EQ Bank US Dollar Account
2.50%
Interest rate
$0
Monthly fee
A no-fee USD account paying a flat 2.50% with low-markup built-in FX.
Interest rate
Key features
- 2.50% flat on all USD
- No minimum
- Built-in low-markup FX
- Free USD-to-USD transfers in Canada
- Wise partnership
- Not available in Quebec
- CDIC insured
Interest Rate
The US Dollar Account pays a flat rate of 2.50% on all US-dollar balances.
There are no tiers or conditions, and no minimum balance is required to earn it.
Fees
There's no monthly fee on the US Dollar Account.
USD-to-USD transfers within Canada are free as well.
Account Features
The account comes with built-in currency exchange at a low markup, so you can convert between Canadian and US dollars without leaving EQ Bank. There's also a partnership with Wise.
It's worth noting that the account isn't available in Quebec.
Like all EQ Bank accounts, it's digital-only with no cheques.
Deposits are eligible for CDIC coverage.
Legal Disclaimers
Terms and conditions apply. The information for the EQ Bank US Dollar Account has been collected independently by Prince of Travel and is not provided or reviewed by EQ Bank. Offers, rates, and fees are subject to change — always confirm details on the financial institution's website before applying.
Last updated: July 8, 2026