TFSA 3-month GIC rate now 2.3% | EQ Bank | Discussion forum

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TFSA 3-month GIC rate now 2.3%
January 14, 2021
3:57 am
Laertes
Member
Members
Forum Posts: 7
Member Since:
June 10, 2020
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Just noticed this morning. So small drop in the 3-month rate from 2.5% to 2.3%. Now the same as the TFSA account.

Other rates are the same, I believe:

3 Month 2.30%
6 Month 1.80%
9 Month 1.65%
1 Year 1.50%

January 14, 2021
11:28 am
LK
British Columbia, Canada
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Forum Posts: 24
Member Since:
July 9, 2020
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Same with their RSP GIC rates.

EQ Bank RSP GIC terms & rates
Term Rate
3 Month 2.30%
6 Month 1.80%
9 Month 1.65%
1 Year 1.50%

January 14, 2021
5:08 pm
Loonie
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Forum Posts: 6686
Member Since:
October 21, 2013
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They never said it was a promo rate, but, just like when EQ first opened, it really is.

The preferable way of doing business, in my opinion, is to state how long the offer is valid, right from the beginning. EQ doesn't do that.

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