Thursday, January 14, 2016

EQ Bank: 3% interest rate

Deal Link: https://www.eqbank.ca/

EQ Bank is currently offering 3% everyday interest for its Savings Plus Account. This is the highest interest being paid by any Canadian banks right now.

Some features (good and bad) of the account:
  • No monthly fees
  • Unlimited transactions
  • No minimum balance requirements
  • 5 free Interac e-Transfers per month
  • Member of CDIC
  • You can link it to other banks' account, but no direct deposit
  • No debit card
  • Not for Quebec residents
  • No TFSA
  • No joint account
So, If you want, you can enjoy free checks from PC Financial, free email transfer from Tangerine, and 3% interest from EQ Bank.  Why do you still need those big banks.