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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The best savings accounts in Canada
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EQ Bank
3.00%Features of chequing without any of the fees
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Simplii Financial â„¢
4.50%From Oct 1st 2025, Get a special interest rate, earn 4.50% interest rate on your first Simplii Financial High Interest Savings Account for the first 5 months. Only on eligible deposits up to $200,000. Terms apply. Offer ends on Jan 31st, 2026.
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Tangerine
4.50%Special Offer: Save with Tangerine at a great 4.50% interest rate for 5 months. You’ll earn it in your first Tangerine Savings Account and on other Savings Accounts you open during that time period, too – including TFSA and RSP Accounts.
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Oaken Financial
2.80%Oaken Financial Savings Account
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Natasha Macmillan, Senior 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.
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The EQ Bank Personal Account
EQ Bank's savings account is called the Personal Account. The Personal Account features a high interest rate, as well as free, unlimited transactions like Interac e-Transfers. There's no monthly fee, and the money you deposit with EQ Bank is protected by CDIC insurance.
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Compare other EQ Bank products
EQ Bank offers savings accounts, TFSAs, RSPs, GICs and joint accounts.Â
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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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