CDIC coverage
Covered up to Up to $100,000 per person if EQ Bank fails.
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Savings · Canada
EQ Bank
30-Day Notice Savings Account
2.75%
AER · fixed rate
- Min. Deposit
- No minimum
- Term
- 1 year
- Protection
- CDIC coverage
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What $25,000 Earns You
At 2.75% AER over 1 year. Take the interest once a year, or leave it in to compound.
| You Deposit | $25,000 |
|---|---|
| Paid Once a Year | $688 |
| Total Interest | $688 |
| Balance at the End | $25,688 |
Each $688 interest payment is paid to you directly, and $688 is what they add up to over the term. The figure at the end is your initial investment of $25,000 paid back plus your final interest payment.
| You Deposit | $25,000 |
|---|---|
| Total Interest | $688 |
| Balance at the End | $25,688 |
No interest is paid out to you during the investment period, so your final return will include your initial investment of $25,000 plus $688 interest.
Where You Stand
Product Details
- Type
- Savings
- Term
- 1 year
- How Interest Is Paid
- Once a year Left to compound
- Min. Deposit
- No minimum
- Protection
- CDIC coverage
- Coverage
- Up to $100,000
- Region
- Canada
Eligibility & Details
- Withdrawals subject to 30-day notice.
- 2.35% with 10-day notice option.
- CDIC eligible.
Compare Canada is a comparison site, not a financial adviser. Figures use a $25,000 example at 2.75% over 1 year, compounded annually where shown. Confirm all terms with EQ Bank before you commit.
2.75%
AER fixed
Check availability