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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.

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EQ savings accounts

Rates updated:

  • No Results
  • all account types
  • high interest
  • RRSP
  • TFSA
  • youth
  • senior
with a balance of
  • $1,000
  • $5,000
  • $10,000
  • $50,000
  • $100,000
  1. 1.65%$83 first year return based on$5,000 balance
    Monthly fee
    Transaction fees
  2. Featured

    1.65%$83 first year return based on$5,000 balance
    Monthly fee
    Transaction fees
  3. Featured

    1.65%$83 first year return based on$5,000 balance
    Monthly fee
    Transaction fees


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The best savings accounts in Canada

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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 five 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 currently only offers savings accounts, but you can invest in GICs through their parent company Equitable Bank.


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. 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, Senior Business Manager of Everyday Banking

Natasha is the Business Director of Everyday Banking at With over a decade of business, strategy and execution experience in the financial services industry, Natasha has worked with numerous public and private enterprises across North America. Her passion for finance and education brought her to, where she works closely with Canada’s top financial institutions - from banks to credit unions - to help ensure our over 1,200,000 monthly users get matched with the right credit cards and personal financing accounts.

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