Financial Product Reviews

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.

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.

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 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.

Like most major Canadian banks, TD offers several different investment products, including mutual funds. You can invest in mutual funds with TD through their DIY investment platform, TD Direct Investing, or through your TD Wealth financial advisor.

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.

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.

If you're looking to finance, refinance, or lease a car, Coast Capital Auto Finance is worth checking out. With flexible, low-interest and competitive car loans, they put money back in your pocket. Plus, as a Certified B Corp, they reinvest 10% of their profits each year back into the communities they work, live and serve in. The best part? You can apply online in as little as 10 minutes.

If you've ever wanted to get into the world of cryptocurrency trading but weren't quite sure where to start, Wealthsimple Crypto is designed for you. Wealthsimple Crypto supports 140+ cryptocurrencies – including Bitcoin, Ethereum and Solana. And while they charge higher transaction fees than other exchanges, the simplicity of Wealthsimple Crypto might be worth it.

With high transaction fees and zero interest on balances under $10,000, the TD ePremium Savings Account is pretty lacklustre. Its main draw is that it's with one of the biggest and most reliable banks in Canada.