Spend, save, and earn with always-on high interest and no fees on everyday banking.
Earn 2.75% interest*
The best features of a chequing account with high interest and no fees on everyday banking.
Earn up to 7x more interest1
Some of the best savings rates in Canada and access to your money with as little as 10 days notice.
Earn 2.75% interest*
Shared banking for up to 4 people with the features of the Personal Account.
Earn 2.50% interest*
High interest earnings on US dollars with easy transfer features and competitive exchange rates.
| 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 |
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
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
EQ Bank is one of the best banks out there 💸
Rhea
I used EQ Bank's FHSA to buy my first house 🏡
Kangmin
With EQ Bank, I can max out my FHSA every year, contribute to my RRSP, and let my money grow in GICs 🤑
Emma
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 1.50% (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 1.25%) 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.
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 July 21, 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.
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. Per GIC investment limit of $100,000. For non-registered GICs, maximum of 20 active GICs per customer. Unlimited registered GICs per customer. Rates per annum and are subject to change at any time.
Includes all customers of Equitable Bank and Equitable Bank subsidiaries.
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.
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
Trade-mark of Interac Corp. Used under licence.
EQ Bank does not offer the following products in the province of Quebec: 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.
Earn a minimum of 10 PC Optimum™ points per dollar on all of your purchases charged to the credit card. Any bonus PC Optimum™ points offers available to all PC Financial® Mastercard® customers are calculated based on the regular earnings rate of 10 PC Optimum™ points per dollar spent. This offer may be terminated or changed at any time.
Voted most trusted Rewards Credit Card brand by Canadian shoppers based on the 2026 BrandSpark® Canadian Trust Study.
