Compare EQ Bank and Neo Financial side by side. See which Canadian bank offers better rates, lower fees, and more features in 2026.
For higher savings rates, EQ Bank wins (EQ Bank: 2.50% vs Neo Financial: 2.25%). For lower fees, Tie is the better choice.
| Feature | EQ Bank | Neo Financial |
|---|---|---|
| Savings Rate (HISA) | 2.50% | 2.25% |
| Chequing Fee | $0 | $0 |
| e-Transfer | Free unlimited | Free unlimited |
| Branches | None | None |
| Sign-up Bonus | $0 | $0 |
If you want the best savings rate, go with EQ Bank. If low fees matter most, Tie is your pick.
EQ Bank is a online bank offering 2.50% on savings with $0 chequing fees and Free unlimited e-Transfers. None branches.
Neo Financial is a online bank offering 2.25% on savings with $0 chequing fees and Free unlimited e-Transfers. None branches.
EQ Bank offers 2.50% savings with $0 fees. Neo Financial offers 2.25% with $0 fees. For savings, EQ Bank wins.
EQ Bank: $0. Neo Financial: $0. Tie wins.
Yes. Many Canadians use multiple banks to maximize rates and bonuses.