The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The best TD credit cards in Canada in 2025 Apr 5th
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over .... More »
Making sense of the markets this week: March 19, 2023 Mar 17th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Why are banks suddenly folding?
The big news of the week was, of course, that the 12th biggest bank in the U.S.A.—Silicon Valley .... More »
Best online banks and credit unions in Canada for 2024 Mar 20th
Where can you get the best digital banking experience in Canada? We set out to find out in this inaugural review of the best online banks and credit unions in Canada. To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing in fin.... More »
The best GIC rates in Canada for 2024 Jun 28th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The best high-interest savings accounts in Canada for 2026 + MORE Mar 23rd
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Oaken Financial Review: High Interest Savings With No Gimmicks
– canadianfinanceblog.com
Recently, I wrote an article comparing the top high-interest savings accounts in Canada. It perhaps should come as no surprise that the vast majority of the accounts that made the cut were online bank offerings, from the likes of Tangerine, EQ, and Simplii. Free from the high overhead of traditional brick and mortar financial institutions, online banks are able to entice Canadians with lower fees and higher savings interest.
Oaken Financial was not included in my review, but they are a worthy competitor in the online banking space, specifically for their high-interest savings and GIC account offering. In the near future, I will make a point to update the other article to include Oaken, but for the time being, I’ve put together this full review. Enjoy!
Introducing Oaken Financial
Oaken Financial is a fully digital bank. While they do have a handful of offices in major cities, their services are designed to be delivered online. Oaken was founded in 2013 and is backed by Home Bank, which is a subsidiary of Home Trust Company…
Oaken Financial was not included in my review, but they are a worthy competitor in the online banking space, specifically for their high-interest savings and GIC account offering. In the near future, I will make a point to update the other article to include Oaken, but for the time being, I’ve put together this full review. Enjoy!
Introducing Oaken Financial
Oaken Financial is a fully digital bank. While they do have a handful of offices in major cities, their services are designed to be delivered online. Oaken was founded in 2013 and is backed by Home Bank, which is a subsidiary of Home Trust Company…
