Last edited by BBucKK on Jan 31st, 2023 823 am, edited 15 times in total. . .
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Yesdeposits made under EQ Bank and Equitable Bank are aggregately eligible for CDIC protection up to 100,000, per insured category, per depositor, as outlined in CDICs "Protecting Your Deposits". There is a maximum of 20 GICs per customer, an investment limit of 100,000 and an aggregate GIC. 50 everyday interest rate.
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For example, EQ Banks 1-year GIC rate is 5.
With GICs, you earn guaranteed returns for a specific length of time. 65 for a 3-month GIC and can go up to 4.
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The significance is that your deposits are insured to a maximum of C100,000 for each type of account, be it chequing, savings, or GIC.
A minimum investment of 100 is required to open an account with EQ Bank.
. 50but only people whove opened an EQ Bank Savings Plus. Also, recent GIC boost moved the one year GIC back to 5.
As long as the term is 5 years or less, GICs are covered by the CDIC. . yahoo. . Investec.
50, you earn up to 250x higher than other banks without needing to pay any monthly fees. EQ Bank U.
There is a maximum of 20 GICs per customer, an investment limit of 100,000 and an aggregate GIC.
EQ Bank offers a number of Guaranteed Interest Certificates (GICs) that offer short-, medium-, and long-term options for savings if you arent comfortable with mutual funds.
EQ Bank GICs are offered with various terms, including 3-27 months and 1-10 year terms.