Bonus interest of 0.1% on new GICs today only | Oaken Financial | Discussion forum

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Bonus interest of 0.1% on new GICs today only
August 31, 2023
9:46 am
Rail Baron
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I just got an email from Oaken saying that they had an unadvertised special bonus of 0.1% that would be added to all GICs purchased today to celebrate their acquisition's closing.

Did others get a similar offer?

August 31, 2023
9:56 am
Iminterested
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I received the email today as well.

August 31, 2023
10:12 am
Miked
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It's today & tomorrow + offered to all new gic's see their rate site popup... here's copy of text:

"0.10% is additional to current Oaken GIC posted rates. The new rate will only be shown on your confirmation. This offer is only applicable to new GICs opened between August 31 and September 1, 2023. GIC renewals during this period are not eligible for this offer."

August 31, 2023
11:05 am
Rail Baron
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Miked said
It's today & tomorrow + offered to all new gic's see their rate site popup... here's copy of text:

"0.10% is additional to current Oaken GIC posted rates. The new rate will only be shown on your confirmation. This offer is only applicable to new GICs opened between August 31 and September 1, 2023. GIC renewals during this period are not eligible for this offer."  

Opened between is not the same as "opened on". If the offer said opened on August 31 and Sept. 1, it would be clear that both days count for the promo.

But opened between could be interpreted as occurring on Aug. 31 and before Sep. 1 arrives.

I plan to play it safe and open mine today.

August 31, 2023
5:49 pm
Dean
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.
A two day +0.10% Bonus Miracle Wonder ... LOL sf-laugh

If Oaken 'Really' wants more of my $$$, they're gonna have to do a
Whole Lot Better than that ❗

Needless to say ... I'll be giving it a 'Real Hard PASS'.

Try again, Oaken ... but next time do it Right.

    Dean

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

August 31, 2023
6:45 pm
canadian.100
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Dean said
.
A two day +0.10% Bonus Miracle Wonder ... LOL sf-laugh

If Oaken 'Really' wants more of my $$$, they're gonna have to do a
Whole Lot Better than that ❗

Needless to say ... I'll be giving it a 'Real Hard PASS'.

Try again, Oaken ... but next time do it Right.

    Dean

  

I agree - the way this offer is being marketed seems very bizarre.

August 31, 2023
7:09 pm
Loonie
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... not to mention the dreadful copywriting. There is actually no time at all "between" Aug 31 and Sept 1.

September 1, 2023
4:14 am
cgouimet
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That was the funniest thing I saw yesterday until I saw Howdy Doody riding shotgun in a retired Nebraska Crown Vic police cruiser

CGO
September 1, 2023
9:25 am
Rail Baron
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"Between" turns out to have meant "on" in the Oaken ad, as the promotion is still on today, according to their web site.

I would not have gone out of my way to take it, but I was already moving money into Tang @6% yesterday, and then reached the CDIC insurance limit, so had to put the rest somewhere, and Home Trust @5.6% seemed like as good a place as any.

September 1, 2023
10:20 am
Dean
Valhalla Mountains, British Columbia
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Loonie said

... not to mention the dreadful copywriting. There is actually no time at all "between" Aug 31 and Sept 1.  

Actually, there is ... it's called 'The Twilight Zone'. sf-wink

Truth be known, I'm pretty sure they're trying to say that we have those two days to take advantage of their +0.10% bonus offer.

Personally, I couldn't be bothered ... as at this time, I can get better deals elsewhere ... and without having to play Oaken's games.

    Dean

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

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