Equitable Bank launches high-interest savings account

Equitable Bank, a wholly owned subsidiary of Equitable Group, has added a high-interest savings account to its product suite.

The new account offers 1.50% per annum, and its rate is calculated daily and paid monthly. It charges no fees and is CDIC-eligible. Also, the account requires a $500 minimum investment and maximum investment of up to $2.5 million.

Investment rates for the account can be viewed here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.