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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.

July 25, 2019
12:56 pm
Yatti420
Canada
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This was active for me today..

July 31, 2019
1:29 pm
hwyc
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Looks like the promo ended. I cannot find this offer (3-month GIC: 3%) on EQ site today ... 3 month GIC now 2.33%

July 31, 2019
5:29 pm
Loonie
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I bought my final 3 month GIC early on July 30, as soon as my last deposit cleared. Just in the nick of time apparently. Rate must have changed today (31st).
I had noticed that for the last week or so, the ad for this promo did not appear on the home page but it was still there on the GIC page but not there now.

If anyone has funds in transit or on hold, they can probably still get the promo by phoning. That's the way it worked last time anyway.

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