Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this9:09 pm
October 21, 2013
Offline
Oaken and EQ and their above-average rates are both relative newcomers in their present configuration. Hopefully there will be other newcomers coming up behind them who also need to establish a customer base.
I agree that the MB CUs are most likely to be able to hold their rates.
4:27 pm
November 19, 2014
Offline
So today is the day this went live. Has anyone spoken to Oaken yet ?
I logged into the Oaken site to check their rates (unchanged) and this blurb on the rates page is new and highlighted in bold (and exciting if true) as it would seem to indicate their rates are the same through either CDIC entity:
https://www.oaken.com/gic-rates/
~~ Each deposit is available through either Home Bank or Home Trust Company, both of which are separate members of CDIC.
Get Started
The rates below are effective as of today. Our rates were last changed on July 11, 2016.~~~
I was off work today but am going to call them up in the morning to confirm.
6:46 pm
December 3, 2014
Offline
I played around with the online application,selecting either Home Bank or Home Trust
didn't change the interest rates.So I guess the rates are the same for both
7:15 am
November 19, 2014
Offline
frizun said
I played around with the online application,selecting either Home Bank or Home Trust
didn't change the interest rates.So I guess the rates are the same for both
Yup. Just got off the phone with them. Rates as listed on the Oaken website are available under either Home Trust or Home Bank. CDIC coverage for both.
I also asked, since I'm a cheeky little monkey, if they are still goosing the rates by 5 points for large amounts like they used to. No, these are our best rates was the answer.
Don't ask, don't know.... 
2:06 pm
October 11, 2015
Offline
PC promo is expiring. Thought about Oaken/Home Trust since we can now double up our deposits with CDIC insurance. BUT their rates SUCK!! Any thoughts on where to go now?? Will be waiting to see what PC/Tangerine comes up with, but I do like the idea of locking away for 2 years and not having to worry every 3 months when the promos end.
So far I'm maxed at ZAG, Oaken (prior to the expansion to Home)and EQ (only 1.75 but don't know where to get more).
p.s. i definitely think that Oaken was offering great rates to accumulate cash for their recent bank purchase. I don't know what ZAG and EQ were doing with the cash with their high initial promo rates, but glad that i locked in ZAG at 2.5 for 2 years!
7:21 pm
October 21, 2013
Offline
Rates have basically done nothing but slip gradually lower over the last several years, promos notwithstanding, and sometimes even when there is no change in the Bank of Canada rate.
What were you expecting?
If you can afford to do so, you probably should put your money in GIC ladder, which means that each year you put one/fifth of it into a five-year GIC. Historically, this has almost always proven to provide the best results over the long term (as opposed to shorter GICs). Rates will go up eventually, one assumes, but I am not counting on that happening until and unless there are more solid indicators. Right now, there are none.
9:11 am
December 23, 2011
Offline
Oaken announcement September 2 2016
As part of our commitment to making customers the first to know about our rate changes, please note that effective Friday, September 9, 2016 we'll be decreasing our interest rates for the following terms:
1 Year GIC - 2.00% (currently 2.05%)
18 Month GIC - 2.10% (currently 2.25%)
2 Year GIC - 2.20% (currently 2.40%)
3 Year GIC - 2.30% (currently 2.50%)
4 Year GIC - 2.40% (currently 2.60%)
5 Year GIC - 2.50% (currently 2.75%)
Please write your comments in the forum.