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EQ Bank Notice Savings Account Overview - A New High Interest Account?

We've been using the EQ Bank Personal Account for the past 4.5 years, and today we're working with EQ Bank to share the new EQ Bank Notice Savings Account with you. We'll cover everything you need to know about the Notice Savings Account, including how it differs from high interest savings accounts, and when you might consider using one. If you have any questions, ask below! If you want to open an EQ Bank Notice Savings Account, check it out here - https://www.eqbank.ca/personal-bankin... 0:00 New EQ Bank Notice Savings Account 1:26 What Is A ‘Notice Savings Account’? 2:58 How Does ‘Notice’ Work? 4:51 Is The Notice Savings Account CDIC Insured? 5:35 When Would You Use A Notice Savings Account? 7:55 Notice Savings Account vs HISAs vs GICs EQ Bank Disclaimers ➡️ *Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice. ➡️ *Based on research conducted by Equitable Bank comparing base interest rates of savings accounts offered by Canada’s ‘Big 5’ banks, Tangerine Bank, and Simplii Financial as at June 13, 2024, and the EQ Bank Notice Savings Account at 5.00% interest per annum. Promotions and rate premiums are excluded. The EQ Bank Notice Savings Account at 5.00% interest requires 30 days advance notice. #ad Thank you to EQ Bank for working with us on this video! ➡️ EQ Bank - Our High Interest Savings Account - https://click.linksynergy.com/fs-bin/... ➡️ Simplii Financial - Our No Fee Chequing Account (up to $400 bonus) - https://api.fintelconnect.com/t/l/65a... ➡️ Wealthsimple Invest - Our Robo-Advisor Investment Platform ($50 bonus) - https://wealthsimple.sjv.io/vnkndW ➡️ Wealthsimple Trade - Our Favourite Stock Trading Platform ($25 bonus) - https://wealthsimple.sjv.io/yRARNB ➡️ American Express Cobalt - Our Travel Rewards Credit Card (up to 22,000 points) - https://www.americanexpress.com/en-ca... ➡️ Neo Financial - Our Cash Back Credit Card - https://neo.cc/refer/N8U6K3S9 ➡️ Questrade - Low Fee Investment Platform Canada ($50 in commission free trades) - https://questrade.sjv.io/AWa9jo ➡️ Borrowell - Free Credit Score Check - https://api.fintelconnect.com/t/l/612... The links above are affiliate and/or referral links that provide us compensation when you use them to sign up. Thank you for supporting our channel! Website - stephandden.com Instagram - @stephandden TikTok - @stephandden ➡️ YouTube Filming Equipment - https://amzn.to/3HrWA4i ➡️ YouTube Editing Equipment - https://amzn.to/3RXBsri The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases. Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.