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 Fixed | 2-Year Fixed | 4-Year Fixed | 5-Year Fixed |
|---|---|---|---|
 3.04%Get This Rate | 3.39% Get This Rate | 3.64% Get This Rate | 2.49% Get This Rate |
| Term | Rate |
|---|---|
| 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 Length | Equitable Rate | Best 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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