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Email this1:10 pm
December 18, 2018
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Finally some rates increase 
Here is email
Please note that effective Tuesday, March 30, 2021, we will be increasing the interest rates for some of our long-term GICs (registered and non-registered) as noted below:
Long-term GICs
4 Years GIC – 1.90% (currently 1.70%)
5 Years GIC – 2.10% (currently 1.80%)
These new rates will be applied automatically for all corresponding GICs booked on March 23, 2021 or later.
All other Oaken rates will remain unchanged.
1:23 pm
January 12, 2019
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.
I just got that ⬆ same email. Perhaps we're starting to pull out of the Rate Dive ❗
- Dean
" Live Long, Healthy ... And Prosper! "
1:31 pm
October 27, 2013
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For longer terms due to GOC5 yield going up. Not the case for HISA or short term money where the overnight rate is stuck at historic lows.
10:32 pm
October 21, 2013
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Other FIs may follow suit in days / weeks to come as these rates are further out in front than where Oaken was before.
9:09 am
January 12, 2019
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Loonie said
Other FIs may follow suit in days / weeks to come as these rates are further out in front than where Oaken was before.
Any bets on which FI will be next ❓
I'm guessing EQ Bank.
Time will tell . . .
- Dean
" Live Long, Healthy ... And Prosper! "
9:34 pm
October 21, 2013
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I think Hubert has some "room to grow", but probably won't go as high as Oaken.
It could come out as a promo somewhere. - Tang? Simplii? or even at a larger bank.
But I could be very wrong!
4:44 am
June 10, 2020
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So, I think this is a good rate. What's the wisdom on this? Good idea to lock away money for 5 years at 2.1%? Added info: hoping to start a really early retirement in 5 years.
3:31 pm
October 21, 2013
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Laertes said
So, I think this is a good rate. What's the wisdom on this? Good idea to lock away money for 5 years at 2.1%? Added info: hoping to start a really early retirement in 5 years.
It might be the best we see for 2021 for five year term. I don't think we'll get above 2.25 - and very possibly not that.
I would have no difficulty putting up to one-fifth of my money, to CDIC limits, in this GIC. Whether or not you put in any more has to do with your personal situation and how you have invested other money.
If you want to hedge your bets, you could put in half of the above and wait and see if something better comes along this year for the other half.
Please write your comments in the forum.