Pros & Cons
Pros
- +No monthly fee
Cons
- –Limited transactions
Current Promotion
The EQ Bank GIC Savings Account lets you invest in fixed-rate Guaranteed Investment Certificates (GICs), a safe way to grow your savings while staying sheltered from market fluctuations.
GICs are available for terms ranging from 30 days to 10 years, with a minimum deposit of just $100, and can be held in a non-registered or registered account (TFSA, RRSP, FHSA). They are non-redeemable before maturity and are CDIC insured up to the applicable limits.
It is a good fit if you are looking for a guaranteed, predictable return over a set horizon. Rates vary by term; check the EQ Bank website for current rates.
Account Features
- E-StatementNot included
- Unlimited TransactionsNot included
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