I found this new interesting online bank for Canadians to sock away some money (instead of worrying about stocks)!
EQ Bank just released the details of their online bank today and are offering 3% interest.
This makes it the highest interest being paid by any traditional or online bank right now.
Other features of the account:
– No monthly fees
– Unlimited day-to-day transactions
– No minimum balance requirements
– 5 free Interac r-Transfers per month
– Savings goals feature
– Member of CDIC (Under Equitable Bank)
– No debit card
– No joint accounts
– No TFSA option