EQ Bank GIC & Savings Rates
Rates last updated Nov 7, 2026
EQ Bank's best GIC rate is currently 4.30% on its 5-Year GIC, and its high interest savings account pays 1.50%. It has the best tracked rate in 1 of the 8 GIC terms we monitor.
Deposits at EQ Bank (opens in a new tab) are insured by the Canada Deposit Insurance Corporation (CDIC), which protects eligible deposits up to $100,000 per insured category, per member institution. Learn more at cdic.ca (opens in a new tab).
EQ Bank is available to residents of every province and territory.
EQ Bank GIC Rates by Term
| Product | Rate | Interest Paid | Min. Investment | Best Tracked Rate |
|---|---|---|---|---|
| 3-Month GIC (opens in a new tab) | 2.70% | At maturity | None | 4.40% at Duca |
| 6-Month GIC (opens in a new tab) | 3.00% | At maturity | None | 3.01% at Tru Cooperative Bank |
| 9-Month GIC (opens in a new tab) | 3.30% | At maturity | None | Best rate ✓ |
| 1-Year GIC (opens in a new tab) | 3.70% | At maturity | None | 4.25% at Haventree Bank |
| 2-Year GIC (opens in a new tab) | 4.15% | At maturity | None | 4.30% at Wealth One Bank of Canada |
| 3-Year GIC (opens in a new tab) | 4.15% | At maturity | None | 4.40% at Wealth One Bank of Canada |
| 4-Year GIC (opens in a new tab) | 4.20% | At maturity | None | 4.45% at Wealth One Bank of Canada |
| 5-Year GIC (opens in a new tab) | 4.30% | At maturity | None | 4.55% at Wealth One Bank of Canada |
EQ Bank Savings Account Rates
| Product | Rate | Interest Paid | Min. Investment | Best Tracked Rate |
|---|---|---|---|---|
| High Interest Savings (opens in a new tab) | 1.50% | — | None | 3.00% at Saven Financial |
| 10-Day Notice Savings (opens in a new tab) | 2.50% | — | None | Best rate ✓ |
| 30-Day Notice Savings (opens in a new tab) | 3.00% | — | None | Best rate ✓ |
Compare Before You Commit
Rates change frequently and the leader varies by term. See today's best GIC and HISA rates, view every institution side by side in the deposit rate comparison, or estimate your return with the GIC calculator.
EQ Bank Rates: Frequently Asked Questions
What is EQ Bank's best GIC rate right now?
EQ Bank's best GIC rate is currently 4.30% on its 5-Year GIC (as of Nov 7, 2026). The best tracked rate for the same term in Canada is 4.55% from Wealth One Bank of Canada.
What is EQ Bank's 1-year GIC rate?
EQ Bank currently pays 3.70% on a 1-year non-registered GIC (as of Nov 7, 2026). The best 1-year GIC rate we track in Canada is 4.25% from Haventree Bank.
Are EQ Bank GICs and deposits insured?
Yes. Eligible deposits at EQ Bank are protected by the Canada Deposit Insurance Corporation (CDIC), which protects eligible deposits up to $100,000 per insured category, per member institution.
Who can open an account with EQ Bank?
Residents of every province and territory can open an account with EQ Bank.
Does EQ Bank offer a high interest savings account?
Yes. EQ Bank's high interest savings account currently pays 1.50% (as of Nov 7, 2026). The best HISA rate we track is 3.00% from Saven Financial.
How do EQ Bank's GIC rates compare to other Canadian banks?
EQ Bank currently has the best tracked rate in 1 of the 8 GIC terms we monitor. Use our side-by-side rate comparison to see how EQ Bank stacks up against 37 other Canadian institutions across every term.
GIC Rates at Other Canadian Institutions
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- Pathwise Credit Union GIC Rates
- RBC GIC Rates
- Saven Financial GIC Rates
- Steinbach Credit Union GIC Rates
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- Simplii Financial GIC Rates
- TD GIC Rates
- Tangerine GIC Rates
- Tru Cooperative Bank GIC Rates
- WFCU Credit Union GIC Rates
- WealthONE Bank GIC Rates
- Your Neighbourhood Credit Union GIC Rates
Rates shown are for non-registered CAD deposits and may not reflect promotional or registered-plan offers. Always verify current rates with EQ Bank (opens in a new tab) before making any decisions.
How we collect rates: We regularly collect rates from publicly available information published by financial institutions, with automated checks and periodic spot checks for accuracy.