Who can use EQ Bank?open an account
EQ Bank is available to residents across Canada, including Quebec which is a relatively new addition. However, at this time, some products are not available in Quebec.. With the high-interest rates and lack of fees, it’s an ideal spot to park your money for any long-term goals or, even an emergency fund.Article content
Now, keep in mind that these are all longer-term goals. As I mentioned earlier there are some HISAs out there that have higher rates for a short, introductory period. If you are saving for a purchase that you plan to make in the next few months, then you might want to go with them. However, if your savings are for longer-term goals like mine, then EQ Bank is a great option.Signing up with EQ Bank is pretty easy as long as you meet the criteria shared above.
Once you have the money transferred to your EQ Bank account you can leave it to earn interest for as long as you like or invest it into a GIC.Article content
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banks borrow record-breaking $160B from Fed crisis lending programsThe Federal Reserve's emergency bank lending surged to a record high this week amid fallout from the collapse of Silicon Valley Bank and Signature Bank. This isn’t a good sign 😳 Notta bailout 🙄
Source: FoxBusiness - 🏆 458. / 53 Read more »
This Crisis Will Define the Future of MoneyThe recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank bailing out Credit Suisse to the tune of $54 billion, the echoes of crises in 2008 and 2013 are loud. mikejcasey A sentiment that I am sure has crossed the mind of many at this point. It's imperative that we start to rectify the shortcomings of the current financial system. Implementing innovation Web3 solutions and tools can start to help mold a better future! mikejcasey But with a self custody model aren’t you responsible for securing your ecosystem, one slip, one mistaken click, one error of judgement and it’s all gone with no redress? Is that right?
Source: CoinDesk - 🏆 291. / 63 Read more »