Skip to main content
Ratehub logo
Ratehub logo

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.

EQ savings accounts

Rates updated:

  • No Results
Viewing
  • All account types
  • High interest
  • RRSP
  • TFSA
  • Youth
  • Senior
with a balance of
  • $1,000
  • $5,000
  • $10,000
  • $50,000
  • $100,000
1.25%

$63 first year return based on

$5,000 balance

Monthly fee
$0.00
Transaction fees
$0.00
E-transfer
$0.00

Featured

1.25%

$63 first year return based on

$5,000 balance

Monthly fee
$0.00
Transaction fees
$0.00
E-transfer
$0.00

Featured

1.25%

$63 first year return based on

$5,000 balance

Monthly fee
$0.00
Transaction fees
$0.00
E-transfer
$0.00

Why Ratehub.ca?

A few things we're proud of

  • 1,200,000

    monthly users

  • 9 years

    young

  • Over 1M

    better choices made

  • Trusted partner

    to Canada’s top financial institutions

The best savings accounts in Canada

The knowledge bank

A wealth of knowledge delivered right to your inbox

By submitting your email address, you acknowledge and agree to Ratehub.ca‘s Terms of Use and Privacy Policy. Contact us for more information. You can unsubscribe at any time.

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. 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.

Mikael Castaldo, Senior Business Manager of Everyday Banking

Mikael is a Senior Business Manager at Ratehub.ca and the driving force behind our Everyday Banking Team. He knows everything there is to know about the best credit cards and bank accounts, and 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 plastic. A numbers guy at heart, having worked as a strategy consultant at the Boston Consulting Group, he’s found himself right at home as a personal finance expert at Ratehub.ca.

About Ratehub

We help you find better financial products for your specific needs. Whether you need a mortgage, credit card, savings account, or insurance coverage, we get you the information you need to choose better.

How does Ratehub.ca make money?

Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.