Update Jun 4th, 2024 - EQ Bank has just launched a Notice Savings account that allows you to earn 4.5% or 5% interest rate with 10-30 days cash withdrawal notice. This is a better account for parking your cash than the current HISA. Sign up here - bit.ly/4aMwBR9
I was offered to open a high interest savings account my local rbc branch @ 5%... I said "HIGH INTEREST"??? So whats my credit card then @ 21%?? I was told " THAT is what we offer" I asked "is anyone that stupid"
I know right! Which is why I always advise to prioritize paying off CC debt first before thinking of saving or investing. 5% is still better than nothing offered by most traditional savings accounts.
Anyone wanting to make money shouldn't be using any banks they do not offer what the web base can offer like WS and EQ . GIC's even at EQ for 1yr is now 5.25%
I agree! I don’t recommend locked in GICs though. If it’s not cashable, 5.25% is not enough to get locked in for a whole year. EQ just introduced the Notice Savings account offering 5% for 30 days notice. I think this is a better choice
Am confused, can I use this high interest savings account for my personal day to day transaction or do I need to open another account for that Do you know of any of these banks that allow children under 13 open account, I have checked neo and EQ Lastly, I cant see your referral code
Hi, you can use the same account for high interest saving for day to day banking. I believe children account has to be opened with a parent or guardian. It's a referral link. - EQ Bank personal - bit.ly/eq-whiz - NEO HISA - api.fintelconnect.com/t/l/65aa85f2dd52aa001bcd97da
Update Jun 4th, 2024 - EQ Bank has just launched a Notice Savings account that allows you to earn 4.5% or 5% interest rate with 10-30 days cash withdrawal notice. This is a better account for parking your cash than the current HISA. Sign up here - bit.ly/4aMwBR9
Fantastic analysis, l enjoyed it
Can u build credit score with those digital bank?
Do you already have a credit history? If you don’t then it may not be the best option for you
Thanks Dear
Thank you so much for this information, just for clarification purposes . The interest rate is it only in a yearly basis?
Yes it is. Most interest rates are per annum
I was offered to open a high interest savings account my local rbc branch @ 5%...
I said "HIGH INTEREST"??? So whats my credit card then @ 21%??
I was told " THAT is what we offer"
I asked "is anyone that stupid"
I know right! Which is why I always advise to prioritize paying off CC debt first before thinking of saving or investing. 5% is still better than nothing offered by most traditional savings accounts.
EQ ? I tried to open an account and I never succeeded, I eventually settled for Wealthsimple
That’s surprising. How did you try? Directly on their website or link in description? Wealthsimple is a good choice too, I love both!
Anyone wanting to make money shouldn't be using any banks they do not offer what the web base can offer like WS and EQ . GIC's even at EQ for 1yr is now 5.25%
I agree! I don’t recommend locked in GICs though. If it’s not cashable, 5.25% is not enough to get locked in for a whole year. EQ just introduced the Notice Savings account offering 5% for 30 days notice. I think this is a better choice
Far enough I had thousands I was “parking” for a year anyways and got locked in at 5.35% on EQ for 1 year. On $50K that’s a good win for 1 year 👍
Can i open a joint account and a business account with this digital banks?
They offer joint accounts but criteria may vary for business accounts
Does neo financial have a checking account besides the high interest savings?
Yes, the account doubles as a chequing and savings account.
@@WhizQueen I’m looking to move away from the big bank do you think a credit union or an online bank like simplii would be good?
Am confused, can I use this high interest savings account for my personal day to day transaction or do I need to open another account for that
Do you know of any of these banks that allow children under 13 open account, I have checked neo and EQ
Lastly, I cant see your referral code
Hi, you can use the same account for high interest saving for day to day banking. I believe children account has to be opened with a parent or guardian. It's a referral link.
- EQ Bank personal - bit.ly/eq-whiz
- NEO HISA - api.fintelconnect.com/t/l/65aa85f2dd52aa001bcd97da
I tried to open a wealth simple investment account but the only ID I have currently is my passport so I am not able to proceed from there.
No drivers license?
@@WhizQueen not yet . Guess I need to get at least my G1 soon to substitute my ID’s
@@WhizQueen not yet guess I need to get at least my G1 soon to substitute my ID’s
Put money in stocks
Good investment 👌🏽
You mean to give my money to American Jews from Wall Street who will naked short it to oblivion and you won’t see your money again ? No thank you 😊
cmon babes, how can you put a loud rock background noise to create chaotic sounds on this information packed video! 😞
Thanks for letting me know. It didn't seem distracting to me but I'll make note for next time🙂
Please oh. The google reviews on EQ bank is so terrible. I have already signed up before reading the reviews. Stupid decision. 😂😂😂
Really? 😳 I have good experience with them. What’s the complaint about though