Home Breadcrumb caret Industry News Breadcrumb caret Industry EQ Bank offers TFSAs and RRSPs Clients with an EQ savings account can open the new accounts By Staff | December 9, 2020 | Last updated on December 9, 2020 1 min read © Sorin Alb / 123RF Stock Photo EQ Bank, the digital platform of Toronto-based Equitable Bank, announced on Wednesday that it’s adding TFSA and RRSP accounts to its lineup of products. Clients who have a EQ Savings Plus Account will be able to open an EQ Bank Tax Free Savings Account and/or an EQ Bank Retirement Savings Plan. There are no fees associated with the new accounts, the bank indicated. Both accounts offer clients 2.30% interest. EQ Bank was launched in 2016 by Equitable Bank, a Schedule I bank and a member of the Canada Deposit Insurance Corporation. On Monday, Equitable Bank, a wholly owned subsidiary of Equitable Group Inc., announced it had launched U.S.-currency GICs, which are available exclusively through investment advisors. In April, Equitable Bank launched a U.S. high interest savings account, also available through advisors. Equitable Group Inc. offers residential lending, commercial lending and savings products and is listed on the Toronto Stock Exchange. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo