Get more details on the EQ Bank EQ Bank Savings Plus Account and connect with EQ Bank now! EQ Bank's flagship product is their Savings Plus Account, which gets you high interest on every $1 you save – with no hassle. Maximize your returns by ditching money market funds How GICs fit into your investment strategy We made it super easy to sign up, too. Canada’s popular online bank, EQ Bank, recently introduced a Joint Savings Plus Account. While. ElitePersonalFinance. Instead, you can move your money between your EQ Bank account and linked accounts (bank accounts held at other financial institutions such as TD Bank, RBC, Scotiabank and BMO). But unlike most checking accounts, you’ll also earn a 1.50% * APY. Note that you do need to open an EQ Bank Savings Plus Account if you want to set up an RSP and TFSA account. Going digital means no everyday banking fees, a high interest rate, convenient banking, and customer service available 7 days a week from 8 AM to midnight, Eastern Time. compare mortgage rates. For full functionality of this site it is necessary to enable JavaScript. Both the RSP and TFSA will be limited to a savings account and GICs. We don't have monthly fees. Your information will be validated online in a few seconds once you complete the application. It currently offers an interest rate of 2.45%. Deposits made under EQ Bank and Equitable Bank are aggregately eligible for CDIC protection up to $100,000, per insured category, per depositor. Get competitive rates when you open a savings account or GIC. COVID-19 update—EQ Bank remains committed to delivering great service and better banking. We’ve partnered with TransferWise to make sending money abroad a whole lot cheaper. In fact, its main selling point is the 2.3% interest rate that comes with the EQ Bank Savings Plus Account. EQ Bank Savings Plus Account Review . April 30, 2020 High-Interest Savings Account, Savings Accounts. Pretty easy, right? Check out our helpful guide. EQ Bank’s Savings Plus Account is the one of the best options in Canada for your daily banking needs. Watch the video to find out why its one of best high interest savings account in Canada. EQ BANK SAVINGS PLUS ACCOUNT. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Want to learn more about savings accounts? No, EQ Bank doesn’t offer a chequing account at this time. As of writing, the EQ Bank TFSA rate is 2.30%* (Interest is calculated daily on the total closing balance and paid monthly. It's easier to help you keep more money in your pocket that way. Saving for a down payment, a rainy day, or a dream vacay? The savings account is designed to help you track your progress and achieve practical savings goals. High daily interest rate. We may also receive compensation if you click on certain links posted on our site. EQ Bank Savings Plus Account: EQ Bank Savings Plus Account. EQ Bank Tax Free Savings Account; EQ Bank has finally introduced RSP and TFSA accounts. The EQ Bank Savings Plus Account is another tool to add to your overall money management system and serves as a great solution for saving. Fixed Mortgage Rates. How Debt Consolidation Affects Credit Score. Whatever your goals, surpass them in no time with 2.30% tax-free interest*! While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. ™ Trademark of Equitable Bank, All Rights Reserved. Retirement on autopilot—pretty clever. EQ Bank is a trademark of Equitable Bank. That means there are no monthly fees to worry about, or minimum balances either. Optional, only if you want us to follow up with you. Sam Bourgi is a contributing writer to Finder.com, where he specializes in financial markets. That’s why we’ve made joint money matters as easy as a click and a tap. With 2.30% tax-deferred interest*, zero fees, and no minimum balance, now’s the best (and smartest!) Even during the pandemic, EQ Bank was one of the last banks to cut their rates – a testament to their commitment to excellence. We may receive compensation from our partners for placement of their products or services. Mortgages. To deposit funds, you can send Interace-Transfers®, set up an electronic funds transfer (EFT) or link two accounts together. EQ Bank TFSA Savings Account The EQ Bank TFSA is a Canadian dollar denominated account that lets you save and earn more on your money completely tax-free. EQ Bank’s Savings Plus Account – High-Interest Savings Account (HISA) Most traditional savings plus accounts at most of the major banks have high-interest rates savings accounts, but, the paradox is that the accounts don’t pay “high-interest”. EQ Bank’s Savings Plus Account, by the name itself, is an enhanced savings account where you can enjoy high interest and the flexibility of a chequing account. Its primary use is to link with your main bank account and transfer funds to it. The eye-popping 1.50%* interest rate is NOT a teaser rate, and has proven its sustainability over time. Con #4: No physical location, only … We’re sorry, the EQ Bank website doesn't work properly without JavaScript enabled. He has spent the past nine years focused on economics, markets and cryptocurrencies. Variable Mortgage Rates. ratehub. Assumes no additional deposits or withdrawals made. It’s fast and simple too—when you send it using TransferWise direct from your EQ Bank account. The transfer can be from another EQ Bank account or any other financial institution. I still maintain a daily chequings account for my day-to-day needs (and other banking requirements) as well as a brokerage account for retirement investing. Enjoy all the benefits of earning more (and saving more) as you do with your EQ Bank Savings Plus Account, but with friends and family, too! Get More, Together with a Joint Savings Plus Account We’re all about better banking—for everyone. With an almost unheard of 2.00% everyday interest rate*, you can park your savings here and let it grow while maintaining access to your funds. The Tangerine savings account and EQ Bank Savings Plus Account are great options for Canadians to get the highest return on their savings, both with pros and cons. EQ Bank is a trade name of Equitable Bank. EQ Bank’s Savings Plus Account is a fantastic offering in this category (for personal banking only; they don’t offer business accounts). Added to wishlist Removed from wishlist 0. Peace of mind, on lock Deposits held in EQ Bank products are eligible for CDIC deposit insurance†. EQ Bank's Savings Plus Account allows you to withdraw funds and pay bills just like you would with a checking account. Sign-up is easy and completely online! The main benefits of the Savings Plus Account include: Some of the biggest drawbacks of a Savings Plus Account include: To open a savings account with EQ Bank, click Go to site on this page to begin filling out an online application. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Promotions and Rate Premiums are excluded. The EQ Bank TFSA is also not open to Quebec residents. Now before you start emailing 100 friends, there are … Enjoy zero everyday banking fees, free transactions and no minimum balance with a Savings Plus Account from EQ Bank. Compare Mortgages. 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