Savers Roundup May 2026: Challenger banks and free data roaming with your credit card

Oaken Rate Increase 2026/05/25 | Oaken Financial | Discussion forum

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Oaken Rate Increase 2026/05/25
May 25, 2026
7:38 am
cgouimet
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February 7, 2019
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Effective 2026/05/25 ...

1 year GIC: 3.50% (previously 3.35%)
18 month GIC: 3.60% (previously 3.45%)
2 year GIC: 3.85% (previously 3.70%)
3 year GIC: 3.85% (previously 3.70%)
4 year GIC: 3.90% (previously 3.80%)
5 year GIC: 4.05% (previously 4.00%)

The new GIC rates will be applied automatically for all corresponding GICs booked on 2026/05/18, or later.

CGO
May 25, 2026
9:19 am
Rail Baron
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I just moved funds from my Oaken Savings acct. into a 2 year GIC.

If only Oaken could offer deposits to more banking entities within the Smith financial empire. Why not add Fairstone Bank to Home Trust and Home Bank deposits available through the Oaken channel? I'd be happy to fill another 100k of CDIC insured deposits in that case.

May 25, 2026
9:47 am
Dean
Valhalla Mountains, British Columbia
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Rail Baron ⬆️

I know it's not the same, but Fairstone GICs can often be accessed through your Investment Broker account (e.g. TD Direct Investing, etc.).

Their GIC rates can be actually quite Good there !

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

May 25, 2026
10:07 am
AltaRed
BC Interior
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October 27, 2013
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I don't think it is overly unusual for there to be restrictions via the retail channel where the hassle factor from retail investors may be enough of a deterrent, notwithstanding other factors that may be at play. I believe Equitable Group does the same limiting EQ Bank retail customers from accessing Concentra Bank et al that is only available via the brokerage channel.

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