EQ Bank GIC Savings Account
- Transactions: Unlimited Transactions - not included (limited transactions)
- Interac e-Transfers: Unlimited Interac e-Transfers - not included
- Minimum balance: $100
- Monthly fee
- $0
Reviewed by the CreditCardGuru Editorial Team
Account details
- Monthly fee
- $0
- Minimum balance
- $100
- Transactions included
- Unlimited Transactions - not included (limited transactions)
- Interac e-Transfers
- Unlimited Interac e-Transfers - not included
- E-statements
- Not included
- Eligibility
- Must open TFSA or RRSP savings account for registered GICs
- Deposit insurance
- All deposits in EQ Bank products are eligible for protection by the Canada Deposit Insurance Corporation (CDIC)
- Other benefits
- GIC purchase in seconds if Current Account funded; Registered or unregistered options; Multiple duration options
Pros & cons
Pros
- No monthly fee
Cons
- Limited transactions
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but EQ Bank can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on EQ Bank's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and EQ Bank's own criteria. Bonuses often exclude anyone who has held the account before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with EQ Bank. Trademarks belong to their respective owners.
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Cite this page
“EQ Bank GIC Savings Account Review (2026)” — CreditCardGuru, https://creditcardguru.ca/banking/eq-bank-gic-savings-account, updated August 19, 2026.