Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Last Update: June 3, 2020 • Loan Reviews • Online only banks offering high interest savings accounts are becoming very popular. Research considered comparable high-interest savings account interest rates based on data taken from public websites as at June 19, 2020. EQ Bank offers all of its products and services online and through a mobile app, which means it doesn’t have any physical branches. In either case, transfers are free of charge. EQ Bank's savings account is called the Savings Plus Account. He has spent the past nine years focused on economics, markets and cryptocurrencies. Sign-up is easy and completely online! Mortgages. That’s why we’ve made joint money matters as easy as a click and a tap. EQ Bank offers a high interest savings account with free transfers and zero everyday banking fees to help you accelerate your savings over time. Both the RSP and TFSA will be limited to a savings account and GICs. It’s fast and simple too—when you send it using TransferWise direct from your EQ Bank account. The EQ Bank Savings Plus Account reimagines banking by offering an everyday high interest rate plus the flexibility of a chequing account, with unlimited transactions, no … EQ Bank’s Savings Plus Account is a fantastic offering in this category (for personal banking only; they don’t offer business accounts). ™ Trademark of Equitable Bank, All Rights Reserved. Watch the video to find out why its one of best high interest savings account in Canada. Note that you do need to open an EQ Bank Savings Plus Account if you want to set up an RSP and TFSA account. Fixed Mortgage Rates. The Tangerine savings account and EQ Bank Savings Plus Account are great options for Canadians to get the highest return on their savings, both with pros and cons. Our Savings Plus Account now comes with a joint account feature, where you can share—and earn—money with up to three other people. All you have to do is sit back, relax, and watch your shared savings grow. With an EQ Savings account, you can bring savings and chequing activities into one all-purpose account. In fact, at 0.5% or less, I would barely call them an interest-bearing vehicle. All Bank Mortgage Rates. With an almost unheard of 2.00% everyday interest rate*, you can park your savings here and let it grow while maintaining access to your funds. ratehub. We’re sorry, the EQ Bank website doesn't work properly without JavaScript enabled. The best of all, they charge (currently) zero everyday banking fees. Also called the Savings Plus Account, the EQ Bank Savings Plus Account offers you facilities of limitless fund transfers and withdrawals without incurring any fee. To be eligible for a Savings Plus Account, you must meet the following criteria: To deposit funds into an EQ Bank Savings Plus Account, you need to set up a transfer from an existing account. It's easier to help you keep more money in your pocket that way. EQ Bank's flagship product is their Savings Plus Account, which gets you high interest on every $1 you save – with no hassle. As of writing, the EQ Bank TFSA rate is 2.30%* (Interest is calculated daily on the total closing balance and paid monthly. April 30, 2020 High-Interest Savings Account, Savings Accounts. We’re all about better banking—for everyone. EQ Bank’s Savings Plus Account does have some really compelling features. Using your EQ Bank Savings Plus account, you can now easily send money in 17 currencies to 46+ countries for less. Each month, you may make as many withdrawals as … compare mortgage rates. Plus, you can sign up and link an external account for recurring contributions in just a matter of clicks. Rates are per annum and subject to change without notice. Promotions and Rate Premiums are excluded. There are no monthly account fees. Pretty easy, right? To open up an EQ Bank TFSA, you have to have an EQ Bank’s Savings Plus Account and there is only one EQ Bank TFSA allowed per customer. His work has been featured in and cited by some of the world's leading newscasts, including Barron's, Yahoo, CBOE and Forbes. With no hidden fees and the real exchange rate, it’s just another way we’re making banking better. EQ Bank’s Savings Plus Account is the one of the best options in Canada for your daily banking needs. The eye-popping 1.50%* interest rate is NOT a teaser rate, and has proven its sustainability over time. Retirement on autopilot—pretty clever. 1. The savings account is designed to help you track your progress and achieve practical savings goals. Whatever your goals, surpass them in no time with 2.30% tax-free interest*! Added to wishlist Removed from wishlist 0. EQ Bank Joint Savings Plus Account. The Savings Plus Account features an everyday high interest rate, as well as unlimited free transfers and withdrawals. The transfer can be from another EQ Bank account or any other financial institution. All with online sign-up. All Broker Mortgage Rates. Get competitive rates when you open a savings account or GIC. Compare Mortgages. Going digital means no everyday banking fees, a high interest rate, convenient banking, and customer service available 7 days a week from 8 AM to midnight, Eastern Time. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Finder is committed to editorial independence. But unlike most checking accounts, you’ll also earn a 1.50% * APY. Interest is calculated daily on the total closing balance and paid monthly. Share and earn money with those you know and trust the most, while enjoying free transactions, no minimum balance, 1.50% interest*, and more. Your information will be validated online in a few seconds once you complete the application. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. I still maintain a daily chequings account for my day-to-day needs (and other banking requirements) as well as a brokerage account for retirement investing. There’s no monthly fee or minimum balance. The main benefits of the Savings Plus Account include: Some of the biggest drawbacks of a Savings Plus Account include: To open a savings account with EQ Bank, click Go to site on this page to begin filling out an online application. Stand-out features of the EQ Bank Savings Plus Account EQ Bank markets its high-yield savings account as a tool to complement your banking experience. You’ll be asked to verify your eligibility and fill out the required information. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. No, EQ Bank doesn’t offer a chequing account at this time. The main account most people are interested in is the EQ Bank Savings Plus Account, which features an attractive interest rate of 2.30%*.In the Canadian Savings Account arena, a 2.30% interest rate is among the highest around. The real (mid-market) exchange rate is used and the small upfront fee you pay to Transferwise is often up to 8 times cheaper than what you would pay to the big banks. No matter what you’re saving towards, we equip you with tools to make it easy to set up and track your progress. 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