Log In
Register
Topic RSS
Facebook
Twitter
Email this7:54 am
December 20, 2016
Offline
The CEO of Haventree Bank was on Bloomberg this morning announcing their plan to open an online bank in Canada. No specific details were disclosed, except that their platform is supposed to be "user friendly" and "fast" and that deposits would be CDIC insured.
Haventree has been a GIC provider through brokers with rates that have been attractive and competitive with the better providers in recent years.
Anyone have more details about their plans?
Stephen
8:11 am
January 12, 2019
Offline
.
An Interesting development❗
Their website, as of today . . .
Dean
" Live Long, Healthy ... And Prosper! "
10:05 am
September 24, 2019
Offline
Dean said
.
An Interesting development❗Their website, as of today . . .
Link ➡️ https://www.haventreebank.com/en-CADean
Hi Dean,
Clicking on that link I see they are offering 4% on a two year GIC.
I've had GIC's with them before through GIC Direct.
12:42 pm
March 3, 2022
Offline
Sigh. Another Flinkie.
1:51 pm
September 30, 2017
Offline
@Stephen, not a plan to be implemented. It is happening today. I also had GIC with them thru GICwealth.
Starting today, Canadians can open an Everyday Growth Account with a 2.50% interest rate, with no monthly fees or minimum balance required. The Everyday Growth Account is a hybrid chequing and savings account where every dollar earns interest from day one, with multi-account functionality for up to eight accounts. It also includes bill payments, Interac e-Transfers®, direct deposits, EFTs, and joint accounts all in one place.
With these features, EQ should be nervous.
2:14 pm
January 12, 2019
Offline
iotama said
Sigh. Another Flinkie.
Many of us have shared your concerns about using Flinks, but it has almost become an industry standard now.
And to my knowledge, there have been no instances so far where things have gone Sideways (please correct me if I'm wrong).
Do what most of the rest of us do . . . set up the external link using Flinks, and then change your password.
- Dean
" Live Long, Healthy ... And Prosper! "
2:20 pm
January 12, 2019
Offline
.
Given all the above, I'm guessing Peter may soon be adding Haventree
to his charts!
- Dean
" Live Long, Healthy ... And Prosper! "
4:00 pm
September 7, 2018
Offline
I was curious to see if I could find any financial information (Balance Sheet/Income Statement) available for Haventree, but since they are privately held, there is no requirement to disclose.
5:33 pm
November 8, 2021
Offline
QC residents: Be a Canadian resident with a valid SIN (Quebec residents: we're launching soon)
8:04 pm
September 15, 2017
Offline
canadian.100 said
I was curious to see if I could find any financial information (Balance Sheet/Income Statement) available for Haventree, but since they are privately held, there is no requirement to disclose.
Haventree Bank was ranked 20th in 2024 for total assets among Canadian banks. It was established in 1990 as Equity Financial Trust and changed names in 2018.
3:41 am
October 2, 2025
Offline
Attractive Saving Account rates at 2.5%. Somewhere to park the money when Tangerine/Simplii has no lottery rates.
FAQ:
The Everyday Growth account combines the flexibility of a traditional chequing account with the added bonus of earning interest on your balance.
Nice, this Saving Account has cheques. I'm not restricted to linked accounts when withdrawing funds.
Does it has a Debit card?
Transfer money with ease.
Transfer money between Canadian financial institutions for funding, larger transfers, and cash flow management.
Up to $100,000 per transfer
Takes up to 5 business days
Is this the transfer through the linked accounts? Does other banks takes 5-days to transfer?
7:26 am
December 20, 2016
Offline
pentel said
Attractive Saving Account rates at 2.5%.......
I'd like to think Haventree would be in the ballgame, but with alternatives like Oaken, Wealth One and Saven, with better HISA rates, Haventree is clearly not competitive, except , perhaps, as a last resort after all other options are exhausted.
Stephen
9:31 am
October 2, 2025
Offline
Nehpets said
pentel said
Attractive Saving Account rates at 2.5%.......
I'd like to think Haventree would be in the ballgame, but with alternatives like Oaken, Wealth One and Saven, with better HISA rates, Haventree is clearly not competitive, except , perhaps, as a last resort after all other options are exhausted.
