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USD savings accounts in Canada
July 7, 2022
11:38 am
Norman1
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Looks like the Tangerine Bank 1-year US$ GIC at 3½% is the top.

Bank of Montreal 1-year US$ GIC is 3.05% via BMO InvestorLine.

Bank of Nova Scotia 1-year US$ GIC is 3% via Scotia iTRADE.

July 7, 2022
11:43 am
HermanH
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I stashed mine with Tang for a year. The 3-yr for 3.95% was also mighty tempting.

July 20, 2022
12:16 pm
blahuenga
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Tangerine 1 year USD is up to 3.65% as of just checking

July 23, 2022
3:15 am
Newcommer_80
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maGIC said
Another feature that I have used at EQ is transferring from my EQ USD account to my son’s account in a U.S. bank via Wise on the EQ login. The fee is 72 cents regardless of the amount transferred. I use Agility and RBC accounts to exchange funds and then transfer from RBC to EQ.
With EQ you can transfer to anyone’s account in the USA. Cheaper than a cheque and a stamp.  

Thank you for this wonderful information maGIC , I have a USD with EQ bank and Also want to transfer my USD funds outside canada but for some reason I can only transfer via exchanging CAD to USD!!!! or CAD to USD !

It seems that whenever i try to use wise to transfer funds in my EQ platform it requires me to do it as an exchange !! could you please help. I'm I doing something wrong?

July 23, 2022
12:13 pm
HermanH
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maGIC said
Another feature that I have used at EQ is transferring from my EQ USD account to my son’s account in a U.S. bank via Wise on the EQ login. The fee is 72 cents regardless of the amount transferred. I use Agility and RBC accounts to exchange funds and then transfer from RBC to EQ.
With EQ you can transfer to anyone’s account in the USA. Cheaper than a cheque and a stamp.  

I would urge you to exercise some caution, when transferring to your son's account. IIRC, when you create an e-link at most banks, there is a declaration whereby you state that the account, for which you are creating a link towards, is actually in your name. If the receiving account is in your son's name, you may technically be in violation of the bank terms and conditions.

July 23, 2022
1:55 pm
Norman1
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No pre-authorization is required to deposit funds, automatically or in-person, to someone's bank account.

The agreement one signs with an employer is an agreement to accept salary owed as a direct deposit instead of a paper cheque.

July 31, 2022
12:33 am
implode
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Ooh, 1 year is now 3.75%
Tempted.

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