About Equitable Bank
Equitable Bank is the ninth largest independent bank in Canada. It provides commercial and residential lending, as well as both short-term and long-term GICs. Unlike other financial institutions, it doesn’t have any physical branches. You can purchase guaranteed investment certificates (GICs) or other deposit products online or by calling customer service.
Equitable Bank’s GIC rates
Equitable Bank offers some of the most competitive GIC rates for its non-registered GICs with shorter terms, such as 90-day and one-year terms. Equitable Bank’s non-redeemable GIC requires a minimum deposit of $1,000. It pays interest on an annual basis and is protected by CDIC Insurance. Equitable Bank also offers GICs for one- to five-year terms.
Compare other Equitable Bank products
You can also buy other deposit products from Equitable Bank and its subsidiaries, including EQ Bank
, which offers a savings account with one of the highest rates in Canada.
Get the best GIC rates
By offering services solely through digital means, Canadian Direct Financial offers higher GIC rates than many of its competitors. However, you can always look at other options with our GIC comparison tools,
which allow you to compare features from other GIC providers in Canada.
Best GIC Providers