EQ Bank - Full Review 2025 - The Best Savings Plus Account Ever - Less Than 1 Minute To Sign Up

EQ Bank has been getting a lot of hype lately and its no wonder! It had a REAL high interest rate of 2.45% and one of the best user interfaces to date. Make sure to watch the video in full to understand how to get the BEST interest rates.

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📈 Latest Bank with Highest Savings Interest Rates: https://www.highinterestsavings.ca/chart/
🏦 EQ Bank Sign Up Here: https://www.eqbank.ca/

EQ bank is an amazing online only bank account for savings and investment purposes.
Its not like a traditional bank where you have checking accounts, credit cards, branches, ATMs and physical debit cards, but rather a "set it and forget" savings bank account (along with joint accounts, registered accounts, GICs and international money transfer).

The cool thing is you can also deposit funds into it (direct deposit), cash cheques (mobile only), e-transfer, unlimited transactions and pay bills all for free so its not like a typical savings account either, which are usually limited to 1 transaction a month.

Now why is it so awesome?

Because it is really easy to open up an account and quick too (seconds to minutes). The website is very easy to use and understand. And it provides VERY competitive rates.

BTW: Its a REAL bank, they are CDIC insured just like any other legitimate bank, they have technically been around since the 1970s as "Equitable Bank" and they are on the Toronto Stock Exchange with ticker "EQB".

So its 100% legitimate.

Thus, if you're looking to open up an account like literally right now and start build your savings, take advantage of high interest rates and and compound your money then EQ bank is definitely your choice.

And unlike other banks that state they are "high interest", EQ actually is, with a current interest rate of 1.25%. No false advertising here.

**Please note** - There are other banks that are currently offering higher rates such as Canadian Tire Bank which provides both TFSA and high interest savings account with an interest rate of 1.55%, but they take around 10-30 days to open an account.

Neo Financial which only offers high interest savings account but no TFSA with an interest rate of 1.55%, however just like EQ bank they are very easy and quick to open account and also provide a nice user interface too, however it is mobile only!

And if you're in Quebec then Accelerate Financial is your best bet, which offers both TFSA and High interest savings account with an interest rate of 1.20%. Unfortunately Quebec-ers cannot open a Canadian Tire Bank or Neo Financial account. Hopefully in the future? 🤞

Remember use https://www.highinterestsavings.ca/chart/ to find the latest high interest rates!
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*Some of the links and other products that appear on this video are from companies which Mike Gap will earn an affiliate commission or referral bonus. Mike Gap is part of an affiliate network and receives compensation for sending traffic to partner sites. Some of the offers mentioned may no longer be available.

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