Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best travel credit cards in Canada for 2024 Jul 12th
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The best travel credit cards in Canada for 2024
From points to perks, a good travel credit card can make your trip more affordable, more comfortable and even more secure.
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Can challengers like EQ Bank and Wealthsimple take on the big banks? Sep 26th
It’s not easy going up against Canada’s banking oligopoly, but some are trying.
Challengers like EQ Bank and Wealthsimple are rolling out new and cheaper offerings, growing their base and gaining brand recognition. But experts say that rather than creating a disruptive threat to the big banks.... More »
US banking giants pledge $30bn to prop up First Republic Bank - Al Jazeera English + MORE Mar 16th
US banking giants pledge $30bn to prop up First Republic Bank Al Jazeera EnglishBig banks create $30B rescue package for First Republic - Business News Castanet.netSeveral big U.S. banks come to the rescue of First Republic Bank CBC NewsFirst Republic Shares Whipsaw .... More »
Is an all-weather portfolio the answer to the shortage of “safe” investments? + MORE Oct 27th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
EQ Bank review 2021
– moneysense.ca
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
As an online-only financial institution, EQ Bank can offer more competitive accounts because it doesn’t have the cost of managing brick-and-mortar branches. They can pass the savings to you in the form of higher interest rates and no-fee everyday service fees.
EQ Bank accounts: overview
As an online-only financial institution, EQ Bank can offer more competitive accounts because it doesn’t have the cost of managing brick-and-mortar branches. They can pass the savings to you in the form of higher interest rates and no-fee everyday service fees.
EQ Bank accounts: overview
Account type
Interest rate
Perks
High-interest account
Get this rate*
1.25%
No minimum balance
Free withdrawals
Free e-transfers
Joint accounts
Cheap international money transfers
TFSA account
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2.30%
No minimum balance
Free withdrawals
Tax-free savings
RSP Savings Account
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2.30%
No minimum balance
Tax-deferred savings
EQ GICs
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1.25% – 2.25%
3-month to 10-year GICs
Get more information about EQ Bank*
7 quick facts about EQ Bank
EQ Bank is owned by Equitable Bank, the ninth-largest domestic bank in Canada, and has over $35 billion in assets under management…
