EQ 5 yrs GIC 3.5% | EQ Bank | Discussion forum

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EQ 5 yrs GIC 3.5%
May 29, 2018
2:46 pm
Save2Retire@55
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EQ increased their 5 years GIC interest rate to 3.5%. We are getting close to 4%. Do you smell another BOC rate increase?

May 30, 2018
6:21 am
Dennis
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I surprise to learn that EQ Bank does not allow to buy GIC with money on hold.
It is the first bank does not allow. Actually second. Hubert was the first but they cleared hold immediately when I called in. EQ can't do anything.

May 30, 2018
10:19 am
semi-retired
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Dennis said
I surprise to learn that EQ Bank does not allow to buy GIC with money on hold.
It is the first bank does not allow. Actually second. Hubert was the first but they cleared hold immediately when I called in. EQ can't do anything.  

This is true.I ran into the same problem this week.My money was taken from BMO last Fri & it is still on hold.It looks like EQ credits your account immediately with the deposit.I made another transfer this AM from Tang & the amount was again immediately listed in my account,but on hold. EQ 1 year GIC at 2.76% looks very attractive to me.Just wish they had joint accounts for 2X CDIC coverage.

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