Savings Account CAD CDIC Insured
EQ Bank

EQ Bank FHSA Cash Savings Account

Save for your first home with tax-free growth. No monthly fees or minimum balances.

Interest rate 1.5%
Monthly fee No monthly fee
Transactions Not listed
Minimum deposit $0
EARNINGS

Rates and interest details

Rate option 1 1.5%
Compounding
Monthly
Calculation
Daily Closing Balance
COSTS

Fees and account limits

Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsNot listed
Bundled productNo
ACCOUNT EXPERIENCE

Features and benefits

No Monthly Fees

Zero monthly fees.

No minimum balance

No minimum balance.

CDIC Insured

Eligible for CDIC protection.

WHO CAN APPLY

Eligibility and access

Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessNot specified

CDIC Insured: Eligible for CDIC protection.

COVERAGE

Registration, networks and availability

Registration options

  • FHSAFirst Home Savings Account
IMPORTANT INFORMATION

Terms and disclosures

Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with EQ Bank before opening the account.

Product information last reviewed or updated Jun 16, 2026.