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EQ Bank
GIC

EQ Bank 5-Year GIC

EQ Bank
Best for

A strong 5-year rate with only a $100 minimum.

Rate
4%
Term
60 months
Minimum deposit
$100
Cashable
No

Rate verified August 3, 2026 · confirm with EQ Bank before applying.

What you'd earn on this GIC

Pre-filled with this GIC's rate and term. Change the deposit to match yours.

4.00%
Term
Value at maturity
$12,166.53
Interest earned
$2,166.53
Effective annual yield (APY)
4.00%
Growth over time
Yr 1
$10,400.00
Yr 2
$10,816.00
Yr 3
$11,248.64
Yr 4
$11,698.59
Yr 5
$12,166.53

Assumes the rate holds for the full term and interest stays invested. Real GIC returns are taxed unless held in a registered/tax-advantaged account.

Run the numbers

GIC calculator

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Inflation calculator

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TFSA contribution room

GIC interest is fully taxable outside a registered account.

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Frequently asked questions

How much would $10,000 earn in the EQ Bank 5-Year GIC?

At 4% over 60 months, $10,000 would grow to about $12,167, roughly $2,167 in interest, compounded annually. Use the calculator on this page to run your own amount.

Can I withdraw from the EQ Bank 5-Year GIC early?

No. This is a non-redeemable GIC, so your money is locked in until maturity. That's why the rate is higher than a cashable equivalent. Only commit funds you're certain you won't need.

How current is this rate?

We last verified it on August 3, 2026. Rates on GICs move frequently, so confirm the current figure with EQ Bank before you apply.

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Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“EQ Bank 5-Year GIC.” VaultNerd, https://www.vaultnerd.com/ca/gics/eq-bank-5-year-gic, updated August 2026.

Sources
  • EQ Bank published product and rate pages
  • VaultNerd products database