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Email this11:13 am
November 3, 2022
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Dean said
Is that ⬆ hypothetical ... or do you know something we don't know ❓❗
Dean
Not only is my example hypothetical, it is not at all likely, as reflected in my decision to deposit more funds than the CDIC insurance limit with Home Bank/Home Trust, for at least one month's duration.
I would not exceed the CDIC insurance limit with Home Capital Group over a long period, but I feel comfortable with the risk in creeping over the limit for accrued interest during the coming month, if CDIC had to intervene.
Let's check back at Christmas to see if my confidence in Home Capital was justified!
12:31 pm
November 4, 2023
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Hello, is there a friend referral program for opening an account at Oaken Financial? Feel free to DM me thx
12:30 pm
May 20, 2016
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Just purchase a 2 year 6% GIC. Oaken has the best online experience and one online application finishes everything: joint account, maturity instruction, funding the new GIC account from linked external account and new GIC account shown up on the online banking right after the application submission.
12:35 pm
November 4, 2023
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davidgeorge said
Just purchase a 2 year 6% GIC. Oaken has the best online experience and one online application finishes everything: joint account, maturity instruction, funding the new GIC account from linked external account and new GIC account shown up on the online banking right after the application submission.
When did you first open an account with them? I have been hearing about long wait times to open an account and seeing the deposit show up on online banking
12:39 pm
May 20, 2016
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DavidSan said
When did you first open an account with them? I have been hearing about long wait times to open an account and seeing the deposit show up on online banking
Don't remember, but at least 5 years ago.
12:43 pm
November 3, 2022
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Another data point on Oaken GIC processing service. My 6% GICS (I split the funds between HB and HT) took four days from online purchase to electronic confirmation of investment. And two of those days were Saturday and Sunday!
I wish that Home Capital would add a third bank or trust to their stable of deposit insurance protected entities so that I could keep investing with them @6%.
12:46 pm
August 4, 2010
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Rail Baron said
I wish that Home Capital would add a third bank or trust to their stable of deposit insurance protected entities so that I could keep investing with them @6%.
If you are willing to set up with a GIC broker and can meet the $20K minimums, Haventree is still offering 6% on 1,2 years:
HAVENTREE BANK 6.00 6.00 5.80 5.70 5.74 $20,000
12:52 pm
November 3, 2022
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NorthernRaven said
If you are willing to set up with a GIC broker and can meet the $20K minimums, Haventree is still offering 6% on 1,2 years:
HAVENTREE BANK 6.00 6.00 5.80 5.70 5.74 $20,000
Thanks. Let's see what December brings. That's when I'll have more capital looking for a good home, so to speak.
1:09 pm
January 3, 2009
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Rail Baron said
Another data point on Oaken GIC processing service. My 6% GICS (I split the funds between HB and HT) took four days from online purchase to electronic confirmation of investment. And two of those days were Saturday and Sunday!I wish that Home Capital would add a third bank or trust to their stable of deposit insurance protected entities so that I could keep investing with them @6%.
Agreed, I opened several GICS this past sunday, they were all showing by end of day monday and all documents were available by end of day tuesday.
I just wish they would offer registered savings accounts. Then I would do more business with them.
1:35 pm
January 12, 2019
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.
Don't hold your breath on those ⬆ Oaken Registered SAs, Phrank.
They've been unofficially promising them for Years now ("We're working on it."), but it Never happens.
∴ ... I keep registered $$$ elsewhere.
- Dean
" Live Long, Healthy ... And Prosper! "
2:15 pm
August 17, 2010
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Just bought a 2 year from Oaken, customer service was great as usual, received an email confirming investment as soon as I finished the call and GIC was processed within the hour.
3:03 pm
April 20, 2019
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Sounds great toto. I can tell you that was not my experience 2 weeks ago.
3:46 pm
January 9, 2011
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toto said
Just bought a 2 year from Oaken, customer service was great as usual, received an email confirming investment as soon as I finished the call and GIC was processed within the hour.
Same here, and they will hold the "anniversary special rates" (which run out after next Thursday) for 5 business days after "conditionally" creating a GIC.
"Keep your stick on the ice. Remember, I'm pulling for you. We're all in this together." - Red Green
6:15 pm
January 3, 2009
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Dean said
.
Don't hold your breath on those ⬆ Oaken Registered SAs, Phrank.They've been unofficially promising them for Years now ("We're working on it."), but it Never happens.
∴ ... I keep registered $$$ elsewhere.
Dean
I know! It's very disappointing. I no longer believe they have any intention to do so and I have started breathing again 
6:24 pm
August 4, 2010
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I was on the phone with Oaken the other day, and the CSR said that TFSA savings was being worked on, but no imminent announcement. It sounded like it was more than "on the roadmap", that there was at least something going on in actual development, but who knows for sure. If they are going to do them, I suspect they'd either get them ready for TFSA/RRSP season in the new year, or hold off completely until that is over in the spring.
6:41 pm
January 12, 2019
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.
NorthernRaven,
I kid you not ... Oaken CSRs have been saying that ⬆ 'Exact Same Thing',
for literally Years now ❗
It's nothing more than the usual time-honored Oaken Horse Excrement.
Sad, but True 
- Dean
" Live Long, Healthy ... And Prosper! "
10:04 am
October 21, 2013
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As Dean says, they've been promising this pretty much ever since they cae into existence, with no evidence of progress.
For practical purposes, I assume it will not happen. When and if it does, I will be glad to see it. Untlil then, no new registered GICs from me.
1:16 pm
August 17, 2010
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Sounds like i got lucky with the quick process on my 2 year GIC, could it be because the money was right there in my acccount and didnt have to be transferred in?
1:21 pm
January 9, 2011
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toto said
Sounds like i got lucky with the quick process on my 2 year GIC, could it be because the money was right there in my acccount and didnt have to be transferred in?
Yup. There's no hold funds and they just transfer from HISA to GIC.
However even if there is a hold, as I understand it they will remove the hold after phoning in (maybe a 1 day processing delay - not sure as I called after banking hours on Friday).
"Keep your stick on the ice. Remember, I'm pulling for you. We're all in this together." - Red Green
1:32 pm
April 20, 2019
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Toto,
I think my gic delay was because my account was a business account. I cant see the size of a gic delay its processing. I also had all the funds there in the savings account. Probly takes longer to process business transactions for whatever reason. .
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