Oaken Financial rate decrease | Oaken Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Oaken Financial rate decrease
September 2, 2016
8:57 am
JenE
Member
Members
Forum Posts: 416
Member Since:
May 24, 2016
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

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
Member
Members
Forum Posts: 317
Member Since:
February 24, 2015
sp_UserOfflineSmall Offline
Go to Top
2sp_Permalink sp_Print

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
Member
Members
Forum Posts: 317
Member Since:
February 24, 2015
sp_UserOfflineSmall Offline
Go to Top
3sp_Permalink sp_Print

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
Member
Members
Forum Posts: 3919
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline
Go to Top
4sp_Permalink sp_Print

Received email from Oaken - GIC and savings account (to 1.5%) rates going down again on December 1.

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.