1. Deposits made under EQ Bank and Equitable Bank are aggregately eligible for CDIC protection up to $100,000, per insured category, per depositor. Finder is committed to editorial independence. EQ Bank Savings Plus Account: EQ Bank Savings Plus Account. To deposit funds, you can send Interace-Transfers®, set up an electronic funds transfer (EFT) or link two accounts together. Equitable Bank is a member of CDIC. Sign-up is easy and completely online! We may receive compensation from our partners for placement of their products or services. Using your EQ Bank Savings Plus account, you can now easily send money in 17 currencies to 46+ countries for less. We may also receive compensation if you click on certain links posted on our site. Assumes no additional deposits or withdrawals made. EQ Bank’s Savings Plus Account is the one of the best options in Canada for your daily banking needs. Based on research conducted by Equitable Bank comparing HISA interest rates of Canada’s ‘Big 5’ banks over a 12-month span on an investment of $100. You can use the EQ Bank Savings Plus Account to pay bills and such like a checking account. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Even during the pandemic, EQ Bank was one of the last banks to cut their rates – a testament to their commitment to excellence. How Debt Consolidation Affects Credit Score. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. That’s why we’ve made joint money matters as easy as a click and a tap. rates by provider. Mobile/remote check deposit,Bank transfer, age of the majority in your province or territory, Be a resident of Canada and live outside of Quebec, Be the age of the majority in your province or territory, or older with a valid Social Insurance Number (SIN), Contact information (address, phone number and email address), Personal information (date of birth, occupation, SIN). ratehub. EQ Bank is a trade name of Equitable Bank. Variable Mortgage Rates. The Savings Plus Account features an everyday high interest rate, as well as unlimited free transfers and withdrawals. Pretty easy, right? If you are unsure you should get independent advice before you apply for any product or commit to any plan. Get more details on the EQ Bank EQ Bank Savings Plus Account and connect with EQ Bank now! Earning interest feels good. 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! Unlimited Free Interac e-Transfers®. He has spent the past nine years focused on economics, markets and cryptocurrencies. Fortunately, EQ Bank has listened to its consumers and has introduced the EQ Bank Tax Free Savings Account. EQ Bank Tax Free Savings Account; EQ Bank has finally introduced RSP and TFSA accounts. In today's video I review the EQ Bank's Savings Plus Account. Another main benefit of the Savings Plus Account is that it comes with five free Interac e-Transfers per month. 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. Your information will be validated online in a few seconds once you complete the application. Check out our helpful guide. All you have to do is sit back, relax, and watch your shared savings grow. Rates are per annum and subject to change without notice. Toronto, ON, Canada M5V 3H5. 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. For full functionality of this site it is necessary to enable JavaScript. We’ve partnered with TransferWise to make sending money abroad a whole lot cheaper. It’s fast and simple too—when you send it using TransferWise direct from your EQ Bank account. EQ Bank’s Savings Plus account, or, in other words, their high-interest savings account (HISA), is unlike any high-interest savings account in Canada. EQ Bank offers all of its products and services online and through a mobile app, which means it doesn’t have any physical branches. Enjoy zero everyday banking fees, free transactions and no minimum balance with a Savings Plus Account from EQ Bank. Fixed Mortgage Rates. It's easier to help you keep more money in your pocket that way. While this is a savings account, in many ways, you are able to use it as a chequing account. The savings account is designed to help you track your progress and achieve practical savings goals. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Optional, only if you want us to follow up with you. The eye-popping 1.50%* interest rate is NOT a teaser rate, and has proven its sustainability over time. Read my EQ Bank Tax Free Savings Account review now for the full details. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Share and earn money with those you know and trust the most, while enjoying free transactions, no minimum balance, 1.50% interest *, … These are separate products from the HISA account. Promotions and Rate Premiums are excluded. It currently offers an interest rate of 2.45%. April 30, 2020 High-Interest Savings Account, Savings Accounts. 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. Note that you do need to open an EQ Bank Savings Plus Account if you want to set up an RSP and TFSA account. Peace of mind, on lock Deposits held in EQ Bank products are eligible for CDIC deposit insurance†. ElitePersonalFinance. That means there are no monthly fees to worry about, or minimum balances either. Research considered comparable high-interest savings account interest rates based on data taken from public websites as at June 19, 2020. EQ Bank offers a high interest savings account with free transfers and zero everyday banking fees to help you accelerate your savings over time. High daily interest rate. EQ Bank’s Savings Plus Account does have some really compelling features. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. EQ Bank Savings Plus Account Review . EQ Bank offers a high interest savings account with free transfers and zero everyday banking fees to help you accelerate your savings over time. We don't have monthly fees. Maximize your returns by ditching money market funds How GICs fit into your investment strategy Disclaimer - We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. But unlike most checking accounts, you’ll also earn a 1.50% * APY. No matter what you’re saving towards, we equip you with tools to make it easy to set up and track your progress. HELOC Mortgage Rates. EQ Bank TFSA features Plus, you can sign up and link an external account for recurring contributions in just a matter of clicks. Sam Bourgi is a contributing writer to Finder.com, where he specializes in financial markets. No, EQ Bank doesn’t have debit cards and ATMs. 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. Whatever your goals, surpass them in no time with 2.30% tax-free interest*! Earning more interest than you would at other banks feels even better. The real (mid-market) exchange rate is used and the small upfront fee you pay to Transferwise is often up to 8 times cheaper than what you would pay to the big banks. Features of the EQ Bank Savings Plus Account: No minimum balance is required to earn the 1.50*% interest. Compare Mortgages. Freelancer or traveler, no matter what you do, building a nest egg is possible. The referred individual only needs to open an EQ Bank Savings Plus Account using a valid referral link and fund their account with a minimum of $100 within 30 days of account activation. 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