 Hello everyone, this is financial author Ahmed Dunn of Elan Journal. On this each YouTube channel, you'll find financial, travel and more videos just like the one you're watching right now. If you like what you see, consider subscribing and give it a thumbs up. Fintech EQ Bank High Interest Savings Account in Canada Fintech Financial Institutions use technology to offer financial services that keep costs lower and it's no wonder internet only operators like EQ Bank can offer to pay high interest savings account which is higher than other banks. The EQ Bank High Interest Savings Account just works like your regular checking account that can do all the necessary jobs of a checking account but it gives you high interest on your deposits plus additional features for free. Let's look at some of the features you can get from EQ Bank for free. High interest which is currently at 2% no fees whatsoever, no minimum balance required, unlimited transactions, 5 free interact e-transfer every month, need smartphone app. A recent survey by CBC or Canadian Bankers Association shows that only 30% of Canadians are using branches as their main banking method and 55% are doing the majority of the banking online. Fintech Financial Services such as Borrowell, Mogo, EQ Bank and so on are putting a dent in traditional banking services and all big banks are keeping a close eye on the market. Instead of just researching and collecting data, some big banks have already refused to sit idly doing nothing and started taking action. For example, TD started a partnership with Moven for mobile money management tools and CIBC started a partnership with Borrowell to deliver digital borrowing experience. Other big banks are also working on similar projects. As the internet and technology are making lives easier with lowering costs, you'll see more and more Uber-like entrants in the financial sector. Disrupting big banks the way they provide services and collect fees. Consumers are on a solid path to benefit from these disruptions. That's all for today. Thank you.