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2.30% Everyday interest* with an EQ Bank Savings Plus Account

No monthly fees.
No minimum balance.
Unlimited transactions.

Set up an account

Why is EQ Bank the Right Choice?

Locally Grown

Born in Canada and helping Canadians meet their financial goals for over 45 years.

Strength in Numbers

$29 billion in assets under management and over 750 employees.

Safety First

All deposit products are eligible for CDIC deposit insurance.

The Perks

  • $200,000

    $200,000

    Maximum balance (per customer)

  • Everyday

    Everyday

    High Interest
    Rate*

  • Zero

    Zero

    Minimum
    Balance

  • Zero

    Zero

    Monthly Fees

  • Unlimited

    Unlimited

    Interac e-Transfers®

  • Unlimited

    Unlimited

    Bill Payments

  • Free

    Free

    Electronic
    Funds Transfers

  • Unlimited

    Unlimited

    EQ to EQ
    Transfers

  • Free

    Free

    Day-to-Day
    Transactions

TransferWise — The fast and low-cost way to send money around the world

What if you could send money overseas without hidden fees or long delays? TransferWise makes it possible, with fast and secure international transfers that keep costs low by using mid-market rates. And the best part? You can use your EQ Bank Savings Plus Account to send funds quickly to your TransferWise account! Learn more about this latest way we’re making everyday banking better.

Learn more about Transferwise

It's like Free Money (Interest)

Zero Math

Savings Goals

It's like Free Money (Interest)

Zero Math

Savings Goals

*Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.

† Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank.
Deposit Protection Des Dépôts 

Equitable Bank is a member of CDIC. EQ Bank is a trademark of Equitable Bank.