Oaken Update
Ever since Oaken first came on the scene, we have won recognition several times in various places for having the best GICs and savings account in Canada. And we’re proud to say that we have recently been recognized once again.
Ratesupermarket.ca, one of Canada’s leading personal finance websites, reviews banking products and credit cards across the country every year to see how they stack up against each other. They release the results in their annual Best of Finance Awards, and we’ve been invited back into the winner’s circle once more for 2019.
Our award this time was for Best Cashable GIC, and was evaluated based on total interest earned over a certain period. But seeing as we consistently offer some of the highest savings rates in Canada, perhaps we shouldn't be too surprised. In fact, we’ve won accolades in their Best of Finance Awards four times over the past five years, among others.
For more information on Ratesupermarket’s Best of Finance Awards, click here. And you can rest assured that we will continue to offer great rates for Canadians who are looking to save for their future, with a secondary aim of winning more recognition again next year.
5 reasons why it's never too late to start saving
If you’re concerned that you’re late to the game when it comes to saving for retirement, be sure to read this feature explaining why it’s never too late to start saving. Read more here.
Heather on financial survival and travel dreams
“Pay yourself first” is a proven strategy for building your savings. In this Saversodes video, Heather explains how she was able to use this approach to get her savings on track. Read more here.
Travel destinations where your loonie goes farther
With the Canadian dollar languishing under 75 US cents, international travel could be more expensive this year. Here are some destinations to consider where your dollar still goes farther. Read more here.
What’s a robo-advisor, and should I have one?
In this post, we looked at the history of robo-advisors and how they function, as well as new emerging competition for robo-advisors. Read more here.
Jesse shares his dad’s budgeting advice
While still a young boy, Jesse’s father helped him understand the importance of budgeting and avoiding debt. Take a look at at Jesse's story, and see tips for how young adults can create their own personalized budget. Read more here.
Financial tips for new Canadians
New to Canada? Check out these tips for establishing your finances, and other things you need to know about the Canadian financial system. Read more here.
Don on staying active in retirement
Retirement is your reward for years of dedicated service. In this Saversodes video, Don discusses the importance of retirement planning, and provides tips on making the most of your free time by staying healthy and active. Read more here.
Further reading
Stimulate your thoughts with this set of interesting items to round out the month of May…
Global News takes a look at how Vancouver real estate prices are sliding, although it’s not yet clear if this is a bubble about to burst.
If you’ve ever wondered what blockchain technology is, this Forbes article gives a clear explanation, as well as outlining why it might be worth looking into as an investment.
Apparently it’s not just what we eat, but how fast we eat, that explains why junk food leads to weight gain, as explored here on Big Think.