Interest rate changes | Page 2 | Oaken Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Interest rate changes
April 18, 2020
5:56 pm
GICinvestor
Member
Members
Forum Posts: 670
Member Since:
April 26, 2019
sp_UserOfflineSmall Offline

Also, when mailing personal cheques for GICs, do you use registered mail, Xpresspost, or regular mail? I just send them regular mail for ~$1.08 (tax incl.) or so. When my parents mailed a cheque to deposit to Hubert (since they don't have mobile deposit yet :(), it took ~5 business days via regular postal mail from West Kelowna, British Columbia, to Selkirk, Manitoba. 1 day to Vancouver, 2-3 days to Winnipeg, and 1-2 days to Selkirk. There was a weekend and a statutory holiday in there, I think, so it netted out at 7-8 calendar days.

It depends. I use a registered service because of my mistrust, value of cheque, afraid of hassle, or guaranteed delivery time.

But due to our conditions today and to avoid touching an ATM I plan to use Etransfer more often. Now I have to ask my self....does Oaken or Hubert handle an Etransfer receipt? Even if I have to pay my CU $2.....it is less than the drive plus courier fees.

April 20, 2020
10:08 am
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 2105
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline

.
Oaken's rates go 'Down' ... Yet AGAIN

Today's email from Oaken . . .
.

    Please note that effective Thursday, April 23, 2020 we will be decreasing the interest rates of our 90-day short-term GIC and all of our long-term GICs (registered and non-registered) as follows:
    .
    Short-term GIC
    • 90 Day GIC – 2.15% (currently 2.45%)
    .
    Long-term GICs
    • 1 Year GIC – 2.30% (currently 2.50%)
    • 18 Month GIC – 2.30% (currently 2.60%)
    • 2 Year GIC – 2.30% (currently 2.65%)
    • 3 Year GIC – 2.30% (currently 2.65%)
    • 4 Year GIC – 2.30% (currently 2.65%)
    • 5 Year GIC – 2.30% (currently 2.65%)
    .
    All other Oaken rates will remain unchanged.

.

Sad sf-frown

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

April 20, 2020
10:29 am
Doug
British Columbia, Canada
Member
Members
Forum Posts: 4269
Member Since:
December 12, 2009
sp_UserOfflineSmall Offline

GICinvestor said

I said:
I have driven from Winnipeg to Lockport along the along the Red River just short of Selkirk

And Hubert is located in Selkirk. And you would likely pass through Lockport to get there.  

Yes, but why did you address that post to Dean specifically? Your information is helpful, but multiple users were discussing mailing times. So I'm not sure why you addressed your message to Dean...the only reason I could logically think of is that you thought Dean lived in Selkirk.

Apologies for the misunderstanding and/or confusion. sf-cool

Cheers,
Doug

April 20, 2020
11:39 am
GICinvestor
Member
Members
Forum Posts: 670
Member Since:
April 26, 2019
sp_UserOfflineSmall Offline

Oh so sorry. Was I supposed to PM him?

No permission to create posts

Please write your comments in the forum.