EQ Bank
Interest Rate
4.25%
Term
5 years
Minimum Deposit
CA$100
Promotion
N/A
Interest Rate:
4.25%
Term:
5 years
Promotion:
N/A
Minimum Deposit:
CA$100
EQ Bank excels with its high rates for longer-term GICs, making it an attractive option for those looking to lock in their savings. The low minimum deposit requirement further enhances its appeal to a broad audience.
Pros:
- High rates for longer terms
- Low minimum deposit
Cons:
- No promotional rates
In conclusion, EQ Bank's competitive 4.25% rate on 5-year GICs and low minimum deposit make it an excellent choice for savers seeking to maximize their returns while enjoying the flexibility of a low entry point. This provider is well-suited for both new investors and those looking to secure their savings over a longer term.