Pros & Cons
Pros
- +No monthly fee
- +Unlimited transactions
- +Unlimited Interac e-Transfers
Cons
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Current Promotion
The EQ Bank Personal Account (formerly called Savings Plus Account) is a no-fee account that offers a generous interest rate of up to 2.75%* to all customers on everyday banking services:
- 1.00% interest on everyday banking services;
- Up to 2.75% interest when you set up direct deposit of $2,000 or more per month for your pay.
This account also offers several free features, such as:
- Interac transfers;
- Daily operations;
- Bill payments;
- Deposits and withdrawals.
Finally, there is no minimum balance required for this type of account.
Account Features
- E-StatementIncluded
- Unlimited TransactionsIncluded
- Unlimited Interac e-TransfersIncluded
Special Offer
Terms and conditions
The EQ Bank Personal Account (formerly called Savings Plus Account) is a no-fee account that offers a generous interest rate of up to 2.75%* to all customers on everyday banking services:
- Open a Personal Account in minutes to get the best features of chequing with high interest.
- Add money to your account to start earning 1.00% interest* on every dollar right away.
- Set up direct deposit for your pay to benefit from an interest rate of 2.75%.*
This account also offers several free features, such as:
- Interac e-Transfers®
- Everyday banking operations
- Bill payments
- Deposits and withdrawals
Finally, there is no minimum balance required for this type of account.
Related Accounts
*Conditions apply.
Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 EQ Bank. All trademarks are property of their respective owners.