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EQ Bank Notice Savings Account Review

EQ Bank Personal Account

Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

EQ BankNotice Savings

EQ Bank Notice Savings Account

Our take: A genuinely higher rate than EQ Bank’s own everyday Personal Account — up to 2.75% — in exchange for giving 10 or 30 days’ notice before you can withdraw. It suits money you can plan around, not money you might need tomorrow.

At a glanceUp to 2.75% · $0 fees · $0 minimum balance
Open an account on EQ Bank’s site →

  • Goes straight to EQ Bank
  • No cost to you
  • Our review

Most high-interest savings accounts let you withdraw whenever you like, and pay a rate that reflects that flexibility. EQ Bank’s Notice Savings Account flips that trade: you agree in advance to wait 10 or 30 days before a withdrawal actually lands, and in exchange you earn a meaningfully higher rate than EQ Bank’s everyday Personal Account. It’s a straightforward idea, but it only works if you’re comfortable planning your withdrawals ahead of time rather than pulling money out on short notice.

3.5out of 5

MoneyMint rating

#3 of 13 savings accounts · How we rate

Regular rate
10/10
Promotional rate
0/10
Fees and minimums
10/10
Access and liquidity
6/10
Cash bonus
0/10

$235

interest on $10,000 over a year at this account’s effective rate. Compare savings rates →

At a Glance

Monthly Fee

$0no fees, no minimum balance

10-Day Notice Rate

2.35%withdrawals available 10 days after request

30-Day Notice Rate

2.75%withdrawals available 30 days after request

Minimum Balance

$0no minimum required

Deposits

Unlimited, anytimeinstant from EQ accounts, 5-day hold from external

CDIC Protection

Eligiblethrough EQ Bank, within CDIC limits

The rate you earn depends entirely on which notice period you pick when you open the account: 2.35% if you choose 10 days’ notice, or 2.75% if you choose 30 days. Once you request a withdrawal, the funds stay in the account (still earning interest) until your chosen notice period elapses — on the 11th day for the 10-day option, or the 31st day for the 30-day option — and you can cancel a pending withdrawal anytime before it completes with no penalty. Verified against eqbank.ca on September 17, 2026.

Pros & Cons

Pros

  • Meaningfully higher rate than EQ Bank’s own everyday Personal Account — up to 2.75% with the 30-day option
  • No monthly fees and no minimum balance
  • You can keep depositing money anytime and it earns interest daily
  • Withdrawal requests still earn interest during the notice period, right up until the funds transfer
  • You can cancel a pending withdrawal at any time before it completes, with no penalty
  • Eligible for CDIC protection through EQ Bank

Cons

  • Withdrawals aren’t available until your chosen notice period (10 or 30 days) has passed
  • Not designed for everyday banking — no direct deposit, Interac e-Transfer, or bill payments from this account
  • External transfers in take a 5-business-day hold before the funds are available to earn interest
  • Rates aren’t guaranteed and EQ Bank can change them, though it says it will notify you by email if it does
  • No welcome bonus or promotional rate is currently advertised for this account

Who It’s For

Best For

  • Money you’re setting aside for a goal you can plan around, where you know roughly when you’ll need it
  • Savers who want a better rate than a standard high-interest savings account and don’t mind a short wait to access funds
  • Existing EQ Bank customers who already hold a Personal Account and want a higher-yield place to park part of their balance

Not For

  • An emergency fund or any money you might need on short notice
  • Everyday banking — you’ll still need a chequing-style account for direct deposits, e-Transfers and bill payments
  • Anyone who wants to move money between institutions instantly, since external withdrawals face both the notice period and a further 2-3 business day processing window
InstitutionEQ Bank
Monthly Fee$0
10-Day Rate2.35%
30-Day Rate2.75%

Open an account on EQ Bank’s site →

This link goes directly to EQ Bank’s official page. MoneyMint doesn’t currently have a paid partnership for this account, so this isn’t a monetized recommendation. Rates confirmed on eqbank.ca on September 17, 2026. EQ Bank says it will notify customers by email if rates change — check eqbank.ca for the current rate before you apply.

Compare all accounts

Not Sure? Three Accounts People Compare It With

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EQ Bank Personal Account

EQ Bank Personal Account

Pick this instead if you want instant access to your money alongside everyday spending features.

Fee $0Rate up to 2.75%

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Simplii Financial High Interest Savings Account

Simplii High Interest Savings

Pick this instead if you want a strong promotional rate with no notice period required.

Fee $0Promo 4.60%Term 5 months

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RBC High Interest eSavings Account

RBC High Interest eSavings

Pick this instead if you’d rather bank with a Big Five bank and keep instant access to your savings.

Fee $0Promo 4.60%Term 3 months

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EQ Bank Notice Savings Account

Rates confirmed September 25, 2026

Open an account on EQ Bank’s site →Compare all accounts

J

Jen, founder of MoneyMint

Reviewed by Jen. We verify every rate, fee and offer term against the financial institution’s own published material before we publish it, and we re-check on a set schedule.

Rates and terms in this review were confirmed on eqbank.ca on September 17, 2026. EQ Bank’s interest rates are not guaranteed and can change; EQ Bank states it will notify customers by email if rates change. This is general information, not financial advice — confirm current rates and terms on EQ Bank’s own page before you open an account.

Frequently Asked Questions

What interest rate does the EQ Bank Notice Savings Account pay?

As of September 25, 2026, the 10 Day Notice Savings Account pays 2.35% and the 30 Day Notice Savings Account pays 2.75%. You choose the notice period — and the corresponding rate — when you open the account.

How long does it take to withdraw money from a Notice Savings Account?

After you request a withdrawal, the funds remain in the account (still earning interest) until your chosen notice period elapses — 10 days or 30 days, depending on which option you picked — after which they become available on the 11th or 31st day. If the money is going to an external linked account, add a further 2-3 business days of processing.

Can I cancel a withdrawal request?

Yes. You can cancel a pending withdrawal from your Notice Savings Account at any time before the transfer completes, with no penalty or fee.

Are there any fees on the EQ Bank Notice Savings Account?

No. EQ Bank advertises no fees and no minimum balance on the Notice Savings Account.

Is my money protected in an EQ Bank Notice Savings Account?

EQ Bank states the account is eligible for CDIC protection, which insures eligible deposits within CDIC limits.