Nehpets said

Which is why CDIC was created!  

Actually, I do not believe that CDIC was created for an institution like WealthOne.

But we are All aware of the CDIC coverage.

Dean

Dean said
.
Great Rates ⬆️ ... coupled with continued Lousy/Unprofitable performance.

All while the impending Implosion gets Closer❗

Dean  

Which is why CDIC was created!

All while the impending Implosion gets Closer❗

Dean

Alexandre said

Deposits in Wealth One Bank of Canada are CDIC insured, so I am not sure why would it matter for an account holder if that bank is profitable or not.  

But that CDIC Insurance maxes out at at measly $100K (almost Chicken Feed these days).

And why wouldn't someone be Extremely Wary when considering dealing with an FI that after 10 Years, it 'Still' can't make a profit ... or even break even ⁉️

Too many people are being blinded by W1BoC's high rates. I'd give it another 2-3 years, and then it's all going to Implode❗

Dean

Lamaison said
I got the same email this morning. 3.00% on HISA regardless of the balance.  

The email refers to TFSA at 3.0% but if scroll down says on HISA also. However on website need $25000 plus for 3.0% on HISA

Peter said

If you scroll down at https://www.wealthonebankofcan.....gs+account you'll find a section "Registered High Interest Savings Accounts." where is shows 3.00% for the RRSP and TFSA.  

And all I had to do was Scroll Down ... My Bad
.

canadian.100 said
Wonder if WOB has improved its financial situation - it had never turned a profit in the statements that were on the OSFI site - but since it became a private bank, the financial statements are not available. Would be interesting to know if they have turned the corner and are profitable.  

Until then ... Beware of W1BoC‼️

Dean

Dean

As of October 2, 2026, your WealthONE TFSA High Interest Savings Account will earn:

3.00% annual interest from the first dollar deposited
No minimum balance requirement
No monthly fees
No lock-in period
Continued access to your funds whenever you need them

I had just purchased a few GIC's from them 3,4 & 5 yr terms two days before their rate change. I called them yesterday to ask if they would cancel all three and give me the new rates. They got back to me within a couple of hours and they changed all GIC's to the new rate. Of course lost out on the two days interest.

Still haven't heard back from Oaken about adjusting to the new rate. They probably won't considering all I have heard on the topic here.