January 13, 2022
For the client's best interest.
For me, it's move $$ out of EQ and into TING's 2.8% Promo HISA (to Oct 31). Simplii has a 2.75% Promo ending June 30th. Perhaps Simplii will up the ante in July. Duca and others have Promos too.
My point is... there are alternatives. EQ does not have to raise rates and I don't have to leave $$ there.
True enough. But EQ has some of the consistently highest rates. And when we see central banks raise their rates to where they need to be, EQ will be among the top, which is what I'm waiting for. If it were a case of simply moving money, I would also take advantage of better offers in the interim. However, my holdings at EQ are in RRSPs. Not so easy to move.