RSP Savings Account

Earn high interest on every tax-deferred dollar without any of the banking nonsense.

Your future self will thank you.

Get started

Man high-fives future self through mirror to celebrate RSP savings for retirement
Man high-fives future self through mirror to celebrate RSP savings for retirement

Ready for an RSP as digital as your smart watch?

Our RSP Savings Account can’t measure your heart rate, but it can help you earn way more without all the banking nonsense—like fees, phone calls, paper tax slips or anything else you don’t want.

Smart features

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. 

Screenshot showing RSP account interface

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. 

Screenshot showing RSP account interface

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.

RSP_Guarantee
RSP_Guarantee

Common questions answered

Visit our FAQ for more details about RSPs.

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.

Get started

 

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

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RSP_CTA

Learn more about all things RSP

Want more info about the ins and outs of an RSP? You’ve come to the right place. 

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