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eqbank

eqbank.ca 3 years 3.25% GIC

  • Last Updated:
  • Nov 9th, 2018 4:19 am
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[OP]
Deal Addict
User avatar
May 20, 2009
1498 posts
1142 upvotes
Mississauga

eqbank.ca 3 years 3.25% GIC

Deal Link:
Retailer:
eqbank
Decent 2 or 3 years GIC.
Log into your account and click buy gic on the left side, if you are interested.
PM $13/30 days, 250MB with unlimited incoming/30d
19 replies
[OP]
Deal Addict
User avatar
May 20, 2009
1498 posts
1142 upvotes
Mississauga
XiaohanJ117 wrote: Old deal, wrong section
Dude, it is very easy to criticize without anything useful, that is one of the reasons people stop posting deals here.
Are you treating yourself like a judge? I say your post is just worthless.

To the minimum, at least post why you thinking that way with some facts, so that it can help people improve in the future.

I just don't get why tangerine 2.5% online saving is a deal, EQ 3 year 3.25% GIC is not.
PM $13/30 days, 250MB with unlimited incoming/30d
Sr. Member
Apr 24, 2013
579 posts
288 upvotes
Toronto
What happens when you take out the money early?
I got Fido and Public Mobile. [removed solicitation] ????
Jr. Member
Mar 8, 2017
130 posts
158 upvotes
Ottawa
john5170 wrote: What happens when you take out the money early?
I believe you only get the principal and no interest
Member
Jan 5, 2010
355 posts
217 upvotes
Edmonton, AB
john5170 wrote: What happens when you take out the money early?
shimdachef wrote: I believe you only get the principal and no interest
Actually according to their FAQ's:

"What if something comes up and I need to cancel?
Life happens. And we get that. Our GICs are non-redeemable but if it’s within one business day after the effective date of your purchase, you can cancel online."


https://www.eqbank.ca/personal-banking/common-questions

So, it seems like most GICs we can buy, you are stuck.... (unless you cancel within the first business day of buying it)!
Deal Fanatic
Oct 1, 2004
6651 posts
993 upvotes
GTA
are GICs count as part of the saving accounts 100K CDIC coverage?
Member
Feb 23, 2010
322 posts
738 upvotes
Vancouver
Dumb question: I never dealt with EQ bank before. Seems like an online bank. Is it safe? What if the bank goes bankrupt?
Deal Addict
Dec 5, 2005
1134 posts
733 upvotes
Cambridge,Ontario
humble_kid wrote: Dumb question: I never dealt with EQ bank before. Seems like an online bank. Is it safe? What if the bank goes bankrupt?
See the post above
Member
Jan 17, 2016
416 posts
416 upvotes
Mississauga
gardener28 wrote: Dude, it is very easy to criticize without anything useful, that is one of the reasons people stop posting deals here.
Are you treating yourself like a judge? I say your post is just worthless.

To the minimum, at least post why you thinking that way with some facts, so that it can help people improve in the future.

I just don't get why tangerine 2.5% online saving is a deal, EQ 3 year 3.25% GIC is not.
Thank you for teaching me to be a better dude. I deleted my post.
Deal Addict
User avatar
Dec 8, 2010
2557 posts
983 upvotes
Looks like Oaken is keeping up with EQ, or vice-versa, here.

https://www.oaken.com/gic-rates/

Oaken is better for 2 years, but for 3-4-5 they are tied.

EQ's 15 month is worse than their 1 year.. odd. And 27 month is marginally worse than 2 years.

So basically, for less than 3 years, Oaken is better; above that it doesn't matter.
Sr. Member
Jan 29, 2005
508 posts
156 upvotes
I think their system for purchasing GIC's is down...confirmed by tech chat. Even after being around for a few years, they still seem to have lots of glitches.
Member
User avatar
Mar 21, 2005
431 posts
340 upvotes
GTA
humble_kid wrote: Dumb question: I never dealt with EQ bank before. Seems like an online bank. Is it safe? What if the bank goes bankrupt?
I also don't know anything about EQ Bank and did some research. Found this in wiki:
  • ninth largest independent bank,
  • completely online with no branch location,
  • member of cdic
Member
Apr 16, 2006
254 posts
77 upvotes
How does the EQBank 5 year 3.5% compare to TD 5-Year Stepper GIC?

Edit: nevermind found the answer
Deal Addict
Jan 23, 2006
3082 posts
2384 upvotes
coolnut wrote: I also don't know anything about EQ Bank and did some research. Found this in wiki:
  • ninth largest independent bank,
  • completely online with no branch location,
  • member of cdic
You make investment choices based on wikipedia? :O :p
iamalittlepepper wrote: Non of the Royal Purple is BMW qualified which voids your drivetrain warranty.. especially for those who owns the 3.0L N54 engine
tcjsqls wrote: you have no ideas how a report of stolen credit card (...) affect your credit. Happened twice in your history, that bank won't issue a credit card for you
Deal Addict
Mar 13, 2012
1844 posts
1240 upvotes
Near You
djredhat wrote: You make investment choices based on wikipedia? :O :p
Why not? Wikipedia is the most trusted, accurate resource that anyone can edit!

Obligatory /s, in case anyone missed the sarcasm.
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Nov 18, 2008
9009 posts
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Mont-Royal
djredhat wrote:
You make investment choices based on wikipedia? :O :p
mistytalon wrote: Why not? Wikipedia is the most trusted, accurate resource that anyone can edit!

Obligatory /s, in case anyone missed the sarcasm.
well Wikipedia is much more reliable than a financial adviser who only thinks about himself.

People must be really stupid to require a financial adviser.

that being said, I rarely put in GIC, as calling tangerine consistent will even up a gic , while my savings account allow me to use funds whenever i need

A financial adviser is making money out of ur money, the only difference is they can just lose all your money, they pretty much have 0 risk.
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