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Saven Financial
August 4, 2022
6:20 am
dollarbill
London, ON.
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December 25, 2020
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Just wondering if you are happy with Saven.
I'm looking for a higher HISA rate.

August 4, 2022
11:28 am
Nehpets
Ontario
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dollarbill said
Just wondering if you are happy with Saven.
I'm looking for a higher HISA rate.  

I've chosen to avoid Saven for now, mainly because they do not offer joint accounts, but also because they lag in crediting incoming electronic fund transfer deposits (pulls) for several days.

When calling Saven, I was not impressed by their CSR's either, which I found to be similar attitude when calling First Ontario, the parent of Saven.

If you can overcome the obstacles at Meridian, their current promo for six months might be an option, or DUCA, that I like as well. Some people like Simplii, as they have a promo now, if you don't mind their complicated and arduous intake process.

Also Motive might be worth considering, and in every case, you might also open a concurrent checking account, that can be useful in overcoming each FI's idiosyncrasies for moving funds out.

Stephen

August 4, 2022
1:51 pm
Norman1
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April 6, 2013
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Motive's Savvy Savings Account is worth considering. It is paying 3% while Saven's HISA is paying 2.85%.

August 4, 2022
7:11 pm
KamWest
Toronto
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Norman1 said
Motive's Savvy Savings Account is worth considering. It is paying 3% while Saven's HISA is paying 2.85%.  

I have accounts at both institutions and saven was easier to set up with motive being more manual.

Once set up motive is pretty flawless but saven has a very glitchy app.

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