Stephen
Agree, 2.5% is not the best when compared to Oaken, Wealth One and Saven (top rate 2.85%) but 2.5% will put Haventree on the top 5 list on the HISA chart, that will make Haventree an attractive option where another $100K CDIC protection is needed.
Haventree's GIC rate is great too:
2 year GIC:
Haventree 4%
Saven 3.85%
Oaken 3.65%
12:06 pm
January 9, 2011
Offline
Very interesting for the reasons pentel said. Their FAQ is pretty comprehensive and GICs purchased from a joint savings account automatically are in joint names (EQ, will you ever listen?). Also a 1 year GIC has highly competitive rates too.
The only exception in the FAQ is the EFT limit, for which they suddenly become completely vague. If anyone finds out what the daily limit is, does it vary and if so, why, AND most important how much time does an outgoing EFT take to arrive, please post here. I'm sure these are things we all want to know.
My memory's not as sharp as it used to be. Also, my memory's not as
sharp as it used to be.
2:27 pm
October 2, 2025
Offline
dougjp said
Very interesting for the reasons pentel said. Their FAQ is pretty comprehensive and GICs purchased from a joint savings account automatically are in joint names (EQ, will you ever listen?). Also a 1 year GIC has highly competitive rates too.The only exception in the FAQ is the EFT limit, for which they suddenly become completely vague. If anyone finds out what the daily limit is, does it vary and if so, why, AND most important how much time does an outgoing EFT take to arrive, please post here. I'm sure these are things we all want to know.
https://www.haventreebank.com/.....th-account
That is the question I have too, if we are referring to the same thing. Haventree's webpage (above link) said something like:
Transfer money with ease.
Transfer money between Canadian financial institutions for funding, larger transfers, and cash flow management.
Up to $100,000 per transfer
Takes up to 5 business days
$100,000 per transfer is a bit troublesome when transferring multiples of $100,000. Is 5 days to transfer common?
Other questions (questions in general, not asking for chequing or debit cards in particular):
- does the savings accounts have cheques?
- does the savings accounts have a debit card?
2:42 pm
January 9, 2011
Offline
pentel said
https://www.haventreebank.com/.....th-accountThat is the question I have too, if we are referring to the same thing. Haventree's webpage (above link) said something like:
Transfer money with ease.
Transfer money between Canadian financial institutions for funding, larger transfers, and cash flow management.
Up to $100,000 per transfer
Takes up to 5 business days$100,000 per transfer is a bit troublesome when transferring multiples of $100,000. Is 5 days to transfer common?
Other questions (questions in general, not asking for chequing or debit cards in particular):
- does the savings accounts have cheques?
- does the savings accounts have a debit card?
Thanks, we were looking at different things and your info answered it. In other words, they clarified it in another place. Its more than many banks allow (eg: Tangerine is $ 25k). I was referring to "Money Transfer" in the FAQ, - "Is there a limit on EFT" - " Yes. Limits apply to EFT transactions. To see your current transfer limits, log in to your account and go to settings."
My memory's not as sharp as it used to be. Also, my memory's not as
sharp as it used to be.
5:28 pm
December 20, 2016
Offline
pentel said
Agree, 2.5% is not the best when compared to Oaken, Wealth One and Saven (top rate 2.85%) but 2.5% will put Haventree on the top 5 list on the HISA chart, that will make Haventree an attractive option where another $100K CDIC protection is needed.Haventree's GIC rate is great too
Points well taken!
Also, when maintaining CDIC limits, Oaken has $100,000 (Home Trust) AND $100,000 (Home Bank) at their current 2.85%.
I hope Haventree clarifies the various points raised and can become a contender for HISA's, as we need to replace some of the FI's we've lost in recent years due to mergers and acquisitions.
No doubt their GIC rates are their icing on the cake!
As they seem to be eager to make themselves known to savers and investors, wouldn't it be fortuitous if, say, Peter were to reach out to them and invite one of their execs to share their thoughts and clarify questions here on the Forum!
Wishful thinking??
Stephen
