Equitable Bank Mortgage Rates

Updated May 24th, 2020

Equitable Bank Background

Equitable Bank (TSE: EQB) is a Canadian bank that was founded in 1970 and has offices in Toronto (HQ), Vancouver, Halifax and Montreal. They are a boutique bank that primarily provides residential and commercial real estate lending. With over $25 billion in assets under management, they are Canada’s ninth largest bank. They are one of nine banks listed as schedule 1 banks on the Toronto Stock Exchange. In 2018, Equitable bank and their team of 600+ employees had over $10 billion in deposits through its digital banking services. They are one of Canada’s few completely online banks, which means they have no branch locations and also do not provide debit cards or cheques to its consumers.

1-Year Fixed2-Year Fixed4-Year Fixed5-Year Fixed
3.04%
Get This Rate
3.39%
Get This Rate
3.64%
Get This Rate
2.49%
Get This Rate
TermRate
1-Year Fixed
3.04%
Get This Rate
2-Year Fixed
3.39%
Get This Rate
4-Year Fixed
3.64%
Get This Rate
5-Year Fixed
2.49%
Get This Rate

Equitable Bank Fixed-Rate Mortgages

Equitable Bank Fixed Rate Mortgages reduce the risk of future interest rate fluctuations by “locking in” a specific interest rate for the term. This can create peace of mind for homeowners, which makes it a fundamentally appealing program for home buyers. If you are arranging a new mortgage for a future or current home, your fixed interest rate can be guaranteed up to 120 days before the closing date of your home. If interest rates go up during that time, you will be guaranteed the lower rate.

Term LengthEquitable RateBest Rate
1-Year Fixed
3.04%
2.58%
2-Year Fixed
3.39%
2.34%
3-Year Fixed
3.79%
2.29%
4-Year Fixed
3.64%
2.69%
5-Year Fixed
2.49%
2.23%

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