About EQ Bank
EQ Bank is the branchless digital banking arm of Equitable Bank, launched in January 2016. It offers high-interest savings, chequing-style everyday banking, GICs, registered accounts and international transfers entirely online, with no physical branches. Deposits are held by Equitable Bank, a CDIC member, and are eligible for CDIC protection.
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Access: Open to all Canadians
Eligible provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon
How to join: Sign up online at eqbank.ca with standard identity verification.
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
rates confirmed as of 2026-10-11| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.70% |
| 2-year GIC | 4.00% |
| 3-year GIC | 4.15% |
| 4-year GIC | 4.20% |
| 5-year GIC | 4.30% |
Base ladder rates. Institution may have more term rates below.
GIC rate history
Best historical posted GIC rate by term
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Term deposit rates
— not stated on siterates confirmed as of 2026-10-11Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 3 months | Non-regRRSPTFSAFHSA | Y | Annually | At maturity | $100 – $100k | 2.55% |
| 6 months | Non-regRRSPTFSAFHSA | Y | Annually | At maturity | $100 – $100k | 2.80% |
| 9 months | Non-regRRSPTFSAFHSA | Y | Annually | At maturity | $100 – $100k | 3.25% |
| Long-term — 1 year + | ||||||
| 1 year | Non-regRRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k | 3.70% |
| 15 months | Non-regRRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k | 3.80% |
| 2 years | Non-regRRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k | 4.00% |
| 27 months | Non-regRRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k | 4.10% |
| 3 years | Non-regRRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k | 4.15% |
| 4 years | Non-regRRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k | 4.20% |
| 5 years | Non-reg | N | Annually | At maturity | $100 – $100k | 4.30% |
| 5 years | RRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k reg | 4.25% |
| 6 years | Non-regRRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k | 2.35% |
| 7 years | Non-regRRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k | 2.35% |
| 10 years | Non-regRRSPTFSAFHSA | N | Annually | At maturity | $100 – $100k | 2.35% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-11Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| Savings | 10-Day Notice Savings Account | — | — | — | 2.35% |
| Savings | 30-Day Notice Savings Account | — | — | — | 2.75% |
| USD | US Dollar AccountUS$ | — | — | — | 2.50% |
| Chequing | |||||
| Chequing | Personal (& Joint) Account | — | — | — | 2.75% |
| Chequing | Personal (& Joint) Account - With Direct Deposit | — | — | — | 2.75% |
| RRSP | |||||
| RRSP | RRSP | — | — | — | 1.50% |
| TFSA | |||||
| TFSA | TFSA | — | — | — | 1.50% |
| FHSA | |||||
| FHSA | FHSA | — | — | — | 1.50% |
No rates match these filters.
Mortgage rates
rates confirmed as of 2026-10-11Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Closed | No | 5.29% |
| 2-year | Fixed | Closed | No | 5.39% |
| 3-year | Fixed | Closed | No | 5.49% |
| 4-year | Fixed | Closed | No | 6.44% |
| 5-year | Fixed | Closed | No | 5.59% |
| 5-year | Variable | Closed | No | 4.59% |
| EQB Evolution Suite™closed · conventional · 6-month to 5-year terms | ||||
| 6-month | Fixed | Closed | No | 7.54% |
| 1-year | Fixed | Closed | No | 6.29% |
| 2-year | Fixed | Closed | No | 5.39% |
| 3-year | Fixed | Closed | No | 4.94% |
| 4-year | Fixed | Closed | No | 5.09% |
| 5-year | Fixed | Closed | No | 4.69% |
| 5-year | Variable | Closed | No | 3.60% |
| Reverse Mortgage Flexclosed · conventional · 6-month to 5-year terms | ||||
| 6-month | Fixed | Closed | No | 6.98% |
| 1-year | Fixed | Closed | No | 6.89% |
| 2-year | Fixed | Closed | No | 6.69% |
| 3-year | Fixed | Closed | No | 6.58% |
| 5-year | Fixed | Closed | No | 6.28% |
| 5-year | Variable | Closed | No | 6.79% |
| Reverse Mortgage FlexLiteclosed · conventional · 6-month to 5-year terms | ||||
| 6-month | Fixed | Closed | No | 6.88% |
| 1-year | Fixed | Closed | No | 6.79% |
| 2-year | Fixed | Closed | No | 6.49% |
| 3-year | Fixed | Closed | No | 6.55% |
| 5-year | Fixed | Closed | No | 6.23% |
| 5-year | Variable | Closed | No | 6.75% |
| Reverse Mortgage FlexPlusclosed · conventional · 6-month to 5-year terms | ||||
| 6-month | Fixed | Closed | No | 7.98% |
| 1-year | Fixed | Closed | No | 8.14% |
| 2-year | Fixed | Closed | No | 7.94% |
| 3-year | Fixed | Closed | No | 7.83% |
| 5-year | Fixed | Closed | No | 7.43% |
| 5-year | Variable | Closed | No | 7.63% |
No mortgage rates match these filters.
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