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We’d rather build your savings than bank branches.

It’s Just What We Do

We don't have everyday banking fees. It's easier to help you keep more money in your pocket that way.

Not Just for 9-5ers

Freelancer or traveler, no matter what you do, building a nest egg is possible.

Great Rates, Guaranteed

Get competitive rates when you open a savings account or GIC.

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Be Ready for the Future with a High Interest Savings Account

Almost everything you do is online, so why shouldn’t your savings account be too? Going digital means no everyday banking fees, a high rate, convenient banking, and customer service available 7 days a week from 8 AM to midnight, Eastern Time.

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Save Big on International Money Transfers

We’ve partnered with TransferWise to make sending money abroad up to 8× cheaper. It’s fast and simple too—when you send it using TransferWise direct from your EQ Bank account. With no hidden fees and the real exchange rate, it’s just another way we’re making banking better.

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High interest GICs

Invest in Your Goals with a GIC

Earning interest feels good. Earning more interest than you would at other banks feels even better. Whether you sign up for a one or five-year term, we aim to give you one of the best rates in the business.

High interest GICs

Banking Simplified

No matter what you’re saving towards, we equip you with tools to make it easy to set up and track your progress.

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Bank anytime, anywhere with our mobile banking app
* Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without 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. Maximum 20 GICs per customer. Per GIC investment limit of $100,000. Aggregate GIC investment limit of $500,000. Except for our limited time rates, the rates shown are in effect as at March 25th, 2020. Rates are calculated on a per annum basis and are subject to change at any time.
Based on research conducted by an independent research company engaged by Equitable to compare exchange rates and transaction fees across TransferWise, Canada’s Big 5 Banks and Simplii Financial. Research considered comparable online global money transfer services and was conducted using the top five currencies remitted by Canadians (USD, INR, CNY, PHP, and EUR, as published by the World Bank) and typical transaction amounts ($100, $250, $500, $999 CAD). Research took place between November 25th, 2019 and November 27th, 2019. Promotions excluded.
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Equitable Bank is a member of CDIC. EQ Bank is a trademark of Equitable Bank.