EQ Bank consistently offers one of the highest everyday savings rates in Canada (4%+). Their hybrid Savings Plus Account combines chequing and savings features: no monthly fees, unlimited free transactions, free Interac e-Transfers, and high interest on every dollar. No minimum balance required.

FAQ

Frequently Asked Questions

1Is EQ Bank safe?

Yes. EQ Bank is a Schedule I bank regulated by OSFI and fully CDIC-insured up to $100,000 per deposit category.

2Can I use EQ Bank as my main bank?

Yes. The Savings Plus Account works as both chequing and savings with bill payments, direct deposits, and Interac e-Transfers.

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