EQ Bank personal account
If you’re in search of a checking account you could use each day, save and earn interest at the identical time, you must consider the EQ Bank personal account. You’ll earn 2.25% interest or can increase it as much as 4.00% for those who direct deposit your paychecks. There are not any fees or minimum balance requirements, and account holders get unlimited transactions (yes, really).
With this account you may as well make the most of the advantages of the EQ Bank Card. You can use it to withdraw money from any ATM in Canada and EQ will reimburse you for the fees. Additionally, while you use this card, you will not pay foreign transaction fees on purchases made in currencies apart from Canadian dollars. Last but not least, you get 0.5% cashback while you use this card. And that’s not promoting – that’s on a regular basis returns.
With the EQ Bank Card, interest is paid into the linked private account and cashback is paid into the cardboard, each paid out monthly. (See the EQ bank card agreement Further information on receiving cashback and other terms and conditions applicable to the EQ Bank Card.)
EQ Bank joint account
If you need to share all the advantages of the private account with up to a few people, try the EQ Bank joint account. There are the identical high rates of interest and no fees for on a regular basis banking transactions. Joint accounts are an incredible solution to manage money between spouses, roommates, members of the family, and even friends when sharing funds. Pursuing the identical goal, similar to saving for a visit and even paying rent, is a breeze when you will have a single account.
EQ Bank Notice Savings Account
If you are in search of a secure, high-interest account with the convenience of planning your withdrawals prematurely, the EQ Bank Notice Savings Account could also be just what you are in search of.
Here’s how it really works: You deposit your money into your EQ Bank Notification savings account and conform to do the Bank Notification (hence the name) before making a withdrawal. There are two different notice savings accounts: with a notice period of 10 days you’ll receive 4.00% in your deposits, with a notice period of 30 days you’ll receive 4.25%. There are not any fees, minimum deposits or balance requirements and you may make as many withdrawals as you want – a bonus is that you simply proceed to earn the high interest even through the withdrawal period.
EQ Bank US Dollar Account
If you would like an account for US dollars, EQ Bank’s US dollar account will be a great option. It offers highly competitive exchange rates, no monthly fees and an exceptional rate of interest of three.00%. (Foreign currency transactions are subject to the Mastercard currency conversion rate. EQ Bank doesn’t charge any additional exchange rate fees or surcharges.)
If you are in search of ways to get more out of your money, promotional rates of interest will be tempting – but do not forget to weigh your options. Accounts with consistently high rates of interest in addition to other advantages and no fees could possibly be a greater alternative.
