Savings Account CAD CDIC Insured
EQ Bank

EQ Bank RRSP Cash Savings Account

Give your retirement savings a 1.50% boost with tax-deferred growth. No fees, no minimums, and full digital management.

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

Promotions and account value

Additional promotion

Supports Home Buyers’ Plan (up to $60k) and Lifelong Learning Plan (up to $20k). Not available in Quebec.

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

  • RRSPRegistered Retirement Savings Plan
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.