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Email this9:09 am
September 24, 2019
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Just got e-mail from Oaken with their new rates starting tomorrow:
1 yr: 3.35% from 3.5%
18Mo: 3.45% from 3.6%
2 yr: 3.65% from 3.85%
3 yr: 3.7% from 3.85%
4 yr: 3.75% from 3.9%
5 yr: 4.0% from 4.05%
9:40 am
September 7, 2018
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Alexandra said
Just got e-mail from Oaken with their new rates starting tomorrow:1 yr: 3.35% from 3.5%
18Mo: 3.45% from 3.6%
2 yr: 3.65% from 3.85%
3 yr: 3.7% from 3.85%
4 yr: 3.75% from 3.9%
5 yr: 4.0% from 4.05%
Oaken used to have better rates than others - not so now. With inflation ranging between 3.5% and 4%, these are not good investments, particularly when one factors in income tax paid on the interest. I imagine interest rates are going to stay low/lower in Canada this year due to our economic situation.
10:40 am
January 12, 2019
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.
Yes, when you factor in Inflation & Income Taxes . . .
- GICs get you nothing more than 'Chicken Feed'.
Sad, but True 
- Dean
" Live Long, Healthy ... And Prosper ! "
2:06 am
November 18, 2017
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That all depends on your tax setup. My GICs are either in tax-free status or below tax minimums.
RetirEd
5:45 pm
January 12, 2019
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RetirEd said
That all depends on your tax setup. My GICs are either in tax-free status or below tax minimums.
.
But in the greater scheme of things, they're still just . . .
But at least they're Guaranteed & Insured (somewhat).
Have a Great weekend❗
- Dean
" Live Long, Healthy ... And Prosper ! "
7:07 am
February 7, 2019
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Oaken may be thinking they went a little too low on June 30.
Effective July 20, retroactive to July 13 ...
1 year GIC: 3.40% (previously 3.35%)
18 month GIC: 3.50% (previously 3.45%)
2 year GIC: 3.70% (previously 3.65%)
3 year GIC: 3.80% (previously 3.70%)
4 year GIC: 3.85% (previously 3.75%)
5 year GIC: 4.05% (previously 4.00%)
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