EQ Bank
You might be paying for: Paid bank chequing + low-interest savings
A high-interest savings account with everyday banking features — for no monthly fee.
What you get
- ✓No monthly fee, no minimum balance
- ✓High interest rate
- ✓Free ATM rebates
- ✓Free Interac e-Transfers
- ✓Joint accounts
What's different from the paid version
Fully digital — no branch access, no cheque books. Cheque deposits by app only. Newer bank so some third-party app integrations may lag behind the big five.
Perfect for
People who want their savings to actually earn interest without maintaining a separate account.