Notice Savings Account Give advance notice on withdrawals, get a better rate.

Phone set atop EQ Bank lozenge with Notice Savings Account rates displayed in phone reflecting 10-day Notice Savings Account rate at 3.00%* and 30-day Notice Savings Account rate at 3.05%*

Features and benefits

How it works

Eligibility

Rates

Earn up to 7x^** more 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. Make a withdrawal request any time.

Simply submit a withdrawal request and your notice period will start.

4. Access funds after 10 or 30 days.

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

Is our Notice Savings Account right for you?

It’s right for you if:

You want to save longer to receive higher interest.
You’re able to wait the 10- or 30-day notice period to access your funds.
You want free unlimited deposits and withdrawals.
You’re looking for an account that’s eligible for CDIC protection.
You're looking for a completely digital banking experience.

It’s not right for you if:

You’re looking to make everyday banking transactions, such as direct deposits, Interac e-Transfers^®, and bill payments.
You need instant access to your funds.

Common questions answered

What are the current interest rates for the Notice Savings Account?

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 deposit funds into my 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.

How do I withdraw funds from my Notice Savings Account?

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.

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?

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

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 3.05% interest per annum. Research is based on savings account interest rates taken from public websites as at December 17, 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 3.05% 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 ®: Trade-mark of Interac Corp. Used under licence.

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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, and Business GICs. Additionally, the EQ to EQ transfers feature is not available in Quebec.

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Notice Savings Account Give advance notice on withdrawals, get a better rate.

Earn up to 7x^** more than with other banks.