Limited-time offer

Get up to $200 cash* when you add new deposits to your TFSA, FHSA, or RRSP Savings Account

Bigger deposit, bigger bonus.

Combined new deposits	Bonus
$4,000 - $6,999	$100
$7,000 - $9,999	$150
$10,000+	$200

For a limited time, you’ll earn a cash bonus when you deposit new funds* to a registered savings account (excluding GICs).

Applies to new and existing registered savings accounts
Valid for net new deposits
Earn 1.50% interest** in addition to your bonus

Deposit now

Detail-oriented? Check out the promo terms and conditions.

Get your bonus in a few easy steps

Sign up to EQ Bank in minutes
Open a registered savings account
Add funds and hold until Sept. 2, 2026
Receive your cash bonus^*

Add to a registered savings account
Hold or grow funds until Sept. 2, 2026
Receive your cash bonus^*

Open an account Get started

Why 500k+ Canadians already bank with us

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†

Common questions answered

What deposits qualify for this offer?

This offer applies to new money deposited or externally transferred into your EQ Bank Tax-Free Savings Account (TFSA), First Home Savings Account (FHSA) or Retirement Savings Plan (RRSP) savings account(s) between November 27, 2025 and March 2, 2026 (the offer period).

Funds must be newly deposited to EQ Bank during the offer period. Transfers between existing EQ Bank accounts don’t qualify unless the money is newly deposited during the offer period.

Please note: Funds, including new deposits, held in GICs within registered accounts are not eligible.

Additional conditions apply. See full terms here.

How is the bonus calculated and paid out?

You can earn a bonus when you add new deposits to your eligible registered savings account(s) during the offer period and keep it there until September 2, 2026. Important details:

Your balance in eligible registered savings account(s) must be higher at the end of the offer period than at the start.
If a registered GIC matures during the offer period and you take the money out of your registered savings account(s), your balance could drop and reduce your bonus. To avoid this, keep those funds in your registered savings account(s) or reinvest them in a registered GIC.
Only one bonus is paid per customer.

Your bonus depends on how much new funds you add and keep in your eligible registered savings account(s):

$4,000 - $6,999.99 → $100
$7,000 - $9,999.99 → $150
$10,000 or more → $200

Additional conditions apply. See full terms here.

Is there a minimum amount required to qualify?

If I deposit into more than one registered savings account, will it all count?

Can I receive more than one bonus?

Will GICs purchased within the registered accounts qualify?

Do I have to opt in or register for this offer?

Want to learn more about our registered accounts?

Compare registered accounts

	FHSA A tax-advantaged registered plan designed to help you save for your first home.(Footnote ²) Learn more	RRSP A registered investment account that helps you save for retirement and reduce taxable income now. Learn more	TFSA A registered account that helps you save for goals big or small, with tax-free interest earnings. Learn more
Interest rate	1.50% (Footnote ^)**	1.50% (Footnote ^)**	1.50% (Footnote ^)**
Contribution limits	$8,000(Footnote ²) annual, $40,000 lifetime.	18% of previous year's income or $32,490 (2025), whichever is lower. No lifetime limit.	$7,000 annual.(Footnote ¹) Unused contributions carry forward to following year. No lifetime limit.
Contribution deadline	December 31, 2025	March 2, 2026	No deadline, as unused contributions (as of December 31) carry forward to the following year.
Eligibility	Canadian residents aged 18-71, first-time home buyers.(Footnote ³)	Canadian residents under 71 with earned income.	Canadian residents aged 18+.
Tax benefit	Contributions are tax-deductible.	Contributions are tax-deductible.	Contributions are not tax-deductible, but withdrawals are tax-free.
Withdrawals	Tax-free if used for a qualifying home purchase. Non-qualifying withdrawals are taxable.	Up to $60,000 can be withdrawn for a home.(Footnote ⁴) Must be repaid within 15 years.	Funds can be used for anything, including buying a home. Withdrawal creates new contribution room.

