18 month GIC at 5.39%, offer expires February 2, 2023 | Oaken Financial | Discussion forum

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18 month GIC at 5.39%, offer expires February 2, 2023
January 24, 2023
1:32 pm
Alexandre
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January 24, 2023
2:11 pm
cgouimet
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January 24, 2023
6:28 pm
Dean
Valhalla Mountains, British Columbia
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Not to worry . . .

Alexandre may have been late to pull the trigger this time,
but I for one ... needed the reminder.

Thanks sf-smile

    Dean

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

January 25, 2023
7:02 am
savemoresaveoften
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12-18mth from now kind of the "bitter" spot when rates will/may start coming down. Personally I prefer the 1y at 5.25 vs the 18mth at 5.39. It is a tough play...

January 25, 2023
9:40 am
Dean
Valhalla Mountains, British Columbia
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.
That 'Tough Play' has an alternative ... do Both

That's where I'm goin' sf-laugh

    Dean

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

January 28, 2023
1:23 pm
Rail Baron
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Despite my adventures with Oaken's early January IT meltdown, and a $50,000 transfer disappearing for a couple of weeks, I have come back for this promotional GIC , this time for half my previous investment. We'll see what happens. Hopefully, it will go smoother this time.

January 28, 2023
2:13 pm
Bill
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Give it time to settle, spouse bought a GIC there recently and it took about 4 - 5 business days before it showed as leaving her savings account and showing the new GIC when she logged in despite her getting the confirming email right after placing the order.

January 28, 2023
2:38 pm
Dean
Valhalla Mountains, British Columbia
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Rail Baron said

Despite my adventures with Oaken's early January IT meltdown, and a $50,000 transfer disappearing for a couple of weeks, I have come back for this promotional GIC , this time for half my previous investment. We'll see what happens. Hopefully, it will go smoother this time.  

BEWARE ❗❗

From my perspective (& account) the Oaken IT Dept. 'Gong Show'
is still in play. sf-confused

Govern Yourself Accordingly,

    Dean

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

January 28, 2023
6:45 pm
Kirk
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Dean said
Not to worry . . .

Alexandre may have been late to pull the trigger this time,
but I for one ... needed the reminder.

Thanks sf-smile

    Dean

  

Me too: I will check it out. I kinda like Oaken - have had money there parked on and off for 7 years or so .... but its been a few years now.

January 28, 2023
6:53 pm
HermanH
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Rail Baron said
Despite my adventures with Oaken's early January IT meltdown, and a $50,000 transfer disappearing for a couple of weeks, I have come back for this promotional GIC , this time for half my previous investment.

Pecunia non olet is a Latin saying that means "money does not stink".

January 28, 2023
6:59 pm
Rail Baron
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Dean said

BEWARE ❗❗

From my perspective (& account) the Oaken IT Dept. 'Gong Show'
is still in play. sf-confused

Govern Yourself Accordingly,

    Dean

  

I figure that if they managed to find $50,000 of my funds, a couple of weeks after transferring them from my credit union, they will be able to find half that amount eventually, maybe even sooner this time around.

February 3, 2023
12:21 pm
dsc
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January 5, 2023
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Has anyone who opened a GIC with this promo, seen it appear in their accounts?
I did one on the 28th, so confirmation said 30th (next business day) which is fine. But how long does Oaken usually take?

February 3, 2023
1:25 pm
c
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Opened in person, was visible in account same day. They did say they are very backed up with processing for this promotion, and that it was interest in opening online accounts that caused their website issues this week.

February 3, 2023
1:56 pm
savemoresaveoften
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dsc said
Has anyone who opened a GIC with this promo, seen it appear in their accounts?
I did one on the 28th, so confirmation said 30th (next business day) which is fine. But how long does Oaken usually take?  

5-6 biz days because of back logged. They will back dated tho as long as the funds already there the date u book it.

February 3, 2023
2:02 pm
Rail Baron
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I opened an 18 month GIC at 5.39% last Saturday on the phone. It was dated Jan. 30. Confirmation of investment pdf has appeared in my Oaken Digital folder on Feb. 2, I think. I was not able to log in and download it until Feb. 3 due to "Scheduled maintenance".

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