Compare the best EQ savings accounts
Want to open an EQ savings account? Why not compare your options? Find the highest-earning savings accounts in Canada from multiple banks in seconds.let's get started
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The best savings accounts in Canada
No Monthly Feesget this rate
Total annual interest rate of 6.35% on new deposits± from October 16, 2023 to January 12, 2024.get this rate
Special offer: Open your first CIBC eAdvantage Savings Account and get up to 5.60% for 4 months.get this rate
Simplii Financial ™6.00%
Earn 6% interest for 5 months on your first Simplii Financial High Interest Savings Account. Limits apply. Offer ends January 31, 2024.get this rate
Natasha Macmillan, Business Unit Director - Everyday Banking
About EQ Bank
EQ Bank is the digital banking arm of Equitable Bank, Canada's 9th largest Schedule I Bank. EQ Bank is able to pay higher interest rates than other savings accounts because it doesn't have branches and is entirely online. EQ Bank does offer 7 days a week (8am – midnight EST) customer support both online and over the phone. EQ Bank customers can access their accounts online and through the bank's mobile app.
The EQ Bank Savings Plus Account
EQ Bank's savings account is called the Savings Plus Account. The Savings Plus Account features an everyday high interest rate, as well as unlimited free transfers and withdrawals. Another main benefit of the Savings Plus Account is that it comes with free Interac e-Transfers per month. There's no monthly fee, and the money you deposit with EQ Bank is protected by CDIC insurance.
Compare other EQ Bank products
EQ Bank offers savings accounts, TFSAs, RSPs, GICs and joint accounts.
Get the best savings account
EQ Bank's savings account is one of the most competitive in Canada, but it never hurts to compare savings accounts to find the one that's best for your unique needs. Ratehub.ca compares dozens of high interest savings accounts side by side and shows you how much your savings will earn. Use our savings account comparison tool to find the best account for you.
Natasha Macmillan, Business Director of Everyday Banking
With over a decade of experience in the finance industry, Natasha works closely with Canada's top financial institutions - from banks to credit unions - to help Ratehub.ca's 1,200,000 monthly users get matched with the right banking products. read full bio
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