Compare EQ Bank and Tangerine 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 Tangerine: 0.50%). For lower fees, Tie is the better choice.
| Feature | EQ Bank | Tangerine |
|---|---|---|
| Savings Rate (HISA) | 2.50% | 0.50% |
| 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.
Tangerine is a online bank offering 0.50% on savings with $0 chequing fees and Free unlimited e-Transfers. None branches.
EQ Bank offers 2.50% savings with $0 fees. Tangerine offers 0.50% with $0 fees. For savings, EQ Bank wins.
EQ Bank: $0. Tangerine: $0. Tie wins.
Yes. Many Canadians use multiple banks to maximize rates and bonuses.