Expired Hot Deals

[Equitable Bank] EQ Bank 3 Month 2.45% GIC

  • Last Updated:
  • Apr 17th, 2020 9:35 am
[OP]
Sr. Member
Mar 14, 2014
515 posts
639 upvotes

[Equitable Bank] EQ Bank 3 Month 2.45% GIC

Deal Link:
Expiry:
April 17, 2020
Retailer:
Equitable Bank
More offers from Equitable Bank
For those that want to park funds for a few months and allow events to unfold this offer may appeal to some. My previous experience with an EQ 3 month GIC was positive, however it was 3.3%; how times have changed.
Last edited by flyjazz on Apr 21st, 2020 11:23 am, edited 3 times in total.
52 replies
Member
Aug 29, 2010
302 posts
253 upvotes
This is good deal considering current interest rate but with stock market so volatile, unless you really need 0% risk, I'd rather not lock up any funds and miss opportunity if it does come..
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Apr 2, 2010
2024 posts
1481 upvotes
GTA
chinook79 wrote: This is good deal considering current interest rate but with stock market so volatile, unless you really need 0% risk, I'd rather not lock up any funds and miss opportunity if it does come..
A good redeemable option (now at a lower rate) is Huberts 1yr GIC:
https://www.happysavings.ca/products/te ... ear-terms/
https://forums.redflagdeals.com/hubert- ... #p31971809
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Sep 7, 2004
5428 posts
1839 upvotes
GTEH!
Good rate for short term. Especially in these current roller coaster Financial Markets
😎
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Aug 27, 2014
5804 posts
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Canuckland
Remember that these are unregistered accounts
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Jan 2, 2012
3352 posts
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KINGSTON,ON
DealCanuck wrote: Remember that these are unregistered accounts
Good to know. I've got a Tangerine GIC maturing shortly and was considering EQ
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Apr 17, 2005
4641 posts
1335 upvotes
Kitchener
Ouch. The regular saving rate was 2.45% before the craziness iirc. Now the regular saving account dropped to 2.00%.

Motive is 2.20 and b2b is 2.25... Maybe I should look into switching.
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Deal Fanatic
Oct 7, 2007
7464 posts
3575 upvotes
This seems much better because the sacrifice is the same but you get the guarantee of certain rates over a one year period. You can always redeem with more flexibility during that one year period.
Deal Addict
Sep 3, 2005
1853 posts
400 upvotes
Toronto
How you guys think about Tangerine's 270 days GIC for 2.1%? I mean it's a bit lower rate, but Tangerine is owned by Scotia so it's more secured, no?
Deal Addict
Sep 3, 2005
1853 posts
400 upvotes
Toronto
theflyingsquirrel wrote: I think you put your money in most stock after a few months, you are going to have some habdomse return.
did you buy any stock recently?
Deal Addict
Oct 13, 2006
2162 posts
673 upvotes
Burnaby
spy cl wrote: How you guys think about Tangerine's 270 days GIC for 2.1%? I mean it's a bit lower rate, but Tangerine is owned by Scotia so it's more secured, no?
You're covered by CDIC unless you're going above the CDIC limit, but there may lie better opportunities in the equities market in the coming weeks or months ahead.
Deal Addict
Oct 13, 2006
2162 posts
673 upvotes
Burnaby
Basically, for some this gets you an extra month and a half if you have cash in a HISA at simplii (2.8%) or tangerine (2.5%) so long as you can transfer in money to EQ before they change the GIC offer.

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