EQ Lowers Savings Account Interest | EQ Bank | Discussion forum

Just received this email...

"Last week, the Bank of Canada lowered its interest rate by 0.50%. As you may know, the Bank of Canada benchmark interest rate has an effect on the rates that banks can offer its customers.

As a result, beginning on Tuesday, March 10, the new rate on our EQ Bank Savings Plus Account will be 2.00%*.

Although rate fluctuations are normal, we don’t take rate reductions lightly—we’re making this change in response to market conditions.

Nothing else about your EQ Bank account has changed. You'll continue to earn high interest on every dollar, with no everyday banking fees. Plus, you still get free Interac e-Transfers®, free bill payments, cheap and fast international money transfers, and more.

Get 2.45%† on a 3 month GIC

To bring you more value and peace of mind, our GICs are a simple and secure way to lock in a portion of your savings at guaranteed rates. That’s why, for a limited time, we’re offering a 2.45% rate on our 3-month GIC—which you can purchase in just a few easy steps right from your account."