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7:52 am
September 30, 2017
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8:14 am
April 6, 2013
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There's the Canadian Western Bank Flex Notice Account. It was discussed in Does anyone have experience with CWB's (Motive's parent company) "Flex Notice" account?
Used to be interesting until Canadian Western Bank cut the rates. According to RedFlagDeals.com posts, was P-1.75% for 31 days notice and P-1.5% for 93 days. Became P-2.6% (now 7.2% - 2.6% = 4.6%) for 31 days notice and P-2.2% (now 7.2% - 2.2% = 5%) for 93 days.
8:20 am
November 5, 2022
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8:36 am
January 12, 2019
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.
Here's the 'Full Scoop' ➡ https://www.eqbank.ca/personal-banking/notice-savings-account
I'm Liking that 30 Day Notice @ 5.00%.
- Dean
P.S.
But of course ... those interest rates
are subject to change, at any time.
" Live Long, Healthy ... And Prosper! "
10:16 am
November 8, 2018
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10:54 am
September 30, 2017
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11:15 am
November 8, 2018
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Alexandre said
I can't seem to find that when I login to my EQ bank account. I don't have an option to open "Notice Savings Account."Does anyone know where is it? If you do, can you share a screenshot?
Thanks, Norman1. Also, it just appeared in my EQ Bank app. Was not there when I asked.
This product is for me. Already opened Notice Savings Account. Moved funds there to test how it works. Will move more.
Thanks, hwyc, for sharing this!
12:20 pm
January 12, 2019
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hwyc said
... didn't say explicitly but looks like it's non-registered only & no joint.
Maybe they ⬆ will happen later ?
Let's wait an' see.
- Dean
P.S.
I just tried to open an EQ Notice SA, but was blocked
and this notice popped up; "You already have two
of these accounts" ... which of course, I don't.
LOL ... I guess they've still got some Bugs to work out.
" Live Long, Healthy ... And Prosper! "
2:06 pm
November 5, 2022
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4:29 am
October 21, 2018
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9:41 am
January 12, 2019
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10:01 am
October 21, 2018
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10:16 am
January 12, 2019
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Dean said
. . .
P.S.
I just tried to open an EQ Notice SA, but was blocked
and this notice popped up; "You already have two
of these accounts" ... which of course, I don't.LOL ... I guess they've still got some Bugs to work out.
It looks like they fixed it already. It was either that, or it was because I cleared all my cookies.
2day I was able to set up an EQ Notice SA @ 5.00%.
Give it a try, Pwm.
- Dean
" Live Long, Healthy ... And Prosper! "
3:55 am
October 21, 2018
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I tried again and it still says "You already have 2 accounts".
Deleted cookies for EQ Bank, logged off/on, tried again, still no joy. Not really a big deal since I only have $463 in cash. The large amount is in 2 GICs. (Funny that they only allow a max of $100k per GIC so I had to break it into 2)
This would be nice if I was sitting on a large cash balance however.
4:54 am
March 17, 2022
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Not sure if it is of major significance, but using a "Notice" account effectively eliminates the ability to pull money out of EQ Bank into another financial institution. The only option is to "push" it out. Again, this may be of little or no consequence to anyone but sometimes the devil is in the details.
7:01 pm
August 30, 2023
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This looks to be a very good option instead of the promo games. I just opened 2 of these Notice accounts at EQ. EQ seems to have very good technology. Opened these accounts in seconds. No minimum balance. I believe these should become popular here as sometimes it becomes difficult to play the promo games.
With a 5% rate currently looks competitive.
8:59 pm
April 14, 2021
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zgic said
This looks to be a very good option instead of the promo games. I just opened 2 of these Notice accounts at EQ. EQ seems to have very good technology. Opened these accounts in seconds.
I thought the same as you, and opened two accounts, too. Unfortunately, their tech leaves a lot to be desired; it often throws me out for unknown reasons and forces me to log back into the system.
However, I want to tell you about a current problem with my 30d Notice account. I moved funds into it on July 3 and they arrived on July 4. I fully expected them to stay in 30d acct, but then got the 5.5% offer from Tang. So, I decided to move the funds back, to gain the additional 0.5% (Also, I would not have to suffer any transfer delays at Tang.)
I made an entry to transfer my 10d account funds, since the amount was less than $30K. The 30d acct was large and would require several transactions, if I wanted to enter them myself. So, I called EQ and insisted that the CSR make the single large entry, since my portal would not allow the larger amount. I fully expected to just lose out the 0.5% bonus interest differential for the first month and was willing to accept the loss. However, after the CSR entered the transaction, about 10 mins later, I received a notification that the funds had moved out on July 5 (There was no way they would arrive until Monday, so I lost out the weekend interest.) I tried several times to call back and find out what had happened.
Did the funds actually move or did they just 'disappear for 30 d' and would transfer after the 30d delay, the same way my 10d funds were scheduled to transfer after 10d delay?
After trying for several days to catch the manager and failing, the funds still have not appeared either in Tang or EQ. I was told by another manager that EQ conducted the EFT transaction immediately, instead of waiting the 30d (possibly because it had been entered by a CSR, thus potentially voiding any mandatory delay.) She said that because it was a new product, it was an unforeseen circumstance/hiccup.
I have lost approximately $30 interest every day (6 days, thus far.) I anticipated losing a few days, but now I am losing hundreds because of their system. Normally, EFT from EQ is received the next business day, when I enter it.
Had the system worked as supposed, my money would have sat in EQ earning 5% for 30 days and then transferred to Tang for the higher 5.5% rate. I would have missed $30-60 interest during the transfer period and the 0.5% bonus differential for the month. Instead, I am out $240+ and still waiting.
Just something I wanted to report, in case anyone wanted to try and get their money out of Notice accounts earlier. Also, to not be so sunny about EQ tech.
5:12 pm
August 30, 2023
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HermanH said
Had the system worked as supposed, my money would have sat in EQ earning 5% for 30 days and then transferred to Tang for the higher 5.5% rate. I would have missed $30-60 interest during the transfer period and the 0.5% bonus differential for the month. Instead, I am out $240+ and still waiting.Just something I wanted to report, in case anyone wanted to try and get their money out of Notice accounts earlier. Also, to not be so sunny about EQ tech.
Thank you HermanH for the detailed info. So because the amount was large you had to call the CSR at EQ. Does that mean there is a transfer limit at EQ? Did not understand what you meant by your portal?
Please let me know the end result of this ordeal and that you are never going to use these Notice accounts at EQ again?
5:58 pm
April 14, 2021
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zgic said
So because the amount was large you had to call the CSR at EQ. Does that mean there is a transfer limit at EQ? Did not understand what you meant by your portal?
That is correct. The EQ daily outbound transfer limit for a single transaction (initiated by a user) is 30K. You can do multiple transfers of 30K. (I do not know how many are allowed.)
The portal, to which I refer, is when I log onto EQ's system.
I may use the EQ notice accounts in the future, but I will remind myself just how faulty their system is and avoid their bugs. I could have transferred the funds through multiple transactions, but wanted a single amount to match the single amount moved into the EQ30 account. As of today, my funds have still not arrived at Tang.
To their credit, EQ said that they are willing to pay me 5% interest on the funds for every day my money remains missing after the 3-business day transfer delay window outlined in their terms and conditions. So, I lose the weekend (3 days) and 3 business days of interest, approximately $240.
Please write your comments in the forum.