Send Money Abroad for Less with EQ Bank
*Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.
†Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank. Deposits made under EQ Bank and Equitable Bank are aggregately eligible for CDIC protection up to $100,000, per insured category, per depositor.
‡Based on research conducted by Equitable comparing exchange rates and transaction fees from TransferWise, Canada’s ‘Big 5’ banks and Simplii Financial. Research considered comparable online global money transfer services and was conducted using the following transactions for both $500 CAD and $999 CAD: total cost to send CAD to INR in India, total cost to send CAD to USD in the United States and total cost to send CAD to EUR in France. Research took place on October 19, 2020. Promotions excluded.
◊Based on research conducted by Equitable Bank comparing HISA interest rates of Canada’s ‘Big 5’ banks over a 12-month span on an investment of $100. Assumes no additional deposits or withdrawals made. Research considered comparable high-interest savings account interest rates based on data taken from public websites as at October 8, 2020. Promotions and Rate Premiums are excluded.