FHSA A tax-advantaged registered plan designed to help you save for your first home.(Footnote ²) Learn more
Interest rate	1.50% (Footnote ^)**
Contribution limits	$8,000(Footnote ²) annual, $40,000 lifetime.
Contribution deadline	December 31, 2025
Eligibility	Canadian residents aged 18-71, first-time home buyers.(Footnote ³)
Tax benefit	Contributions are tax-deductible.
Withdrawals	Tax-free if used for a qualifying home purchase. Non-qualifying withdrawals are taxable.

RRSP A registered investment account that helps you save for retirement and reduce taxable income now. Learn more
Interest rate	1.50%(Footnote ^)**
Contribution limits	18% of previous year's income or $32,490 (2025), whichever is lower. No lifetime limit.
Contribution deadline	March 2, 2026
Eligibility	Canadian residents under 71 with earned income.
Tax benefit	Contributions are tax-deductible.
Withdrawals	Up to $60,000 can be withdrawn for a home.(Footnote ⁴) Must be repaid within 15 years.

TFSA A registered account that helps you save for goals big or small, with tax-free interest earnings. Learn more
Interest rate	1.50% (Footnote ^)**
Contribution limits	$7,000 annual.(Footnote ¹) Unused contributions carry forward to following year. No lifetime limit.
Contribution deadline	No deadline, as unused contributions (as of December 31) carry forward to the following year
Eligibility	Canadian residents aged 18+.
Tax benefit	Contributions are not tax-deductible, but withdrawals are tax-free.
Withdrawals	Funds can be used for anything, including buying a home. Withdrawal creates new contribution room.

Footnotes

Footnote *: 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.

^{Return to footnote * referrer}
Footnote **: Interest rate is 1.50% for the EQ Bank FHSA Savings Account, EQ Bank RSP Savings Account and the EQ Bank TFSA Savings Account. Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.

^{Return to footnote ** referrer}
Footnote 1: Annual limit based on legislation as of January 1, 2025. Limits are subject to change year to year.

^{Return to footnote 1 referrer}
Footnote 2: Any unused contribution room for 2025 can carry forward to the following year, up to a maximum of $8,000.

^{Return to footnote 2 referrer}
Footnote 3: You will be considered to be a first-time home buyer for the purposes of opening an FHSA if, at any time in the calendar year before the account is opened 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 either (i) you owned or jointly owned; or (ii) your spouse or common-law partner (at the time the account is opened) owned or jointly owned.

^{Return to footnote 3 referrer}
Footnote 4: The Home Buyers’ Plan is subject to certain conditions. For more information, please refer to the Canada Revenue Agency.

^{Return to footnote 4 referrer}
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.

^{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.

^{Return to footnote referrer}

Get up to $200 cash* when you add new deposits to your TFSA, FHSA, or RRSP Savings Account

Bigger deposit, bigger bonus.

Get your bonus in a few easy steps

Why 500k+ Canadians already bank with us

Common questions answered

What deposits qualify for this offer?

How is the bonus calculated and paid out?

Is there a minimum amount required to qualify?

If I deposit into more than one registered savings account, will it all count?

Can I receive more than one bonus?

Will GICs purchased within the registered accounts qualify?

Do I have to opt in or register for this offer?

Want to learn more about our registered accounts?

Compare registered accounts

About Us

Resources

Accounts

Get up to $200 cash* when you add new deposits to your TFSA, FHSA, or RRSP Savings Account

Bigger deposit, bigger bonus.

Get your bonus in a few easy steps

Why 500k+ Canadians already bank with us

Common questions answered

What deposits qualify for this offer?

How is the bonus calculated and paid out?

Is there a minimum amount required to qualify?

If I deposit into more than one registered savings account, will it all count?

Can I receive more than one bonus?

Will GICs purchased within the registered accounts qualify?

Do I have to opt in or register for this offer?

Want to learn more about our registered accounts?

Compare registered accounts

About Us

Resources

Accounts

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