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Québec filtered HISA chart should include Epargne Placements Quebec
December 12, 2022
6:51 pm
Rene Econome
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Opening an account with this government entity is just like opening an account at any e-bank and the non-promotional interest rate of their Flexi-Plus Savings account presently at 3.25% is the second best in the province after Oaken and tied with Achieva. Money can be deposited and removed with no restrictions or fees. Their GIC rates are not that great but could also be included in the Quebec filtered GIC chart.
https://epq.gouv.qc.ca/en/products-offered/flexi-plus-savings/

December 13, 2022
1:30 am
cgouimet
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Unfortunately, Épargne Placements Québec is restricted to Québec residential addresses.

CGO
August 6, 2023
4:49 am
LightningStrike
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Bumping this thread as I believe that EPQ's Flexi-Plus Savings should be listed on the HISA chart as it effectively act as a savings account and offer decent non-promo rates. It is only available to Quebec resident, so is Saven for Ontario resident. Quebec resident have limited options for HISA and this is often one of the best. Thanks for anyone maintaining this great website.

December 27, 2023
3:07 pm
Peter
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Are there any meaningful differences between how you fund (and withdraw from) an EPQ account compared to any other standard bank accounts?

December 28, 2023
8:42 pm
BlueSky
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Any idea how many external FI links are allowed?
Also, if you can share some of your experience regarding deposit and withdrawal processing times to and from FIs, limits on amounts transferred, maximum insured funds, and any other information you like and dislike about the EPQ. Thanks.

December 30, 2023
9:55 am
Doug
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I was not aware of Epargne Placements Quebec, but I also do not believe, and rather strongly, this product is either eligible for inclusion or that it meets all of the inclusion criteria.

Firstly, Epargne Placements Quebec seems to be a state-owned investment dealer and sales agency, not unlike the former federal entity for marketing Canada Savings Bonds. It's not a regulated financial institution. While many of their investments may offer backing by the Quebec government, they are not, by virtue, deposit products and this "Flexi-Plus" product is no different. It is savings product, backed by and a liability of the Quebec government, to Quebec residents. Crucially, though, it is not a "high interest savings account" nor is it a "deposit account," which are required for inclusion. We would be doing consumers a great disservice by applying the high-interest savings account label to non-HISA products that may or may not carry provincial government guarantees.

Secondly, I would also note we do not list ATB Financial products on an Alberta-filtered HISA list. Those would be closer to being eligible for inclusion, though, because they actually are deposit products.

Finally, for other reasons mentioned by others and Peter, it is not a typical banking product that provides full-service online functionality to manage the account and link other financial institutions.

There is no need to add it, and we would be doing a great disservice in so doing. People can find it on their own, just as they can find ATB Financial or the Canada-Israel Securities Limited investment dealer through search engines like Google. sf-cool

Cheers,
Doug

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