this post was submitted on 23 Oct 2023
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Is wealthsimple better than EQ bank? (lemmy.pe1uca.dev)
submitted 1 year ago by [email protected] to c/personalfinancecanada
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I've seen a lot of people mentioning EQ bank to have the emergency save since it offers 2.5% interest.

Just recently knew about wealthsimple with 4% https://www.wealthsimple.com/en-ca/spend

So I'm wondering if you guys know any drawback on saving in wealthsimple instead of EQ.

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[–] Inky 1 points 1 year ago

EQ bank offers GICs at competitive rates.