Financial Product Reviews
1Password is a simple and secure service that lets you generate, store, and sync passwords for all of your apps across all of your devices. Initially released in 2006, 1Password has since grown to support millions of users, and has expanded its product to include more tools to help protect users, including security breach alerts, phishing protection, and protection against keylogger software.
- Top of the line privacy and security
- Security breach alerts
- Phishing and keylogger protection
- Automatically scrubs your clipboard
- Available for most operating systems, devices, and browsers
- Free trial is only 14 days
- Top end privacy controls
- Form autofill
- Security breach alerts
- Phishing and keylogger protection
CAA Auto Insurance is one of several products offered by CAA (Canadian Automobile Association), a well-recognized brand in Canada that provides members with automobile, travel, and insurance services. CAA members also enjoy exclusive rewards, perks, and discounts as part of their membership.
- CAA Member discount
- CAA Auto and Home bundle discount
- CAA MyPace for pay-as-you-go coverage
- Electronic proof of auto insurance feature
As one of the biggest banks in Canada, RBC offers travel insurance alongside its large suite of other banking products. With RBC travel insurance, you'll have the option of being covered by all the basics, including travel medical, trip cancellation, and trip interruption – all backed by a big bank you likely already know and trust. Helping take things to the next level are the registered nurses and physicians that are available 24/7 to help you with your needs.
- Includes most main types of travel insurance we track
- Single trip and multi-trip coverage available
- Plans with seniors in mind
- Registered nurses and physicians available 24/7
- Discount if you're travelling in a group of 10 or more
- Not a lot of customization options
- Expensive premiums
- Doesn't offer COVID travel insurance
- Canadian resident (plans available for non-Canadians visiting Canada)
- Covered by your government health insurance plan
- Under 60 and travelling for 183 days or less
- Over 60 and under 75 and travelling for 60 days or less
- 24/7 worldwide emergency travel assistance
- Multilingual assistance
- Registered nurses and consulting physicians available 24/7
The Oaken Savings Account is a high interest savings account from Oaken Financial. Its main draw is its top-notch rate of 2.8%. There’s also no minimum balance needed or monthly fees to save your money in this account.
- Competitive 2.8% interest rate
- No minimum balance or monthly fees
- Available transactions are free
- 2 options for insuring your deposit under CDIC
- No debit card access
- No Interac e-Transfers
- No promotional welcome bonus rate
- No chequing account available at Oaken Financial
- Resident of Canada
- Choose 1 of 2 issuers for CDIC insurance
- Competitive interest rate
The MAXA Financial High Interest Savings Account offers 1.85% interest on every penny you keep in the account, which is much more than the big banks offer. You can access your money with a debit card, which isn't always an option for online banks. And though MAXA is a division of the Westoba Credit Union (based in Manitoba), this savings account is available Canada-wide.
- Older than 18
- Canadian citizen or permanent resident
- Make a one-time purchase of $5 in membership shares
- Deposits 100% guaranteed by Deposit Guarantee Corporation of Manitoba
The Outlook Financial High Interest Savings Account has a competitive interest rate, no monthly fees, and no minimum balance required. Plus, the benefits of working with a credit union can't be ignored.
- The interest rate is top notch
- All deposits are 100% guaranteed
- Dealing with a credit union can be refreshing
- No promotional rates or welcome offers
- Limited to one free transaction per month
- At least 18 years old
- Tesident of Canada
- $5 one-time credit union membership fee
- Competitive interest rate
- Deposits are guaranteed by the Guarantee Corporation of Manitoba
Like most big banks in Canada, TD offers a number of different investment products for its clients, including TD mutual funds. You can invest in TD's mutual funds through their DIY investment platform, TD Direct Investing, or through your TD Wealth financial advisor. With 150 different funds available, you'll be able to tune your investment portfolio to meet your own precise needs.
- Plenty of funds available
- Small minimum investment
- Wide range of account types available
- Portfolio options for even easier investing
- Mutual funds are lower risk and therefore often lower reward
- Professional management means fees
- DIY investing option
- Set up regular contributions to your investment accounts
- TFSA
- RRSP
- Cash
- RESP
- RIF
- Margin
- LIRA
- LIF
- RDSP
- Balanced
- Canadian Equity
- Global Equity
- Fixed Income
- Money Market
- Sector
- US Equity
- Portfolio Solutions
- Conservative
- Balanced Income
- Balanced
- Balanced Growth
- Growth
- Aggressive
Vanguard offers an array of different exchange traded funds (ETFs) for Canadians, including equity, fixed income, and asset allocation products. There are a number of different ETFs in each of these categories. On the other hand, Vanguard prides itself on having lower fees and associated costs than other investments, which may be of interest.
- Different types of ETFs are available
- Available through a number of online brokerages
- Lower associated costs than other ETFs
- No minimum investment amount
- As with all investments, there are risks
- Designed for Canadian residents
- Education and commentary blog
- Fund comparison tool
- Cost simulator tool
- Investor questionnaire
- YouTube channel with investment commentary
- All In One
- Total Market ETFs
- ESG
- 10 years
- 20
- 25
- 30
GoLife offers a digital life insurance experience to make it quick and easy to meet your needs. They claim that in just 20 minutes, you can have your own term life insurance policy ready to go. You'll get a 10, 20, 25, or 30 year term, plus you can customize your premiums.
- Quick and easy online application
- Dedicated advisors available
- Only term and permanent life insurance available
- Very difficult to find info on the website
- Very difficult to find info on the website
- Canadian citizen
- 18 - 65 years old
- Quick, online application
- Dedicated advisors available online and over the phone
- Customizable premiums
- 10 years
- 20
- 25
- 30
Questrade is a discount online brokerage tool that not only offers Canadian traders the ability to embark on DIY investing journeys, but also offers a more laid-back robo advisor option through Questwealth. Whichever option you choose, you can opt to open a Tax-Free Savings Account (TFSA), which lets you grow your money without worrying about taxes.
- Your money grows tax free
- ETFs and stocks are low cost
- Get guaranteed and tax-free return with a TFSA GIC
- Mutual funds available
- Let the pros do the work with Questwealth portfolios
- Get $50 off commission fees OR $10,000 managed free for a year
- No savings account available
- GICs and bonds have high minimum investments of $5,000
- Mutual funds are $9.95 a trade
- Canadian citizen
- Low cost investing
- ETFs are free to buy
 
  









