EQ Bank Personal Account
CDIC Insured
Canada's popular high-interest account with no fees, effectively combining chequing and savings into one.
Current Interest Rate
3.75%
Calculate Your Returns with EQ Bank
$
Total Interest Earned
$381.51
Based on 3.75% interest rate over 12 months
Key Account Facts
Monthly Fees
$0
Min Deposit
$0
Transactions
Unlimited
Transfer Time
Instant/1 Day
The Good
- Consistently high non-promo rates
- No monthly fees
- Unlimited free transactions
- Great mobile app
The Bad
- No physical branches
- No debit card (uses prepaid Mastercard)
- Mobile cheque deposit only
Frequently Asked Questions
Is EQ Bank safe?
Yes, EQ Bank is a trademark of Equitable Bank, a federally regulated Schedule I bank and CDIC member.
Is there a minimum balance?
No, you earn interest on every dollar from the first cent.