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Hubert Financial online banking review

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Earn a decent interest rate on a number of different investments with this reputable online bank. 

Hubert is a reputable online banking provider in Canada that offers a number of high-interest savings products. These include Canadian- and US-dollar savings accounts, RRSPs, TFSAs and a suite of registered and non-registered term deposits. You can open an account in a matter of minutes, and you won't need a minimum balance to get started. Find out more about the products and services that Hubert Financial offers, and sign up to start saving today.

Hubert Financial offers a couple of different savings accounts as well as a suite of term deposits. All of these investments can be held as cash accounts or as registered tax-free savings accounts (TFSAs) or registered retirement savings plans (RRSPs).

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What is Hubert Financial?

Hubert Financial is a well-known digital bank that was launched by Sunova Credit Union (which is one of the top 100 credit unions in Canada). You’ll need to buy a $5 share to join the credit union, which will be reimbursed to you if you close your account.

Hubert Financial runs as a separate business, so you won’t be able to use Sunova Credit Union branches to do your banking. That said, your deposits will be held with Sunova so you know that your money will be protected by the type of security measures you would expect to see at any large Canadian bank.

How does Hubert Financial work?

Hubert Financial operates similarly to any bank or credit union in Canada. The only difference is that it carries out all of its business online, which means you have to be a bit tech-savvy to use its services. It also won’t be the best service for you if you like to do your banking in-person at a branch.

The main benefit of banking with a digital bank like Hubert Financial is that it doesn’t have to pay overhead or personnel costs. This means it can pass the money it saves onto its customers in the form of zero fees and a higher return on interest.

What financial products does Hubert Financial offer?

Hubert Financial offers a couple of different savings accounts as well as a suite of term deposits. All of these investments can be held as cash accounts or as registered tax-free savings accounts (TFSAs) or registered retirement savings plans (RRSPs).

Hubert savings accounts

Hubert offers two types of savings accounts with different interest rates. Both accounts come with no monthly fees and are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.

  • Happy Savings Account. This account offers a fixed interest rate, which it calculates daily and pays out monthly. You won’t have to pay any fees for deposits, transfers or withdrawals, and you can convert your account to an RRSP or TFSA if you don’t want to pay taxes on the interest you make.
  • US-dollar savings account. You’ll get a fixed interest rate with this account on any US dollars you hold. Just be aware that you’ll have to pay a conversion fee if you withdraw your funds in Canadian dollars.

Term deposits

Term deposits come with interest rates as high as 4.7% for a 5-year term, which is around the industry average. You can lock your money into a term deposit or GIC ranging from 1 to 5 years and you’ll need to deposit at least $1,000 to get started. These accounts can also be held as registered accounts such as RRSPs and TFSAs.

Length of term

Term deposit rates (as of March 20, 2023)

1 year quarterly term


2 year


3 year


4 year


5 year


*These rates are subject to change – you can find Hubert’s current term deposit rates on its website.

Is Hubert Financial safe?

Hubert Financial is as safe as any other bank since it’s backed by the power of Sunova Credit Union. This is a reputable credit union that’s ranked among the top 100 in Canada. It’s also insured by the Deposit Guarantee Corporation of Manitoba.

This means it’s well-versed in protecting its customers’ personal and financial information at all times. It also means that any money you put into your account will be protected without limit in the unlikely event that Hubert Financial (or Sunova) becomes insolvent.

Pros and cons


  • Easy application. You can apply online in a matter of minutes using Hubert Financial’s easy online application.
  • No monthly fees. You won’t have to pay any fees on Hubert’s accounts or term deposits (and you won’t pay for deposits, transfers or withdrawals).
  • Competitive interest rates. Hubert Financial offers much more competitive interest rates than traditional banks.
  • Deposit insurance. Any deposit you make and the interest you accrue will be protected by the Deposit Guarantee Corporation of Manitoba.
  • Mobile app. You can check your account balances and make transfers using Hubert’s mobile app, Hubert GO Web.
  • US-dollar accounts. Unlike many of its competitors, Hubert offers US-dollar savings accounts that you can link to your US-dollar accounts at other Canadian institutions.
  • Selection of mortgages. You can enjoy competitive interest rates on a number of Hubert’s mortgage terms (though these are only available for Manitoba residents).


  • Low interest rate on US savings. The rate for US-dollar accounts is much lower than what you’ll get for a Canadian dollar account.
  • Minimum deposit requirement for GICs. You’ll have to make a minimum deposit of $1,000 if you want to put money into a GIC.
  • No physical locations. You won’t be able to visit Hubert Financial in person to deal with any issues you might have with your account.
  • Account inactivity fee. You’ll pay a $25 fee for accounts that are inactive for 6 months with a balance under $1,000
  • Wire transfer fee. You’ll have to pay an incoming wire transfer fee of $9.25 for Canadian wire transfers or US$12 for US wire transfers

How does the Hubert Financial mobile app work?

Hubert offers the Hubert GO mobile app that lets you do your banking on the move. You can easily download it from Google Play or the Apple Store and use it to do just about everything a normal banking app will let you do. This includes viewing your bank balance, transferring your funds and managing your deposits.

How can I open an account?

Eligibility requirements

To open an account with Hubert Financial, you’ll need to meet a couple of requirements:

  • Be at least 18 years of age (or 19 in some provinces)
  • Have a bank account at another Canadian financial institution
  • Have a valid Social Insurance Number (SIN)
  • Have a valid email address
  • Be willing to pay a $5 membership fee to Sunova Credit Union

How can I apply?

You can apply for a savings account with Hubert Financial using its easy online application. Just follow these steps to get started:

  1. Click on the Hubert Financial website to be directed to your Hubert Financial account application.
  2. Complete the application, which includes providing your name, email address, Social Insurance Number and birth date.
  3. Verify your ID and deposit funds into your account.

How can I get in touch with customer service?

You can contact Hubert Financial’s customer service team from 8am to 8pm CST (Monday to Friday) and on Saturday from 8am to 4pm CST. You can contact customer service by calling 1-855-448-2378. You can also fill out a form on the contact us page or chat with an agent using Hubert’s online chat function. It’s also possible to send an email through its website if you don’t want to use these other methods.

Bottom line

Hubert Financial is a well-known digital bank that offers a number of financial products to customers across Canada. These include high interest Canadian and US-dollar savings accounts as well as a comprehensive suite of GICs. Learn what you need to become a member of Hubert Financial and apply online today to get started.

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