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Equitable Bank

Bank· Toronto, Ontario· Since 1970Via Broker

Profiled by Ratehunter

data as of 2026-10-16 · How we track rates

About Equitable Bank

Equitable Bank, founded in 1970 as The Equitable Trust Company and converted to a Schedule I bank in 2013, is Canada's seventh-largest bank by assets and brands itself "Canada's Challenger Bank." A wholly owned subsidiary of TSX-listed EQB Inc., it specializes in residential and commercial mortgage lending, reverse mortgages and deposit products (GICs, HISAs) distributed through brokers and its EQ Bank digital platform. It is a CDIC member headquartered in Toronto.

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Access: Not sold directly to consumers — available through a financial broker or financial advisor only

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: Equitable Bank-branded GICs and HISAs are sold in nominee name through authorized dealers only; the group's direct-to-consumer deposits are offered under the separate EQ Bank brand. Mortgages are arranged through mortgage brokers.

Notes: Parent of EQ Bank; broker channel for mortgages

Deposit protection: Canada Deposit Insurance Corporation

$100,000 per insured category per member institution

How deposit insurance works →

Current top rates

data as of 2026-10-16 · posted rates confirmed as of 2026-10-15

Best GIC · 5-year4.11%

Prime rate4.45%

GIC ladder	Best rate
1-year GIC	3.50%
2-year GIC	3.99%
3-year GIC	3.94%
4-year GIC	4.09%
5-year GIC	4.11%

Base ladder rates. Institution may have more term rates below.

GIC rate history

Best historical posted GIC rate by term

Term

Latest3.50%Oct 16, 2026

Last change+0.09%Oct 16, 2026

High3.56%Sep 17, 2026

Low3.01%Aug 3, 2026

Tracked since Jul 16, 2026 · 34 snapshots

Term deposit rates

— not stated on sitedata as of 2026-10-16 · posted rates confirmed as of 2026-10-15

Filter rates

Term	Registration	Redeemable	Compounding	Interest paid	Min–Max deposit	Rate
Short-term — under 1 year
30 days	Non-reg	N	—	At maturity	$1k+	0.20%
60 days	Non-reg	N	—	At maturity	$1k+	0.80%
90 days	Non-reg	N	—	At maturity	$1k+	2.15%
120 days	Non-reg	N	—	At maturity	$1k+	2.20%
180 days	Non-reg	N	—	At maturity	$1k+	2.70%
270 days	Non-reg	N	—	At maturity	$1k+	2.80%
Long-term — 1 year +
1 year	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	3.50%3.50%3.46%3.43%3.41%
2 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	3.99%3.99%3.95%3.92%3.90%
3 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	3.94%3.94%3.90%3.87%3.85%
4 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	4.09%4.09%4.05%4.02%4.00%
5 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	4.11%4.11%4.07%4.04%4.02%
6 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.25%2.25%2.21%2.18%2.16%
7 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.25%2.25%2.21%2.18%2.16%
8 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.25%2.25%2.21%2.18%2.16%
9 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.25%2.25%2.21%2.18%2.16%
10 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.25%2.25%2.21%2.18%2.16%
30 Day Cashable GICCashable · paid at maturity · $1k minimum
1 year	Non-reg	cashable	—	At maturity	$1k+	1.50%
U.S. dollar — all terms
1 year	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	4.55%4.55%4.51%4.48%4.46%
2 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	4.70%4.70%4.66%4.63%4.61%
3 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	4.70%4.70%4.66%4.63%4.61%
4 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	4.70%4.70%4.66%4.63%4.61%
5 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	4.70%4.70%4.66%4.63%4.61%
6 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.50%2.50%2.46%2.43%2.41%
7 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.50%2.50%2.46%2.43%2.41%
8 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.50%2.50%2.46%2.43%2.41%
9 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.50%2.50%2.46%2.43%2.41%
10 years	Non-reg	N	Annually————	At maturityAnnuallySemi-annuallyQuarterlyMonthly	$1k+$1k+$1k+$1k+$1k+	2.50%2.50%2.46%2.43%2.41%
30 Day Cashable GICCashable · paid annually · US$1k minimum
1 year	Non-reg	cashable	—	Annually	$1k+	1.75%

Savings & chequing rates

data as of 2026-10-16

Filter rates

Type	Product	Calculated	Paid	Min. balance	Rate
Savings
Savings	High Interest Savings Account	Daily	Monthly	$500	1.90%

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