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Email this5:08 am
January 7, 2016
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To my surprise interest rate in my EQ bank was lowered down to 1.25% right now and not on May 25 as announced. I feel quite stupid for transferring money from tangerine. Time to move again. So disappointed….. PS They still hold my money as a hostage (hold) for one week despite it was pulled to EQ by them.. 
5:26 am
August 1, 2015
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You misunderstood the email or posts. On April 16th the high-interest savings account rate dropped to 1.25%. On May 26th the TFSA interest rate will drop to 1.25%.
I have confirmed that the TFSA interest rate currently remains 2.3%.
The paragraph from the email:
As of Friday, April 16th, 2021, the interest rate on our Savings Plus Account will change from 1.50% to 1.25%*; as of Wednesday, May 26th, 2021, the interest rates on our TFSA Savings Account and RSP Savings Account will change from 2.30% to 1.25%.*
5:55 am
September 30, 2017
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...is it really necessary to react in such extreme words ?
5:59 am
September 11, 2013
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I agree, the title to this thread disparages EQ Bank with no justification, it appears.
7:15 am
May 15, 2007
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Topic title renamed from "EQ Bank was not honest" to "Disappointed by EQ Bank rate drop".
7:29 am
November 8, 2018
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3 months GIC at 1.5% is still available, for those who are disappointed by rate drop.
I signed for it, because it gives me time to figure what I am going to do next.
10:02 am
February 17, 2013
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EQ pulled the "This is not a promo rate" when they opened up their HISA accounts. Didn't really expect this rate to last either. Am I disappointed in lower rates? Yes. I am also disappointed with rate drops at:
The Bank of Canada
Motive
Tangerine
Hubert
Cdn Tire
Oaken
AcceleRate Financial
Achieva Financial
Alterna Bank
Bridgewater Bank
Ideal Savings
Implicity Financial
LBC Digital
MAXA Financial
motusbank
Neo Financial (not a REAL bank)
Outlook Financial
Peoples Trust
and Wealth One Bank of Canada
Unfortunately, may not be the end of the rate lowering
Welcome to pandemic economics
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