EQ Bank Increases Everyday Interest Rate By 25 Basis Points

April 11, 2022 2:23 PM | 1 min read |

EQ Bank, powered by Equitable Group Inc. EQB, is increasing its interest rate by 25 bps to 1.50%, effective Monday, April 11.
This increased rate applies to the EQ Bank Savings Plus Account, RSP, and TFSA Savings Accounts.
"Increasing our interest rate to 1.50%, combined with a growing suite of everyday banking products, means customers can earn more on their money while continuing to make transactions with ease and transparency through a great digital experience," said Mahima Poddar, Group Head of Personal Banking for EQ Bank.
Later this year, EQ Bank plans to launch its own card, making point of sale payments and access to funds more convenient.
Price Action: EQB shares are trading lower by 4.33% at C$63.96 on TSX on the last check Monday.
Photo by Can Pac Swire via Flickr

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