Business
EQ Bank launches Canada's first fully digital, no-fee FHSA Savings Account
EQ Bank launches Canada's first fully digital, no-fee FHSA Savings Account Canada NewsW...
About this update from Eqb Inc
[{"type":"text","content":"\n \n \n \n EQ Bank launches Canada's first fully digital, no-fee FHSA Savings Account\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnpl8{\nPADDING-LEFT:0.67em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 19, 2023\n \n \n /CNW/ - EQ Bank announces the launch of\n \n Canada's\n \n first fully digital, no-fee FHSA Savings Account with the best interest rate in\n \n Canada\n \n at 3.00%\n \n 1\n \n . Through EQ Bank's FHSA, prospective first-time homebuyers can also purchase GICs with current returns of up to 5.50%\n \n 2\n \n and a wide range of term options, offering an attractive guaranteed way to earn more while saving for a tax-free down payment on a qualifying home.\n \n \n \n \n \n \n \n \n \n \"True to our 'less take, more make' brand promise, we believe we've launched the best FHSA product in the market,\" said\n \n Mahima Poddar\n \n , Group Head, Personal Banking. \"We've always challenged the status quo in Canadian banking and we wanted to do it again with our FHSA—with flexible no-fee savings options, industry-leading rates, and an easy digital experience, all of which allow Canadians to reach home ownership faster.\"\n \n \n The EQ Bank FHSA is the perfect solution for anyone who plans to buy their first home, regardless of how far away those plans might be. With tax-deductible contributions of up to\n \n $40,000\n \n and the ability to withdraw ...