Oaken Update – May, 2019

Oaken wins again!

 

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

Read these five reasons explaining 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

Heather found savings success by paying herself first.

 

“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

There are still many places you can visit where your Canadian dollar can buy you more.

 

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?

Robo-advisors are growing in use – learn more about the history and how robo-advisors function in this Oaken Blog post.

 

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

Budgeting tips for young adults

 

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

Financial tips for those who have recently moved to Canada.

 

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

Staying active in your retirement years is key to staying healthy.

 

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…

 

This post is intended for informational purposes only. It is not to be considered financial advice. Always do your research before making any investment decisions.

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