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GIC Rates Changed
June 16, 2023
6:45 am
cgouimet
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February 7, 2019
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As of Jun 16 ... All up, 1-5Yr ...

1 Year GIC – 5.25% (previously 5.10%)
18 Month GIC – 5.20% (previously 5.05%)
2 Year GIC – 5.15% (previously 4.95%)
3 Year GIC – 5.00% (previously 4.55%)
4 Year GIC – 4.70% (previously 4.50%)
5 Year GIC – 4.70% (previously 4.40%)

Retroactive to Jun 9 ...

CGO
June 16, 2023
7:55 am
Tommy Tutalidge
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cgouimet said
As of Jun 16 ... All up, 1-5Yr ...

1 Year GIC – 5.25% (previously 5.10%)
18 Month GIC – 5.20% (previously 5.05%)
2 Year GIC – 5.15% (previously 4.95%)
3 Year GIC – 5.00% (previously 4.55%)
4 Year GIC – 4.70% (previously 4.50%)
5 Year GIC – 4.70% (previously 4.40%)

Retroactive to Jun 9 ...  

I got the email this morning but unlike in the past I doubt Oaken will match the GIC rates of EQ Bank due to the new buyer wanting to fund mostly everything himself.

July 24, 2023
6:10 am
MAC99
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Please note that effective Monday, July 24th, 2023, we will be increasing the interest rate for Oaken long-term GICs as noted below:

Long-term GICs:

1 Year GIC – 5.50% (previously 5.25%)
18 Month GIC – 5.50% (previously 5.20%)
2 Year GIC – 5.50% (previously 5.15%)
3 Year GIC – 5.35% (previously 5.00%)
4 Year GIC – 5.00% (previously 4.70%)
5 Year GIC – 5.00% (previously 4.70%)

The new GIC rates will be applied automatically for all corresponding GICs booked on Monday, July 17th, 2023 or later.

All other Oaken rates will remain unchanged.

July 24, 2023
8:20 am
Dean
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Tommy Tutalidge said

I got the email this morning but unlike in the past I doubt Oaken will match the GIC rates of EQ Bank due to the new buyer wanting to fund mostly everything himself.  

Check again, Tommy ... they just did ❗

LOL sf-laugh

    Dean

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

July 24, 2023
10:52 am
fat_dog
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Yes the days of oaken being a good place for GIC are likely in the past now .
Rates and service will likely take a huge dive .

I will transfer out as GIC comes due not wanted their

July 24, 2023
11:34 am
cgouimet
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fat_dog said
Yes the days of oaken being a good place for GIC are likely in the past now .
Rates and service will likely take a huge dive .

I will transfer out as GIC comes due not wanted their  

LOL.

I guess you didn't see their 5.5% 1 and 2 yr GIC earlier today ...

CGO
July 27, 2023
12:00 pm
kesa
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February 14, 2023
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CANADA'S 5-YEAR YIELD TOUCHES ITS HIGHEST SINCE DECEMBER 2007 AT 4.030%….

Perhaps good for GIC rates, let’s see

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