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Email this7:36 pm
April 7, 2022
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Just got the email -- max cumulative balance increased from 200k to 500k. Used to be just for pre-2016 and joint account holders.
We’ve increased the maximum cumulative balance for non-registered savings accounts* from $200,000 to $500,000.
This update is effective immediately, and no action is required on your end.
Sincerely,
EQ Bank
*Applies to combined balances across Personal Account, Joint Account, 10-day Notice Savings Account, 30-day Notice Savings Account, and US Dollar Account (CAD equivalent).
8:26 am
February 7, 2019
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I didn't know any FI had limits on one's deposits ...
| CGO |
8:41 am
April 6, 2013
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Some of them do to manage the amount of uninsured deposits.
Alterna Bank limits their High Interest eSavings account to $250,000 plus interest per customer.
Scotiabank requires pre-approval for their brokerage ISA's (like DYN6004) on deposits over $50 million.
10:37 am
February 7, 2019
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Norman1 said
Some of them do to manage the amount of uninsured deposits.Alterna Bank limits their High Interest eSavings account to $250,000 plus interest per customer.
Scotiabank requires pre-approval for their brokerage ISA's (like DYN6004) on deposits over $50 million.
Well I'm not placing my 50 in one FI, not even one of the big six!
| CGO |
11:01 am
October 21, 2018
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EQ Bank still has a $100k limit on each GIC. You need to open more than one if you have >$100k to invest. I had $120k last time, so opened two at $60k each.
Makes no sense. Why would they do that?
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