Oaken 1year 4.7% and 1.5% 4.80% | Oaken Financial | Discussion forum

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Oaken 1year 4.7% and 1.5% 4.80%
October 13, 2022
6:17 am
agit
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December 12, 2021
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email from Oaken

Oaken Savings Account: 3.40% (currently 3.00%)

Long-term GICs:

1 Year GIC – 4.70% (currently 4.40%)
1.5 Years GIC – 4.80% (currently 4.50%)

The new GIC rates will be applied automatically for all corresponding GICs booked on Thursday, October 6th, 2022 or later. All other Oaken rates will remain unchanged.

October 13, 2022
9:15 am
Dean
Valhalla Mountains, British Columbia
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.
For myself (and Many others), Oaken has long since lost it's Luster, due to their disappointing rates & poor service. But I have to admit ... these new rates (1Yr & 1.5Yr GICs) ) Are compelling ❗

Other than a small SA (with a messed up statement sf-confused), I have no money with Oaken right now. However, I may move a yet-to-be-determined sum over there, to invest in that 1.5Yr GIC @ 4.80%.

But I'll watch my step, as most of their other rates remain disappointing. And from what I understand, their poor service still hasn't improved.

    Dean

sf-cool " Live Long And Prosper " sf-cool

October 14, 2022
12:04 pm
Dean
Valhalla Mountains, British Columbia
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.
. . . But then again, Tang's 1.5Yr GIC rate is slightly better

I've never invested in a Tang GIC before ... I only have SA & CC with them.

I think I'll look into it. sf-smile

    Dean

sf-cool " Live Long And Prosper " sf-cool

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