British Expats

British Expats (https://britishexpats.com/forum/)
-   Canada (https://britishexpats.com/forum/canada-56/)
-   -   EQ and NEO banks?? (https://britishexpats.com/forum/canada-56/eq-neo-banks-942177/)

Sunnybrae Jan 3rd 2022 3:04 pm

EQ and NEO banks??
 
Has anyone got anything good or bad to say about these online banks? They're both offering around 1.25-1.35% interest at the moment so whilst my partner is at her parents in BC for a couple more weeks, we're thinking about opening up an account with them as RBC are paying nought point nothing at the moment on her canadian savings. Thanks.

Siouxie Jan 3rd 2022 4:05 pm

Re: EQ and NEO banks??
 
https://britishexpats.com/wiki/Banking-Canada

btar Jan 3rd 2022 5:35 pm

Re: EQ and NEO banks??
 
In my limited experience, I've found Tangerine very good to deal with and currently offering 2.25% - for a limited time of course. https://www.tangerine.ca/en/landing-page/earnmore
As a subsidiary of Scotia Bank, I feel they have better credentials than others.

Kryten Jan 3rd 2022 7:42 pm

Re: EQ and NEO banks??
 

Originally Posted by btar (Post 13085939)
In my limited experience, I've found Tangerine very good to deal with and currently offering 2.25% - for a limited time of course. www.tangerine.ca/en/landing-page/earnmore
As a subsidiary of Scotia Bank, I feel they have better credentials than others.

I would concur about Tangerine. I moved all my accounts from TD last year and saved a lot on monthly fees. The only thing about Tangerine compared to TD is that I find their web banking and smart app much slower than TD.


Mordko Jan 4th 2022 4:14 am

Re: EQ and NEO banks??
 
EQ is very good. It offers a consistently high rate (compared to others). Very efficient. And they are teamed up with Wise for international transfers.

Tang HISA has a weird and irritating approach of sending promotional offers to selected few people every few months. Tang pays close to naught to anyone without a promotional deal. And the offer only impacts “new money”.

I wouldn’t exceed the $100K CDIC coverage per account with either Tang or EQ.

Neo is a new digital Fintech. Too new for my taste. RF thread on Neo: https://forums.redflagdeals.com/neo-...erest-2419766/

Here is the overall chart for HISAs: https://www.highinterestsavings.ca/chart/

ChrisBan Jan 4th 2022 9:08 pm

Re: EQ and NEO banks??
 
Ive used EQ bank scraping by for extra percentage pts on savings. No complaints using them

Sunnybrae Jan 5th 2022 9:08 am

Re: EQ and NEO banks??
 
Thanks for the replies, I think we've decided on EQ bank :)


All times are GMT. The time now is 12:50 pm.

Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.