EQ Bank online bank with 3% everyday interest rate

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)

Current negatives:
– No debit card
– No joint accounts
– No TFSA option

Steven Zussino

Steven Zussino is the co-founder of Grocery Alerts Canada. He loves to help Canadians save money on groceries. He also runs the blog, CanadianTravelHacking.com.



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