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EQ
EQ Bank
Online bank
Online bank offering some of the best interest rates in Canada on savings accounts and GICs. No monthly fees.
EQ Bank is a Canadian online bank known for offering some of the best interest rates in the country. All deposits are CDIC insured up to $100,000 per category.
EQ Bank's GICs regularly rank among the most competitive in Canada. The $100 minimum deposit for GICs is one of the lowest on the market.
- Savings: competitive rate with no minimum balance
- TFSA / RRSP: 1.50% interest
- 1-year GIC: 4.15% (minimum $100)
- Accounts: TFSA, RRSP, FHSA, non-registered
- USD account: yes
- Fees: no account fees, transfer-out fees, or monthly fees
An excellent choice for parking your emergency fund or short-term savings. EQ Bank doesn't offer brokerage services: it's strictly a savings and GIC bank.
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EQ
Accounts
TFSA
RRSP
FHSA
RESP
IQEE (Quebec)
Non-registered
RRIF
LIRA
Margin
Products
ETFs
Stocks
Options
Crypto
Mutual funds
Bonds
GICs
Savings
Managed portfolios
Forex
Futures
Warrants
Features
Fractional shares
Auto-invest
DRIP
USD account
Options
Crypto
Mutual funds
Bonds / GICs
Savings rates (HISA)
| Account | Rate |
|---|---|
| RRSP | 1.50% |
| Savings | 2.75% |
| TFSA | 1.50% |
GIC Rates
| Term | Rate |
|---|---|
| 1 yr | 4.15% |
| 1 yr | 4.15% |
| 1 yr | 4.15% |
| 2 yrs | 3.25% |
| 3 yrs | 3.75% |
| 4 yrs | 3.80% |
| 5 yrs | 3.85% |