- Rev.001-first posted on 2022-01-24
- Rev.002-posted on 2022-02-24, updated GIC rates in second pic
- Rev.003-added welcome bonus of $150, promo ends April 18th
From now to April 18th, there is a welcome bonus of $150 when you switch an eligible recurring payroll direct deposit to EQ Bank. The direct deposit needs to be kept for at least 3 months. This $150 can also be stacked with the referral bonus, as confirmed by the online chat representative.
EQ Bank is a online digital bank which offers multiple types of high interest saving accounts, including
- Savings Plus account
- USD saving account
- RRSP saving account and
- TFSA saving account
The saving interest rate for Canadian dollars is now sitting at 1.25% (see first pic below), which is pretty good compared to other Canadian major banks. Best part is that, this rate is not a temporary promotional type, meaning it would always be there unless the prime rate significantly changes.
EQ Bank also provides even higher interest rates for GIC’s in these type of accounts as well, for example the 3-month or 6 month term GIC rate is 2.05% as of 2022-02-24.
See second pic below for different rates on GIC’s of variously terms. These rates are the same for non-registered, RRSP and TFSA accounts.
If you are interested please sign up using the link below: (using the link below and deposit $100 within 30 days of account opening, then there will be at least $20 bonus for you)
https://join.eqbank.ca?code=YANG2245
