EQ Bank 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer

EQ Bank4.6/5

Interest Rate
3.85%
Term
5 years
Minimum Deposit
CA$100
Promotion
Registered Season Bonus
Apply Now →on EQ Bank's website

What sets this provider apart is its incredibly low minimum deposit of just CA$100, making it accessible for a wider range of investors. With competitive rates reaching up to 3.85%, EQ Bank provides an excellent option for those looking to maximize their savings.

Pros:

  • Low minimum deposit
  • High interest rates

Cons:

  • Non-redeemable
  • Limited term options

In conclusion, EQ Bank is an ideal choice for those seeking a reliable GIC with a competitive rate of 3.85% and a low minimum deposit of just CA$100, making it accessible for both new and seasoned investors looking to grow their savings over a five-year term. Whether you're starting your investment journey or looking to diversify your portfolio, EQ Bank offers a solid option for achieving your financial goals.

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
National Bank of Canada3.97%5 yearsCA$500Learn more
Achieva Financial3.85%5 yearsCA$1,000Learn more
EQ Bank3.85%5 yearsCA$100Learn more
WealthONE3.80%5 yearsCA$1,000Learn more
Saven Financial3.80%5 yearsCA$1,000Learn more
MCAN Wealth3.80%5 yearsCA$1,000Learn more
Oaken Financial3.75%29 monthsCA$1,000Learn more
Hubert Financial3.70%5 yearsCA$1,000Learn more
Lighthouse Credit Union3.60%5 years—Learn more
LBC Digital2.50%6 monthsCA$100Learn more

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