this post was submitted on 23 Oct 2023
12 points (100.0% liked)

Personal Finance Canada

1167 readers
1 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 1 year ago
MODERATORS
[email protected]
12
Is wealthsimple better than EQ bank? (lemmy.pe1uca.dev)
submitted 11 months ago by [email protected] to c/[email protected]
8 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 11 months ago* (last edited 11 months ago)

Depends how much you have with them. >$100k gets priority support I believe.

And I moved away from EQ half because of their plummeting savings rates, and half because of their abysmal support and trash app/website. Even with <$100k, Wealthsimple support is better in my experience.