Offer
The EQ Bank Personal Account (formerly known as the Savings Plus Account) is a no-fee account that offers a generous interest rate of up to 3.50%* to all customers on everyday banking services:
- Open a Personal Account in minutes to get the best features of chequing with high interest.
- Fund your account to immediately start earning 1.25% interest*
- Direct deposit your pay to earn interest to 3.50%.*
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.
Fees
Our review
The EQ Bank Personal Account (formerly known as the Savings Plus Account) is a no-fee account that offers a generous interest rate of up to 3.50%* to all customers on everyday banking services:
- 1.25% interest on current banking services;
- Up to 3.50% interest when you set up direct deposit from your paycheck of $2,000 or more per month.
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.
Alternative bank accounts
Alternative Cards
Legal
*Interest is calculated daily on the total closing balance and paid monthly. For the EQ Bank Card, interest is paid into the linked Personal Account. Rates are per annum and subject to change without notice. For the Personal Account, Joint Account and EQ Bank Card, the current base interest rate is 1.25% (the “Base Rate”). Customers who add and maintain qualifying recurring direct deposits of at least $2000/month to a Personal Account or Joint Account are eligible to earn a bonus interest rate of 3.50% (the Base Rate plus an additional 2.25%) for the eligible accounts (the Personal Account, Joint Account, and the EQ Bank Card balance). Conditions apply. Please review the EQ Bank Bonus Interest Offer Terms and Conditions for details.