FinviloOnline savings: EQ Bank vs Simplii vs Alterna Bank vs CI Direct Investing
Online banks and digital providers often publish higher everyday savings rates than branch banks. Check whether a rate is a promotion and how long it lasts.
| Feature | EQ Bank | Simplii Financial | Alterna Bank |  CI Direct Investing High Interest Savings AccountCI Direct Investing |
|---|---|---|---|---|
| Where available | Not confirmed | Not confirmed | Not confirmed | Not confirmed |
| Savings interest rate | 1.50% | Not confirmed | Not confirmed | Not confirmed |
| Cheque clearing | Not confirmed | Not confirmed | Not available. | Not confirmed |
| Included transactions | Not confirmed | Not confirmed | Unlimited bill payments, transfers, debits and Interac e-Transfers. | Not confirmed |
| Minimum balance | Not confirmed | Not confirmed | None. | No minimum. |
| Monthly account fee | Not confirmed | Not confirmed | CAD 0. | Not confirmed |
| Promotion | Not confirmed | Not confirmed | Not confirmed | Account page states no promotional period. |
| Account fee | Not confirmed | Not confirmed | Not confirmed | Fee-free account. |
| Details | Full profileOfficial provider page | Full profileOfficial provider page | Full profileOfficial provider page | Full profileOfficial provider page |
Our take
Compare the regular rate, not just a promotional rate, and confirm CDIC or provincial deposit insurance coverage for each account.
Rates and fees change. Confirm current terms on the provider's official page before applying. General information, not personalized advice.