HomeEquity Bank 2026 Review

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

HomeEquity Bank4.6/5

Interest Rate
4.00%
Term
5 years
Minimum Deposit
$5,000
Promotion
N/A
Apply Now →on HomeEquity Bank's website

HomeEquity Bank shines for its solid 5-year GIC rate of 4.00%, appealing to those who can meet the higher minimum deposit of $5,000. This provider also offers the security of CDIC insurance, ensuring peace of mind for investors.

Pros:

  • Strong interest rate
  • CDIC insured

Cons:

  • Higher minimum deposit
  • Limited payout frequency options

In summary, HomeEquity Bank is an excellent choice for conservative investors seeking a reliable return with a competitive 4.00% rate over five years, particularly those who can comfortably meet the $5,000 minimum deposit. With the added benefit of CDIC insurance, it offers a secure option for those looking to grow their savings.

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

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