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 high-interest savings accounts in Canada for 2024 Feb 5th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Canada’s best low-interest credit cards 2022 Oct 19th
If you carry a credit balance, or if you expect to take on debt that will take some time to pay off, you might want to consider a low-interest credit card. Whereas most regular credit cards charge around 20% in interest, these cards offer rates that can be half that or less. Some even come with attr.... More »
Busting 7 Myths About Your Credit Score May 15th
Your credit score can affect your ability to get a credit card, personal loan, or low-interest mortgage. Everyone knows you should pay your bills on time to keep your credit score healthy. However, some aspects of credit scores can be confusing. Here, we’re busting seven common myths about your c.... More »
The best student credit cards in Canada for 2023 Oct 12th
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The best student credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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RBC InvestEase Review: Can a Big Bank Robo-Advisor Stack Up to the Competition? Dec 17th
With the surge in popularity of robo-advisor platforms like Wealthsimple in recent years, it was only a matter of time before Canada’s big banks got in on the action. RBC made its foray into Canada’s robo-advisor scene in 2018 when they launched RBC InvestEase. In this RBC InvestEase review, Iâ€.... More »
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…
