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Oaken Financial rate decrease
September 2, 2016
8:57 am
JenE
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Just received an e-mail to say GIC rates are decreasing as of Sept. 9th to:

5 yr 2.5
4 yr 2.4
3 yr 2.3
2 yr 2.2
18 month 2.1
1 yr 2.0

September 2, 2016
10:14 am
2of3aintbad
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So out of curiosity, I checked BMOIL to see how far out I need to go to get 2.75% compounded in a provincial strip bond. 2031 (14+ years) for Manitoba, 2033 (16+ years) for Ontario. If a 5 year GIC makes sense for you, you still have a week to buy it.

September 8, 2016
5:27 am
2of3aintbad
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Note that today is the last day that you can get 2.75% for a 5 year GIC at Oaken, registered or non-registered. According to GlobeInvestor, the next highest is 2.50% at Canadian Tire Bank.

November 25, 2016
7:13 am
Bill
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Received email from Oaken - GIC and savings account (to 1.5%) rates going down again on December 1.

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