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.

  • @[email protected]
    5•1 year ago

    Wealthsimple only started offering that recently. For a long time it was less than EQ. I have used both and no drawbacks to it unless you need support, then wealthsimple is slower.

    • @totallynotarobot
      5•1 year 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.