Digital banking service offers 3% interest savings

EQ Bank accounts also allow daily transactions, including bill payments and e-transfers

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From the February/March 2016 issue of the magazine.

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(malerapaso/Getty Images)

(malerapaso/Getty Images)

Great news for consumers looking for a viable high-interest savings account alternative to those at the Big Five. Equitable Bank has launched EQ Bank, Canada’s first completely digital banking service, with an everyday interest savings rate of 3% and no fees or minimum balance requirements. In addition to the higher interest rate, which handily tops anything offered by the big banks, EQ Bank accounts also allow daily transactions, including bill payments and e-transfers.

2 comments on “Digital banking service offers 3% interest savings

  1. Is this an article or an advertisement? With no analysis, comment, or comparison, and not even a question about possible downsides, this looks like nothing but a bought article. Editors of Moneysense should be ashamed. What will you be plugging next and how much are they paying you?

    Reply

  2. I myself appriciated this post, and am now following up with my own research on opening an account.

    Reply

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