings and earn interest on your account balance. With both accounts, you can withdraw your funds as needed – unlike a GIC where your funds are locked into a term.

The main difference is that with a Notice Savings Account, you must provide advance notice before withdrawing. In exchange for the advance notice requirement, Notice Savings Accounts often come with very attractive interest rates. The more notice you’re able to give, the higher the rate, like with the two notice options of the EQ Bank Notice Savings Account.

Depositing funds into your Notice Savings Account is straightforward. You can transfer funds instantly from a Personal or Joint Account, or from linked external accounts with a 5-business-day hold.

When you open the EQ Bank Notice Savings Account, choose a notice period that best suits your needs from the two available options. The notice period determines the number of days that your funds will be held in your Notice Savings Account after making a withdrawal.

You can make unlimited withdrawals from your Notice Savings Account by transferring your funds to an externally linked account, Personal Account, or Joint Account. The funds will be available in the account you select after your notice period ends.

To withdraw funds from your Notice Savings Account, navigate to Transfers > Transfer between accounts, and complete the transfer. Your withdrawal will be in a pending state until the notice period you selected when the account was opened (10 days or 30 days) is completed. After 10 or 30 days (on 11th and 31st day), your funds will be available.

If the withdrawn funds are being deposited to an externally linked account, there will be an additional processing period of 2-3 business days.

Yes! The money you request to withdraw after the notice period will stay in your Notice Savings Account until the notice period ends. That means you’ll earn interest on any funds set for withdrawal until they’re transferred. 

Like most savings accounts, the interest rate on our account can be subject to change. If we change the rate, we’ll let you know by emailing you.

Yes! You can cancel any withdrawals from your Notice Savings Account with no penalty or fees up until the day of the transfer.