Equitable Bank 2026 Review

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

Equitable Bank4.6/5

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

What sets Equitable Bank apart is its exceptionally low minimum deposit requirement of just $100, combined with a competitive 5-year GIC rate of 4.00%. This makes it an ideal choice for those looking to start investing with a smaller amount.

Pros:

  • Low minimum deposit
  • High interest rate

Cons:

  • Limited to digital platform
  • Non-redeemable terms

In conclusion, Equitable Bank's 5-year GIC at a 4.00% rate is particularly well-suited for novice investors or those with limited funds, allowing them to enter the investment landscape with a minimal commitment. Its low minimum deposit makes it accessible, while still offering a competitive return on investment.

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
Laurentian Bank3.00%1 yearCA$500Learn more
TD Canada Trust2.90%5 yearsCA$1,000Learn more
Saven Financial2.75%6 monthsCA$1,000Learn more

Related Guides