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EQ and NEO banks??

EQ and NEO banks??

Old Jan 3rd 2022, 3:04 am
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Default 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.
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Old Jan 3rd 2022, 4:05 am
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Default Re: EQ and NEO banks??

https://britishexpats.com/wiki/Banking-Canada
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Old Jan 3rd 2022, 5:35 am
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Default 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.
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Old Jan 3rd 2022, 7:42 am
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Default 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.
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.

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Old Jan 3rd 2022, 4:14 pm
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Default 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/

Last edited by Mordko; Jan 3rd 2022 at 4:19 pm.
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Old Jan 4th 2022, 9:08 am
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Default Re: EQ and NEO banks??

Ive used EQ bank scraping by for extra percentage pts on savings. No complaints using them
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Old Jan 4th 2022, 9:08 pm
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Default Re: EQ and NEO banks??

Thanks for the replies, I think we've decided on EQ bank
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