EQ Bank online bank with 3% everyday interest rate

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)!

eqbank-logo

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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