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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Outlook Financial Review: Canadian Online Banking Made In Manitoba
– canadianfinanceblog.com
There are several online banks owned by credit unions in Canada. Outlook Financial is one of them. A division of Winnipeg-based Assiniboine Credit Union, Outlook offers banking products and services to customers across Canada. In this Outlook Financial review, I’ll let you know what they have to offer, how their rates and fees compare to other online banks, and how you can open an account.Outlook Financial Products
Most digital banks have a limited product offering, and Outlook Financial is no different. They don’t offer lending products like credit cards, loans, or mortgages, nor can you buy market investments, like mutual funds or ETFs. Here is a list of the available products:
Outlook Financial High-Interest Savings Account
Guaranteed Investment Certificates (GICs)
Tax-Free Savings Account (TFSA)
Registered Retirement Savings Plan (RRSP)
Registered Retirement Income Fund (RRIF)
Outlook Financial Savings Account
Outlook’s primary account is a high-interest bank account, which can be non-registered or registered…
