EQ Bank 2026 Review

Mat C.
Written by Mat C.
Managing Editor & Senior Developer
Mika L.
Edited by Mika L.
Financial Content & Editor

EQ Bank4.0/5

Interest Rate
4.00%
Term
5 years
Minimum Deposit
CA$100
Promotion
N/A
Apply Now →on EQ Bank's website

A key differentiator for EQ Bank is its ultra-low minimum deposit of CA$100, making it accessible for a wider range of investors. With a competitive rate of 4.00% for a 5-year term, it offers a solid option for those looking to grow their savings.

Pros:

  • Low minimum deposit
  • Fee-free

Cons:

  • Non-redeemable
  • Limited term options

In conclusion, EQ Bank is an excellent choice for investors seeking a reliable GIC with a competitive 4.00% rate and a low minimum deposit of just CA$100, making it particularly suitable for new savers or those looking to diversify their investment portfolio without a significant upfront commitment.

Frequently Asked Questions

Compare GIC Rates

Summary of all rates from our gic rate pages. Click column headers to sort.

Provider ↕Rate ↓Term ↕Min Deposit
WealthONE Bank of Canada4.10%5 years$1,000Learn more
WealthONE4.10%5 yearsCA$1,000Learn more
Achieva Financial4.05%5 yearsCA$1,000Learn more
Concentra Bank4.05%5 years$1,000Learn more
Oaken Financial4.05%5 yearsCA$1,000Learn more
Equitable Bank4.00%5 years$100Learn more
HomeEquity Bank4.00%5 years$5,000Learn more
EQ Bank4.00%5 yearsCA$100Learn more
Home Bank3.96%5 years$1,000Learn more
MCAN Wealth3.65%1 yearCA$1,000Learn more
Tangerine3.65%5 yearsCA$0Learn more
Equitable Trust3.30%1 yearCA$1,000Learn more
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TD Canada Trust2.90%5 yearsCA$1,000Learn more
Saven Financial2.75%6 monthsCA$1,000Learn more

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