Does EQ Bank offer investment products like Tax-Free Savings Accounts (TFSAs) or Retirement Savings Plans (RSPs)?
Yes. EQ Bank offers investment products, including Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs). The TFSA Savings Account earns 3.00% tax-free interest with no minimum balance or fees. TFSA GIC options with guaranteed rates are also available. The RSP Savings Account provides high-interest opportunities, and customers can choose RSP GICs with competitive rates, including up to 5.00% for a 1-year term.
Can I earn interest on my funds in the EQ Bank Savings Plus Account daily?
Yes. Interest is calculated daily on the total closing balance of your account and is paid out monthly.
Does EQ Bank offer a joint account option for the Savings Plus Account?
Yes. EQ Bank offers a Joint Savings Plus Account that allows up to four people to earn high interest and enjoy the flexibility of chequing, all without paying monthly fees. Signing up for a joint account can be done conveniently online in minutes.