EQ Raises Savings Account Interest | Page 2 | 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

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
EQ Raises Savings Account Interest
January 26, 2020
10:43 am
moneyhelp
Member
Members
Forum Posts: 300
Member Since:
December 1, 2016
sp_UserOfflineSmall Offline

krwilson said
Tangerine has an offer I am using till the end of January 2020 @ 2.75%. After that not sure what Tangerine may be offering.  

Same, except mine is till end of May. I had moved my $ out to Achieve, then received the offer, so I don't mind moving the money over to Tangerine, as long as I'm given the promo rate, its every 5-6 months now, compared to before every 3 months, still worth it IMO.

January 28, 2020
8:14 am
Vatox
Member
Members
Forum Posts: 1218
Member Since:
October 29, 2017
sp_UserOfflineSmall Offline

The 1 and 2 year rate are finally increased.

February 11, 2020
8:32 am
smayer97
Member
Members
Forum Posts: 912
Member Since:
September 29, 2017
sp_UserOfflineSmall Offline

Dean said

Another member of the Stampede, making the 'Grand Exit' from Tangerine.

You're not alone❗

Save2Retire@55 said

This is amazing. I just got the email too. Love EQ!
For those comparing EQ with others with higher special rates, I don't think it is the good way of comparing a permanent rate with temporary ones.  

Yup ... I don't pay much attention to those short-term 'bait' rates either.

But some here do. LOL sf-laugh  

Vatox said

Yeah, I really want that 2 year GIC at 2.45% because I love to lock my money away.sf-confused  

exactly @vatox That is one key reason people do NOT use GICs to "keep it simple"...because they (and I) are not ready/willing/able to lock in our money.

So rate chasing makes sense. No need to dis those that do.

February 11, 2020
9:07 am
Alexandra
British Columbia
Member
Members
Forum Posts: 500
Member Since:
September 24, 2019
sp_UserOfflineSmall Offline

smayer97 said

Yup ... I don't pay much attention to those short-term 'bait' rates either.

But some here do. LOL sf-laugh  

Vatox said

Yeah, I really want that 2 year GIC at 2.45% because I love to lock my money away.sf-confused  

exactly @vatox That is one key reason people do NOT use GICs to "keep it simple"...because they (and I) are not ready/willing/able to lock in our money.

So rate chasing makes sense. No need to dis those that do.  
I too deal with many banks and credit unions. Now that I am older, I buy the best GIC rate I can get and get paid yearly instead of compounding. This way I can take advantage of any better rates that come up with the interest money. I always keep out around $100K and invest those funds in HISA. If Tangerine doesn't improve, I will be cashing in all my TFSA GICs with them. If they have a descent TFSA HISA rate at the time, I will put the funds in that then cash in December and re-invest in probably Oaken the next year in February. The same goes for the little bit I have in RRIFs with them. Sick of their games!!

February 11, 2020
1:04 pm
theodor
Member
Members
Forum Posts: 19
Member Since:
November 4, 2015
sp_UserOfflineSmall Offline

I find it outrageous that EQ Bank continues to string us along with their promise of offering joint savings accounts. I don't care what interest rate they offer as it is more important for an older person to leave their widow/widower an easily accessible account, free of probate worries. An inept bank indeed that is unable to complete such a task.

February 11, 2020
1:19 pm
ReX
Member
Banned
Forum Posts: 74
Member Since:
April 28, 2017
sp_UserOfflineSmall Offline

theodor said
I find it outrageous that EQ Bank continues to string us along with their promise of offering joint savings accounts. I don't care what interest rate they offer as it is more important for an older person to leave their widow/widower an easily accessible account, free of probate worries. An inept bank indeed that is unable to complete such a task.  

New ETA for Joint is end of March '20.
TFSA and RRSP now promised by end of August '20

No permission to create posts

Please write your comments in the forum.