2018 12 14 Svgs Rate Hike | Oaken Financial | Discussion forum

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2018 12 14 Svgs Rate Hike
December 14, 2018
6:54 am
Nehpets
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from email received today:

effective today (Friday, December 14, 2018), we have increased the interest rate for our Oaken Savings Account to 2.30%

Stephen

December 14, 2018
6:57 am
SG
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WOW....about time. Lol

December 14, 2018
7:01 am
NorthernRaven
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SG said
WOW....about time. Lol  

Home Trust (the Oaken people) had certain experiences last year which caused them to be somewhat less than enamoured of chasing hot deposit money... 🙂

December 14, 2018
7:10 am
Top It Up
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Ideal Savings HISA still sitting @ 2.76% ... 150-day GIC @ 3.25%.

December 14, 2018
8:45 am
Loonie
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Now that the mighty Oak has awakened from its Savings Rate slumber, perhaps we'll see Savings accounts in RSPs RIFs one day soon?sf-smile

December 14, 2018
10:05 am
Retep
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Loonie said
Now that the mighty Oak has awakened from its Savings Rate slumber, perhaps we'll see Savings accounts in RSPs RIFs one day soon?sf-smile  

Would it be that Oaken does not have RRSP, RRIF or TFSA savings accounts because people would park funds there to take advantage of no cost transfers to another FI?

It is a worth while effort to turn on ALERTS on your Credit Cards and Bank/Credit Union Accounts.

December 14, 2018
7:52 pm
Loonie
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Who knows? And they won't say.
They will be losing my maturing RIF GIC next year, and the one after that, if they don't introduce a registered savings account.
There is more than one reason to need such a vehicle.

December 15, 2018
6:44 am
AlainJF
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Loonie said
Who knows? And they won't say.
They will be losing my maturing RIF GIC next year, and the one after that, if they don't introduce a registered savings account.
There is more than one reason to need such a vehicle.  

I fully agree; Until Oaken offers those registered savings account vehicles, I am not touching their RRSP, nor TFSA.

December 15, 2018
8:19 am
Retep
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Yup me too. I got taken away with their rates and do have TFSA and RRSP with them but will transfer out at maturity. No savings account = no invest!!

It is a worth while effort to turn on ALERTS on your Credit Cards and Bank/Credit Union Accounts.

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