EQ and NEO banks??
Jan 3rd 2022, 3:04 pm
#1
Forum Regular
Thread Starter
Joined: Jun 2020
Posts: 116
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.
Jan 3rd 2022, 4:05 pm
#2
Banned
Joined: Apr 2009
Location: SW Ontario
Posts: 19,879
Jan 3rd 2022, 5:35 pm
#3
dah diddly dah
Joined: Jan 2015
Location: White Rock BC
Posts: 125
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.
As a subsidiary of Scotia Bank, I feel they have better credentials than others.
Jan 3rd 2022, 7:42 pm
#4
Just Joined
Joined: Dec 2021
Location: Ontario
Posts: 17
Re: EQ and NEO banks??
Originally Posted by btar
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.
As a subsidiary of Scotia Bank, I feel they have better credentials than others.
Jan 4th 2022, 4:14 am
#5
BE Enthusiast
Joined: Dec 2020
Location: Ontario
Posts: 761
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/
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/
Last edited by Mordko; Jan 4th 2022 at 4:19 am.
