EQ Bank Update

As per my post from a couple years ago I used EQ Bank for a while for their High Interest Savings Account. At the time they had one of the best rates in the market, and the account was far easier to use than Implicity (now Outlook Financial).

However, things that are too good tend to disappear. Over the past couple years the rates for EQ Bank have dropped a bit, now at 2.5%. You can see their rates here. Still a competitive rate, and a very easy to use website, but there are better options in the market

The EQ Bank savings account does have some nice features, including free etransfers and bill payments, no minimum balance and an easy to use interface. However, they don’t have a debit card so it really isn’t practical to use on a day to day basis.

If you are opening an account why not use my referral code? We both get $20.