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3-month GIC: 3%
June 28, 2019
6:03 am
Norman1
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EQ Bank is offering 3-month GIC's for 3%.

June 28, 2019
7:57 am
pwm
Headingley MB
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Dang! I pulled all my cash out because they still don't have joint accounts. Now I'm tempted with 3% for 3 months. "Just when I thought I was out they pull me back in!"
(Reference: The Godfather part III).

June 28, 2019
8:25 am
hwyc
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Looks like they are going to grab a chunk from Simplii targeted extension ending June 30th.

June 28, 2019
11:59 am
Loonie
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thanks, Norman.
They might get me back for this one too!
While we're all moaning about low rates, it might be worth remembering that EQ's previous 3 month GIC last winter only paid 2.35%.

June 28, 2019
6:59 pm
AltaRed
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First time ever that I've taken funds from an online HISA and purchased a GIC from the same online bank. Took about 15 seconds to make the 3 month purchase.

June 28, 2019
11:25 pm
Norman1
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Loonie said


While we're all moaning about low rates, it might be worth remembering that EQ's previous 3 month GIC last winter only paid 2.35%.

That's because the promotional rate for their 3-month GIC ended by the time our pulled-in funds were released from the five business day hold.

EQ Bank gave us a "Goodwill Gesture" credit to top up the return to the promotional 3.33% rate.

June 29, 2019
4:29 am
Loonie
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Oh, yes, I forgot about that.

July 11, 2019
6:26 pm
dentgal
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hywc: I logged onto Simplii for the first time in months. They are offering 2.5% on new money until I believe it was October 30. Is anyone getting a higher rate?

July 11, 2019
6:58 pm
hwyc
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dentgal said
hywc: I logged onto Simplii for the first time in months. They are offering 2.5% on new money until I believe it was October 30. Is anyone getting a higher rate?  

Unfortunately, I am not being targeted by Simplii, not even for the 2.5% offer ... sf-frown my money is already in the EQ "holding" tank.

July 11, 2019
9:24 pm
Loonie
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dentgal said
hywc: I logged onto Simplii for the first time in months. They are offering 2.5% on new money until I believe it was October 30. Is anyone getting a higher rate?  

You could try Motive Savvy Savings at 2.8%. The rate is not guaranteed but has been stable for quite a while.

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