EQ Bank 2026 Review

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

EQ Bank4.6/5

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

EQ Bank shines for its low minimum deposit requirement, allowing more investors to access GICs. Their competitive rates and flexibility make them a strong contender in the market.

Pros:

  • Low minimum deposit
  • CDIC insured

Cons:

  • Non-redeemable
  • Limited term options compared to others

In conclusion, EQ Bank is an excellent choice for investors seeking a competitive GIC rate with a low minimum deposit, making it well-suited for both new and seasoned investors looking to grow their savings over a five-year term. Its combination of flexibility and attractive rates positions EQ Bank as a strong contender in the GIC market.

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
WealthONE4.10%5 yearsCA$1,000Learn more
WealthONE Bank of Canada4.10%4 yearsCA$1,000Learn more
Achieva Financial4.05%5 yearsCA$1,000Learn more
Oaken Financial4.05%5 yearsCA$1,000Learn more
Saven Financial4.05%5 yearsCA$1,000Learn more
MCAN Wealth4.05%5 yearsCA$1,000Learn more
EQ Bank4.00%5 yearsCA$100Learn more
Pathwise Credit Union3.90%1 yearCA$1,000Learn more
ICICI Bank Canada3.70%5 yearsCA$1,000Learn more
MCAN (Manulife Credit Union)3.65%1 yearCA$2,500Learn more
Simplii Financial3.20%4 yearsCA$100Learn more
Tangerine Bank3.15%1 yearCA$0Learn more
TD Canada Trust3.10%5 yearsCA$500Learn more
BMO Canada3.10%5 yearsCA$1,000Learn more
RBC Royal Bank2.75%5 yearsCA$1,000Learn more
Scotiabank Canada2.45%1 yearCA$500Learn more

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