Oaken Rate Hike | Oaken Financial | Discussion forum

I find it hard to keep up with rate hikes when a topic has 6+ pages to skim through, only to find the latest hike along with three others. So I'm asking members to start another topic with a bank if a new rate is present.

Rate Alert - effective January 26, 2018

Please note that effective today (Friday, January 26, 2018), we have increased our interest rates for all GIC terms as follows:

Long-term GICs (registered and non-registered)

• 1 Year GIC – 2.50% (previously 2.25%)
• 18 Month GIC – 2.75% (previously 2.50%)
• 2 Year GIC – 2.85% (previously 2.60%)
• 3 Year GIC – 2.95% ( previously 2.85%)
• 4 Year GIC – 3.05% (previously 3.00%)
• 5 Year GIC – 3.25% (previously 3.15%)

Short-term GICs

• 30-59 Days – 1.90% (previously 1.65%)
• 60-89 Days – 1.90% (previously 1.65%)
• 90-119 Days – 1.90% (previously 1.65%)
• 120-179 Days – 2.00% (previously 1.75%)
• 180-269 Days – 2.05% (previously 1.80%)
• 270-364 Days – 2.10% (previously 1.85%)

1 Year Cashable GICs

• After 30 Days – 1.80% (previously 1.55%)
• After 90 Days – 1.90% (previously 1.65%)