#EQBank #SavingsAccount #HighInterest
Hey everyone! 👋 Have you heard about EQ Bank’s “Notice Savings Account” with a whopping 5% interest rate? I recently signed up and found the process to be super quick and easy, but now I’m feeling a bit skeptical about it. 🤔
I’d love to hear your thoughts on EQ Bank! Do you think it’s too good to be true, or have you had a positive experience with them? Let’s discuss!
Here’s a possible solution:
– Research reviews and ratings from other customers to get a better understanding of EQ Bank’s reputation.
Can’t wait to hear what you all think! 💬💰 #personalFinance #banking #moneyTalks
they’re one of the biggest names in online canadian banking. insured by CDIC. quite literally nothing can possibly go wrong
I like how people are so used to be scammed by big banks that they feel strange when they use a perfectly normal service that is simply just not stealing money from you.
We used them to save for our first home. I just got their bank card and love it. Fantastic in all aspects.
Take note though, you still need a physical bank (big 6 or other) to write certified cheques. So as a primary bank I wouldn’t recommend, but secondary yes
they’re great for HISA, I keep my rainy day funds there. my daily is still a big 5 though
I’ve used them for a couple of years, have a GIC in a TFSA with them. No complaints.
EQ Bank seems to be giving a good deal with GICs at 5.05% for a year.
Decided to switch with them recently and have no complaints.
It is a timed promotional thing, they just aren’t revealing how long they’ll have the boosted interest rate. You’ll have noticed that they say the rate is subject to change at any time – like any savings account really. They might have a duration already in mind, or perhaps they’ll keep the competitive rate until they reach a certain amount of new subscribers. But I doubt it will last more than a year. I have an account with Motive (currently 4.1%) because they’ve actually been consistent leaders in high interest rates. But, most of my cash portion of my fixed income is now in CASH.TO as I’m fairly confident that its yields will continue to beat all banks – aside from promo rates (whether they be advertised as promo or not).
Great interest rates, no fees. Great prepaid card too, use it when travelling all the time
I got an error every time I tried to get into my account but thankfully I have $0 in there so I just gave up.