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Email this2:41 pm
January 12, 2019
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Today's email from Oaken ...
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Please note that effective Friday, May 21 2021, we will be increasing the interest rates for some of our long-term GICs (registered and non-registered) as noted below:
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Long-term GICs
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3 Years GIC – 1.70% (currently 1.60%)
4 Years GIC – 2.00% (currently 1.90%)
5 Years GIC – 2.20% (currently 2.10%)
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These new rates will be applied automatically for all corresponding GICs booked on May 14, 2021 or later.
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All other Oaken rates will remain unchanged.
Good News, eh ❗ 
- Dean
" Live Long, Healthy ... And Prosper! "
3:11 pm
July 18, 2017
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So it begins...
7:22 am
March 18, 2021
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It sure would be nice if the Canadian deposit insurance was raised to a quarter million like in America so I could put another 300,000 into Home bank and Home Trust for a total of 500,000 or around 480,000 or what ever principle and interest combined equates to half a million. I'm lock limit up and have another 100 grand in the daily interest account.
7:54 am
January 12, 2019
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cristunity said
So it begins...
Actually, with Oaken it started a couple o' months ago ⬇
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- Dean
" Live Long, Healthy ... And Prosper! "
1:35 pm
March 15, 2019
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How safe is Oaken/Home? There was a situation 2-3 years ago when the OSC unwisely spooked the depositors they rushed to withdraw their money. Is Oaken/Home now owned by Warren Buffet?
8:29 am
January 12, 2019
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COIN said
How safe is Oaken/Home? There was a situation 2-3 years ago when the OSC unwisely spooked the depositors they rushed to withdraw their money. Is Oaken/Home now owned by Warren Buffet?
Oaken/Home is quite Safe, and in spite of a couple of 'hiccups' along the way (over hyped by the media), they have always been Safe. And yes, Oaken's Double CDIC Insurance ($100K + $100K) is still in place.
And No, Warren Buffett doesn't 'own' Home Capital, but he's had some skin in the game, from time to time ➡ https://financialpost.com/news/fp-street/berkshire-hathaway-reducing-home-capital-stake-to-less-than-10-per-cent
- Dean
" Live Long, Healthy ... And Prosper! "
10:48 am
September 24, 2019
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TommyT said
It sure would be nice if the Canadian deposit insurance was raised to a quarter million like in America so I could put another 300,000 into Home bank and Home Trust for a total of 500,000 or around 480,000 or what ever principle and interest combined equates to half a million. I'm lock limit up and have another 100 grand in the daily interest account.
People that are single get shafted. Couples can have $100K each plus joint account for a total of $150K each. Singles can only get the $100K. Least they could do is let a single person have $125K CDIC insured. But then, what do you do if the "single" person gets married or starts living common law. Oh, all these problems!!
12:45 pm
January 12, 2019
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Alexandra said
People that are single get shafted. Couples can have $100K each plus joint account for a total of $150K each. Singles can only get the $100K. Least they could do is let a single person have $125K CDIC insured. But then, what do you do if the "single" person gets married or starts living common law. Oh, all these problems!!
Yes ... to many (including myself) $100K is a fairly large sum, but in the 'Big Picture' it's a rather Paltry Sum, when it comes to investing these days.
At least there are Seven (7) different categories that are Each covered for $100K with CDIC Insurance ⬇
Dean
" Live Long, Healthy ... And Prosper! "
8:31 pm
April 6, 2013
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COIN said
How safe is Oaken/Home? There was a situation 2-3 years ago when the OSC unwisely spooked the depositors they rushed to withdraw their money. Is Oaken/Home now owned by Warren Buffet?
Home Trust debt was junk until March 2020.
Since March 2020, their DBRS bond rating is BBB(low) which is barely investment grade being just one notch above junk bond grade.
Home Trust and its parent Home Capital Group were the target of a malicious campaign by short sellers. One of the short sellers actually showed up on this site and started posting half truths about the two companies.
Apparently, many of the Home Trust HISA holders exceeded CDIC limits because of the excellent rate. Such holders and their advisors got spooked by the rumours and half truths. The resulting run on the HISA deposits put Home Trust in a liquidity crunch.
8:54 pm
April 14, 2021
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Norman1 said
Home Trust and its parent Home Capital Group were the target of a malicious campaign by short sellers. One of the short sellers actually showed up on this site and started posting half truths about the two companies.
Is there a link to these messages/discussion?
9:35 pm
April 6, 2013
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A post that supposedly shows Oaken had been delisted from RateHub.ca.
My analysis that the screenshot is fake.
1:06 pm
May 20, 2016
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These GIC rates are hard to accept when recently my 90 day EQ TFSA GIC matured at 2.3%. I guess in typical Canadian fashion, we like to convince ourselves we're getting value when we're not.
5:09 pm
February 17, 2013
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HermanH said
Norman1 said
Home Trust and its parent Home Capital Group were the target of a malicious campaign by short sellers. One of the short sellers actually showed up on this site and started posting half truths about the two companies.Is there a link to these messages/discussion?
This it?
https://www.highinterestsavings.ca/forum/oaken-financial/is-oaken-vulnerable-home-capital-group/
8:15 pm
April 14, 2021
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Yes, that's the discussion. Thanks to everyone who kindly presented the links. 🙂
7:42 am
September 30, 2017
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Oaken is increasing GIC rates
... take lead in all five GIC term catergories 
8:17 am
October 27, 2013
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They have to offer more. As of March 2021, DBRS rates HCG at BB credit rating and its subsidiary Home Trust at BBB (low) but the good news is ratings are improving and DBRS now rates them as Stable, up from Negative.
8:51 am
April 6, 2013
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Definitely good news:
| 1 yr | 2 yr | 3 yr | 4 yr | 5 yr | |
| Oaken Financial | 1.50 | 1.65 | 1.85 | 2.00 | 2.30 |
| EQ Bank | 1.40 | 1.60 | 1.80 | 1.90 | 2.20 |
| Peoples Trust | 1.45 | 1.50 | 1.60 | 1.90 | 2.00 |
10:22 am
January 12, 2019
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Unfortunately, their 18 month & 4 year GIC rates remain the same. Fingers crossed those rates will soon go up too.
Oaken GIC Rates (as of today) ➡ https://www.oaken.com/gic-rates/
- Dean
" Live Long, Healthy ... And Prosper! "
10:38 am
September 24, 2019
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I have a lot maturing between Oct 21 & Jan 22, so I am going to sit tight and hope for better rates. Maybe even Tangerine will come up with something. If not, by then, the remainder my RRIF's with them(not very much) will be in HISA and will be transferred out to somewhere else.
Please write your comments in the forum.