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Email this2:53 pm
May 28, 2013
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7:56 pm
September 28, 2023
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Interesting that most of their moves are 25bp rather than falling in line with BoC's 50bp.
Also surprised that the notice accounts haven't been sliced, if you can wait 10 days for withdrawal, it now lets you double your interest! (direct deposit would achieve this boost as well)
8:21 pm
January 10, 2020
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everhopeful said
Also surprised that the notice accounts haven't been sliced,)
Yeah, they were:
8:42 pm
September 28, 2023
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I stand corrected... I wonder why rhvic's screenshot didn't include them. (did they add them later?)
9:45 pm
October 27, 2013
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everhopeful said
Interesting that most of their moves are 25bp rather than falling in line with BoC's 50bp.
HISA rates are tailored to bring just in enough deposits to meet their needs. Their direct competition is their peer group not BoC overnight rate, nor 30 day T bills, which are only an indirect effect. That is also why there is such a wide range of HISA rates on the HISA chart.
When the BoC overnight rate was 0 or 0.25%, HISA rates did not fall to near zero.
9:09 am
April 6, 2013
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The December 12 e-mail I received from EQ Bank had this table that includes the lower rates for their notice accounts:
| Account | Current rate* | Rate beginning December 17, 2024* |
|---|---|---|
| Personal Account, Joint Account and EQ Bank Card balance (base rate) | 2.00% | 1.75% |
| Personal Account, Joint Account and EQ Bank Card balance (with qualifying direct deposits) | 3.75% | 3.50% |
| 10 Day Notice Savings Account | 3.50% | 3.00% |
| 30 Day Notice Savings Account | 3.65% | 3.05% |
| FHSA Savings Account | 2.75% | 2.50% |
| RSP Savings Account, TFSA Savings Account | 2.50% | 2.00% |
10:37 am
September 28, 2023
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I just double checked, and my email arrived Dec 12 (9:44 ET) as well, and it is the same list as rhvic (without the notice accounts). I have never opened a notice account (I just have GICs with EQ) so is that why my email is different?
We’re writing to inform you that on December 17, 2024, the following interest rate changes will take effect for EQ Bank accounts:
Account Current rate* Rate beginning December 17, 2024*
Personal Account, Joint Account and EQ Bank Card balance (base rate) 2.00% 1.75%
Personal Account, Joint Account and EQ Bank Card balance (with qualifying direct deposits) 3.75% 3.50%
FHSA Savings Account 2.75% 2.50%
RSP Savings Account, TFSA Savings Account 2.50% 2.00%
11:14 am
April 6, 2013
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Looks like EQ Bank e-mailed out more than one version of the notice!
11:27 am
October 27, 2013
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Norman1 said
Looks like EQ Bank e-mailed out more than one version of the notice!
I got what you got....
6:03 pm
January 10, 2020
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everhopeful said
I just double checked, and my email arrived Dec 12 (9:44 ET) as well, and it is the same list as rhvic (without the notice accounts). I have never opened a notice account (I just have GICs with EQ) so is that why my email is different?
I suspect that is the reason. I opened the 30 day notice account when they first introduced it.
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