Rate down | 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
February 3, 2015
8:45 pm
Jon
Member
Members
Forum Posts: 435
Member Since:
August 9, 2014
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

I check their latest rate and they also seems to adjust it down. It seems that greater adjustment is on the longer term.

They bet on the wrong side and they now have too much long term GIc lock in at higher rate so they need more short term GIC to balance it out!!!

February 9, 2015
2:55 pm
Loonie
Member
Members
Forum Posts: 9391
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline
Go to Top
2sp_EditHistory sp_Permalink sp_Print

Going down again, especially 3-5yrs.

"Effective Wednesday, February 18, 2015, we'll be reducing the following rates:

1 Year from 1.90% to 1.80%
18 Month from 2.00% to 1.90%
2 Year from 2.20% to 2.10%
3 Year from 2.35% to 2.15%
4 Year from 2.50% to 2.20%
5 Year from 2.60% to 2.30%
Cashable after 90 Days from 1.85% to 1.75%"

- by email.

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.