RSP Savings Account
Earn high interest on every tax-deferred dollar without any of the banking nonsense.
Your future self will thank you.
Smart features
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Reward your future with high interest
Build your retirement savings with 1.25%* on every tax-deferred dollar.
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No-hassle online sign-up
Open your RSP online in a matter of minutes. No branches. No phone calls. No headaches.
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Automate your retirement
Set up regular contributions with our seamless account linking, for no-maintenance nest egg growth you can count on.
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Zero fees (for real)
There’s no equation quite like the one where nothing gets subtracted from your savings. So enjoy it.
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Security you can trust
Save for retirement with peace of mind. All deposits held in EQ Bank products are eligible for Canada Deposit Insurance Corporation (CDIC) protection†.
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Tax time, digitized
You’ll still have to do your taxes, but you won’t have to wait by the mailbox. We’ll notify you when your tax slips are ready—and all you’ll have to do is sign in and download your PDFs.
Why open an RSP?
An RSP comes with some pretty solid tax advantages. First, you get to deduct what you contribute from your taxable income that year. And what’s more? You won’t pay tax on the interest you earn. You will be taxed when you withdraw at retirement—but by then, you’ll likely be in a lower tax bracket.
Why open an RSP?
An RSP comes with some pretty solid tax advantages. First, you get to deduct what you contribute from your taxable income that year. And what’s more? You won’t pay tax on the interest you earn. You will be taxed when you withdraw at retirement—but by then, you’ll likely be in a lower tax bracket.
Who doesn’t love guarantees?
Get an RSP GIC
If you’re looking to lock in your RSP savings, choose from a range of GICs you can purchase in seconds—and defer the tax on your contribution and the interest earned.
Explore our great rates and range of term options here.
Ready to open an RSP
that earns more?
Not yet an EQ Bank customer? No problem. Start by opening a Savings Plus Account first (it’s really easy and only takes a few minutes). From there, opening your RSP is a breeze.
If you’re already an EQ Bank customer, you can open an RSP right from your web browser or mobile app in just a few simple steps. Sign in
Want completely tax-free savings? We’ve got a TFSA for that.
Learn more about all things RSP
Want more info about the ins and outs of an RSP? You’ve come to the right place.
