Oaken Savings Account rate change to 1.25% from 1.40% on Oct 9, 2020 | Oaken Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





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

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Oaken Savings Account rate change to 1.25% from 1.40% on Oct 9, 2020
October 8, 2020
8:47 am
hwyc
GTA
Member
Members
Forum Posts: 1261
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline
Go to Top
1sp_EditHistory sp_Permalink sp_Print

Effective Friday, October 9, 2020, the Oaken Savings Account rate will be decreasing to 1.25% (currently 1.40%).

We will also be decreasing the interest rates for all of our short-term GICs and some of our long-term GICs (registered and non-registered) effective Thursday, October 15, 2020 as noted below:

Short-Term GICs
• 30 Days – 1.25% (currently 1.40%)
• 60 Days – 1.25% (currently 1.40%)
• 90 Days – 1.30% (currently 1.45%)
• 120 Days – 1.30% (currently 1.45%)
• 180 Days – 1.30% (currently 1.45%)
• 270 Days – 1.35% (currently 1.45%)

Long-term GICs
• 1 Year GIC – 1.40% (currently 1.50%)
• 18 Months GIC – 1.60% (currently 1.75%)
• 2 Years GIC – 1.50% (currently 1.65%)
• 3 Years GIC – 1.60% (currently 1.75%)
• 4 Years GIC – 1.75% (currently 1.85%)

All other Oaken rates will remain unchanged.

October 15, 2020
1:12 pm
heinzheinz57
Member
Members
Forum Posts: 4
Member Since:
November 20, 2018
sp_UserOfflineSmall Offline
Go to Top
2sp_Permalink sp_Print

I need to take $1000 out of Oaken TFSA GIC when it comes due. The forms only allow direct transfer to GIC's. How can I put this into an existing Oaken HISA.

October 15, 2020
1:38 pm
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 2142
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline
Go to Top
3sp_EditHistory sp_Permalink sp_Print

heinzheinz57 said
I need to take $1000 out of Oaken TFSA GIC when it comes due. The forms only allow direct transfer to GIC's. How can I put this into an existing Oaken HISA.  

Unfortunately, Oaken doesn't have TFSA Savings Accounts ... one of my Pet-Peeves, about them. sf-confused

    Dean

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

October 15, 2020
2:15 pm
hwyc
GTA
Member
Members
Forum Posts: 1261
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline
Go to Top
4sp_EditHistory sp_Permalink sp_Print

heinzheinz57 said
I need to take $1000 out of Oaken TFSA GIC when it comes due. The forms only allow direct transfer to GIC's. How can I put this into an existing Oaken HISA.  

Just did quick live chat at Oaken for you - looks like it can be arranged.

You can call the call centre at 1-855-625-3622 to give instruction.

...Hope this helps

October 15, 2020
3:05 pm
topgun
Member
Members
Forum Posts: 452
Member Since:
September 6, 2020
sp_UserOfflineSmall Offline
Go to Top
5sp_EditHistory sp_Permalink sp_Print

hwyc said

Just did quick live chat at Oaken for you - looks like it can be arranged.

You can call the call centre at 1-855-625-3622 to give instruction.

...Hope this helps  

Some FI's allow the GIC (i.e. RRSP, RRIF, TFSA, NON REGISTERED, etc) on maturity to be redeemed into HISA automatically including interest. Handy.

Have a Great Day

October 17, 2020
1:09 pm
heinzheinz57
Member
Members
Forum Posts: 4
Member Since:
November 20, 2018
sp_UserOfflineSmall Offline
Go to Top
6sp_Permalink sp_Print

Thanks. Oaken does allow transfers to their Non-TFSA HISA from GIC's just not within the TFSA Framework; really would be nice

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.