EQ Bank GIC rates
Deposits issued by Equitable BankCanada's best-known challenger bank, with GIC rates well above the big six and no minimum beyond $100.
Rates verified nightly
· re-checked against EQ Bank's own site
· last check Oct 10, 2026
4.30%
today80
across 1 product3 months – 10 years
$100
At a glance
$100,000
CDIC (federal) · insured under Equitable BankOnline, Mobile App
Across Canada
Good to know
EQ Bank is a trade name of Equitable Bank, a CDIC member. Deposits held at EQ Bank and at Equitable Bank share a single $100,000 CDIC limit per insured category because they are the same member institution.
GIC products from EQ Bank
Every GIC EQ Bank currently offers, with the rate range each one pays.
EQ Bank GIC
2.35% – 4.30%
Terms 3 months – 10 years · min $100Identical rates in registered and non-registered plans, up to 4.00% on a 5-year term.
EQ Bank rate table
Filter by account type, term and deposit — every number below is from the published rate table.
Filter 80 offers
$
$
4.30%
EQ Bank GIC · 5 years
80
$2,150
over the 5 years term
How rates change with term length
Each line is one institution's best posted rate at that term — the 1 most competitive in this view.
Locking in for 5 years currently pays up to 0.60 points more than 1 year.
Every published rate
Projected value assumes a $10,000 deposit held to maturity. GICs that pay interest out monthly or annually are shown with simple interest; only compounding terms accrue on themselves.
| Product | Term | Rate | Value on $10,000 | |
|---|---|---|---|---|
EQ Bank GIC Non-redeemable · Annual · min $100 | 5 years | 4.30% | $12,150 +$2,150 | |
EQ Bank GIC Non-redeemable · Compound · min $100 | 5 years | 4.30% | $12,343 +$2,343 | |
EQ Bank GIC Non-redeemable · TFSA · Annual · min $100 | 5 years | 4.30% | $12,150 +$2,150 | |
EQ Bank GIC Non-redeemable · TFSA · Compound · min $100 | 5 years | 4.30% | $12,343 +$2,343 | |
EQ Bank GIC Non-redeemable · RRSP · Annual · min $100 | 5 years | 4.30% | $12,150 +$2,150 | |
EQ Bank GIC Non-redeemable · RRSP · Compound · min $100 | 5 years | 4.30% | $12,343 +$2,343 | |
EQ Bank GIC Non-redeemable · FHSA · Annual · min $100 | 5 years | 4.30% | $12,150 +$2,150 | |
EQ Bank GIC Non-redeemable · FHSA · Compound · min $100 | 5 years | 4.30% | $12,343 +$2,343 | |
EQ Bank GIC Non-redeemable · Annual · min $100 | 4 years | 4.20% | $11,680 +$1,680 | |
EQ Bank GIC Non-redeemable · Compound · min $100 | 4 years | 4.20% | $11,789 +$1,789 | |
EQ Bank GIC Non-redeemable · TFSA · Annual · min $100 | 4 years | 4.20% | $11,680 +$1,680 | |
EQ Bank GIC Non-redeemable · TFSA · Compound · min $100 | 4 years | 4.20% | $11,789 +$1,789 | |
EQ Bank GIC Non-redeemable · RRSP · Annual · min $100 | 4 years | 4.20% | $11,680 +$1,680 | |
EQ Bank GIC Non-redeemable · RRSP · Compound · min $100 | 4 years | 4.20% | $11,789 +$1,789 | |
EQ Bank GIC Non-redeemable · FHSA · Annual · min $100 | 4 years | 4.20% | $11,680 +$1,680 | |
EQ Bank GIC Non-redeemable · FHSA · Compound · min $100 | 4 years | 4.20% | $11,789 +$1,789 | |
EQ Bank GIC Non-redeemable · Annual · min $100 | 3 years | 4.150% | $11,245 +$1,245 | |
EQ Bank GIC Non-redeemable · Compound · min $100 | 3 years | 4.150% | $11,297 +$1,297 | |
EQ Bank GIC Non-redeemable · TFSA · Annual · min $100 | 3 years | 4.150% | $11,245 +$1,245 | |
EQ Bank GIC Non-redeemable · TFSA · Compound · min $100 | 3 years | 4.150% | $11,297 +$1,297 | |
EQ Bank GIC Non-redeemable · RRSP · Annual · min $100 | 3 years | 4.150% | $11,245 +$1,245 | |
EQ Bank GIC Non-redeemable · RRSP · Compound · min $100 | 3 years | 4.150% | $11,297 +$1,297 | |
EQ Bank GIC Non-redeemable · FHSA · Annual · min $100 | 3 years | 4.150% | $11,245 +$1,245 | |
EQ Bank GIC Non-redeemable · FHSA · Compound · min $100 | 3 years | 4.150% | $11,297 +$1,297 | |
EQ Bank GIC Non-redeemable · Compound · min $100 | 27 months | 4.100% | $10,946 +$946 |