EQ Bank GIC Savings Account

Offer

Rates That Boost Your Savings

Benefit from some of the industry’s highest rates with our GICs

Registered or unregistered, the choice is yours

Looking to invest in an unregistered GIC or a tax-advantaged registered GIC? We have you covered in both cases. To purchase a registered GIC, you must first open a TFSA or RRSP savings account.

Tons of duration options

You’re the one in control of your savings, so you need to decide whether a short- or long-term GIC is right for you (or perhaps both).

Safe investments

All deposits in EQ Bank products are eligible for protection by the Canada Deposit Insurance Corporation (CDIC).

Reduced minimum deposit

Restrictions aren’t our thing, which is why $100 is all you need to start investing in a GIC.

A GIC in seconds

If your Current Account is funded, you can buy a GIC literally in seconds.

Fees

Account Name EQ Bank GIC Savings Account

Public Consumers

Monthly Fee $0

Our review

The EQ Bank GIC Savings Account lets you invest in fixed-rate Guaranteed Investment Certificates (GICs), a safe way to grow your savings while staying sheltered from market fluctuations.

GICs are available for terms ranging from 30 days to 10 years, with a minimum deposit of just $100, and can be held in a non-registered or registered account (TFSA, RRSP, FHSA). They are non-redeemable before maturity and are CDIC insured up to the applicable limits.

It is a good fit if you are looking for a guaranteed, predictable return over a set horizon. Rates vary by term; check the EQ Bank website for current rates.