cgouimet said

And they still have their short term (< 12 months) with rates lower than their HISA ...

30-59 Days ....... 1.00%
60-89 Days ....... 1.00%
90-119 Days ..... 1.00%
120-179 Days ... 1.00%
180-269 Days ... 2.25%
270-364 Days ... 2.70%  

Oaken is right at the bottom with its short term GIC rates at 1%. Why would anyone buy such? Better rates elsewhere.

Wrayzor said

I received an email about two hours after the first post here.  

Same here.

Also good to see them continuing their 'tradition' of applying higher rates retroactively...

cgouimet said

Hmm ... And no email yet ...  

I received an email about two hours after the first post here.

GR said
GIC rates increased for 1 yr. (3.35%), 18 mos. (3.45%) and 2 years (3.70%).

https://www.oaken.com/en-ca/gi.....rates/  

And they still have their short term (< 12 months) with rates lower than their HISA ...

30-59 Days ....... 1.00%
60-89 Days ....... 1.00%
90-119 Days ..... 1.00%
120-179 Days ... 1.00%
180-269 Days ... 2.25%
270-364 Days ... 2.70%

GR said
GIC rates increased for 1 yr. (3.35%), 18 mos. (3.45%) and 2 years (3.70%).

https://www.oaken.com/en-ca/gi.....rates/  

Hmm ... And no email yet ...

https://www.oaken.com/en-ca/gic-rates/

dougjp said

I only look at EQ for TFSA GICs, as they still have no joint GICs after all these years. I find that omission to be bizarre, when they do have successor holder for TFSA, plus with non registered GICs, EQ have complete control as they are locked in and can only mature into the EQ account. Not even pre arranged renewal instructions are allowed, you have to be around on maturity date and go through the buying process!  

EQB is a puzzle to me too. I only keep our accounts open with a few $ just in case they decide to offer joint GIC's.

cgouimet said

dougjp said
Another change effective today (but applied retroactive to April 8), advised by e-mail:

Long Term GICs:

1 year GIC: 3.25% (previously 3.20%)
18 month GIC: 3.35% (previously 3.30%)
2 year GIC: 3.60% (previously 3.40%)
3 year GIC: 3.70% (previously 3.60%)
4 year GIC: 3.80% (previously 3.65%)
5 year GIC: 4.00% (previously 3.80%)

Same rates as EQB....  

I only look at EQ for TFSA GICs, as they still have no joint GICs after all these years. I find that omission to be bizarre, when they do have successor holder for TFSA, plus with non registered GICs, EQ have complete control as they are locked in and can only mature into the EQ account. Not even pre arranged renewal instructions are allowed, you have to be around on maturity date and go through the buying process!

dougjp said
Another change effective today (but applied retroactive to April 8), advised by e-mail:

Long Term GICs:

1 year GIC: 3.25% (previously 3.20%)
18 month GIC: 3.35% (previously 3.30%)
2 year GIC: 3.60% (previously 3.40%)
3 year GIC: 3.70% (previously 3.60%)
4 year GIC: 3.80% (previously 3.65%)
5 year GIC: 4.00% (previously 3.80%)

Same rates as EQB....

Does any one know if Oaken is still sending reminder letters by Canada Post for upcoming RRIF maturities? If yes, how much in advance…week or month or?

Thanks.

Long Term GICs:

1 year GIC: 3.25% (previously 3.20%)
18 month GIC: 3.35% (previously 3.30%)
2 year GIC: 3.60% (previously 3.40%)
3 year GIC: 3.70% (previously 3.60%)
4 year GIC: 3.80% (previously 3.65%)
5 year GIC: 4.00% (previously 3.80%)

I have to say Oaken impresses me with (a) actually advising rate changes both up and down by e-mail, usually (most others can't be bothered doing it at all), and (b) applying rate increases retroactively for a week when rates rise, but don't when they fall. Little things sometimes make a difference.

NorthernRaven said

Actually, I received an email from Oaken about this today:

Please note that effective Thursday, March 26th, 2026, we will be updating the interest rate for the following Oaken GICs:
Long Term GICs:
1 year GIC: 3.20% (currently 3.00%)
18 month GIC: 3.30% (currently 3.10%)
2 year GIC: 3.40% (currently 3.30%)
The new GIC rates will be applied automatically for all corresponding GICs booked on Thursday, March 19, 2026 or later
All other Oaken rates will remain unchanged.
  

Email received @ 1:04PM...

cgouimet said
And no email from Oaken about it.  

Actually, I received an email from Oaken about this today:

Please note that effective Thursday, March 26th, 2026, we will be updating the interest rate for the following Oaken GICs:
Long Term GICs:
1 year GIC: 3.20% (currently 3.00%)
18 month GIC: 3.30% (currently 3.10%)
2 year GIC: 3.40% (currently 3.30%)
The new GIC rates will be applied automatically for all corresponding GICs booked on Thursday, March 19, 2026 or later
All other Oaken rates will remain unchanged.

Gilker said
People’s has been the same too. Their 30 day GIC rate “was” higher than HISA as well.  

yes but at least PT's 3/6/9-Mo @ 1.9/2.3/2.5% is better than their 1.2% HISA ...