Notice Savings Account Sit back. Save more.

Get one of the best savings rates in Canada, and the flexibility to access your money anytime with advance notice.

The Notice Savings Account is not currently available in Quebec.

Give advance notice on withdrawals, get a better rate.

Planning ahead lets you maximize your savings. The more notice you give, the better rate you’ll get—with two great options to choose from.

10 Day Notice

4.50%^*

30 Day Notice

5.00%^*

Ditch the rate bait and switch for up to 7x^** more interest than with other banks.

A major drop in your interest rate after a limited-time offer—that only some customers seem to get—is a major blow. That’s why we don’t do that. Instead, we offer up to 7x^** more interest than with other banks.

Better rates. No limited-time conditions.
Same high rates for all. No special treatment.
No fees or minimum balance requirements.
CDIC eligibility^† for all deposits.

How our Notice Savings Account works

1. Choose a rate.

Your selection determines how much notice you need to give for withdrawals.

2. Deposit money and start earning.

Interest is earned daily—and you can keep making deposits whenever you like.

3. Request to withdraw funds at any time.

Trigger a withdrawal request whenever you want—they’re free and unlimited.

4. Access funds after 10 or 30 days.

Based on the rate you selected, you can access your withdrawal funds after 10 or 30 days.

Ready to open an account in a few easy steps?

Not yet an EQ Bank customer? No problem. Start by opening a Personal Account and then open a Notice Savings Account in minutes.

Get started by opening a Personal Account

Already a customer? Sign in to open a Notice Savings Account

Common questions answered

What is the difference between a Notice Savings Account and a High-Interest Savings Account (HISA)?

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.

How do I give advance notice before making a withdrawal?

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.

Do I earn interest during my notice period?

Is my rate guaranteed with the EQ Bank Notice Savings Account?

Can I cancel a withdrawal request?

Visit our FAQ for more details about our Notice Savings Account.

Footnotes

Footnote *: Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.

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Footnote **: 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 5.00% interest per annum. Research is based on savings account interest rates taken from public websites as at June 13, 2024. 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 5.00% interest per annum requires 30 days advance notice.

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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: EQ Bank does not offer the following products in the province of Quebec: US Dollar Account, International Money Transfers, RSP Savings Accounts, RSP GICs, FHSA Savings Account, FHSA GICs, Business Account, Business GICs, and Notice Savings Account. Additionally, the EQ to EQ transfers feature is not available in Quebec.

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