1 Percent Match - 2025 | EQ Bank | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
1 Percent Match - 2025
November 4, 2024
1:38 pm
hwyc
GTA
Member
Members
Forum Posts: 1253
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline

https://www.eqbank.ca/one-percent-match

Any new deposits or transfers made to an FHSA Savings Account, a TFSA Savings Account, or an RSP Savings Account between November 1st, 2024, and February 28, 2025 are eligible for the offer.

We will match 1% (Footnote *) of any new funds transferred or deposited into your FHSA Savings Account, TFSA Savings Account, or RSP, between November 1, 2024, and February 28, 2025. Contributions must be kept in the registered accounts for one year after the promotion end date to be eligible for all four quarterly payments.

The bonus will be calculated based on your registered account’s balance on May 31, 2025, August 31, 2025, November 30, 2025, and February 28, 2026, and will be paid directly into the registered account.

The bonus is based on new funds only, and withdrawals will affect your bonus payout as follows:

Partial Withdrawals: if funds are partially withdrawn before February 28th, 2025, or during the 12-month bonus payout period, the bonus will be calculated and paid on the remaining amount only.

Complete Withdrawals: if funds are withdrawn entirely and not reinstated before February 28th, 2025, you will no longer be eligible for the 1% bonus. (Footnote *) If funds are entirely withdrawn during the 12-month bonus payout period and not reinstated before the next payment calculation date (dates mentioned above), you will also become ineligible for further bonus installments.

November 4, 2024
2:34 pm
hwyc
GTA
Member
Members
Forum Posts: 1253
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline

Isn't this like a 1-yr 1% cashable, quarterly paid, in disguise?

November 4, 2024
5:25 pm
Alexandre
Member
Members
Forum Posts: 1229
Member Since:
November 8, 2018
sp_UserOfflineSmall Offline

It is almost given that rates will keep going down in the next 12 months. The offer is for funds that are kept for a year. It would make more sense to buy EQ 1yr GIC at 4% today's rate, than keep money at 3.5% and declining rate.

Please write your comments in the forum.