What's the difference between EQ Bank and Tangerine?

EQ Bank focuses on savings with high rates, while Tangerine offers a full range of products, including checking accounts, credit cards, investments and mortgages.

Which online bank offers the best savings rate?

EQ Bank stands out for its high interest rates on savings accounts and GICs. However, Tangerine stands out for its regular promotional offers on interest rates.

Can I use an ATM with EQ Bank?

Yes. You can withdraw your money at any ATM in Canada, and EQ Bank will reimburse your fees.

Yes. Tangerine is a subsidiary of Scotiabank and a member of CDIC, as is EQ Bank.

Can I have an account at both banks?

Yes. For example, you can save at EQ Bank and use Tangerine for your daily transactions and for their credit cards.

Vincent Morin

Vincent achieved financial independence and took early retirement (FIRE) at the age of 35. After a career in financial technology with a major American investment bank, he founded Retraite101, a personal finance website that reaches over 350,000 unique visitors annually and has more than 40,000 social media followers. Passionate about finance, reading, cycling, hiking, and travel, he continues to write for several Quebec media outlets to inspire and motivate those who want to take control of their finances.

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