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\u2019ll need to buy a $5 share to join the credit union, which will be reimbursed to you if you close your account.<\/p>
Hubert Financial runs as a separate business, so you won\u2019t 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.<\/p>
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\u2019t be the best service for you if you like to do your banking in-person at a branch.<\/p>
The main benefit of banking with a digital bank like Hubert Financial is that it doesn\u2019t 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.<\/p>
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).<\/p>
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<\/a>.<\/p> Term deposits come with interest rates that meet the industry average of around 4.00%. You can lock your money into a term deposit or GIC<\/a> ranging from 1 to 5 years and you\u2019ll need to deposit at least $1,000 to get started. These accounts can also be held as registered accounts such as RRSP<\/a>s and TFSA<\/a>s.<\/p> Length of term<\/p><\/th> Term deposit rates (as of October 24, 2025)<\/p><\/th><\/tr><\/thead> 1 year quarterly term<\/p><\/td> 3.3%<\/p><\/td><\/tr> 2 year<\/p><\/td> 3.55%<\/p><\/td><\/tr> 3 year<\/p><\/td> 3.65%<\/p><\/td><\/tr> 4 year<\/p><\/td> 3.7%<\/p><\/td><\/tr> 5 year<\/p><\/td> 3.8%<\/p><\/td><\/tr>Term deposits<\/h4>
*These rates are subject to change \u2013 you can find Hubert\u2019s current term deposit rates on its website.<\/td><\/tr><\/tbody><\/table> Is Hubert Financial safe?<\/h3>