Thursday, May 4, 2017

EQ Bank 2.3% interest rate

EQ Bank is currently offering 2.3% everyday interest for its Savings Plus Account (up from 2%). This 2.3% does not require new client or new deposit. Pretty good place to put your money.

Some features (good and bad) of the account:
  • No monthly fees
  • Unlimited transactions
  • No minimum balance requirements
  • 5 free Interac e-Transfers per month
  • Free EQ to EQ transfers
  • Free bill payment (not common for a Savings account)
  • 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