Please be advised that your September 2026 savings account statement(s) available through Oaken Digital contained an error where the "Balance from previous statement" was incorrect. Corrected September 2026 savings account statement(s) are now available on Oaken Digital. Please disregard any previously downloaded September 2026 statement(s). We apologize for this error.

I never saw the erroneous statement, as I missed downloading it in th window before they issued the corrected statement.

Did anyone become temporarily richer from this savings statement error, like Uncle Pennybags in Monopoly?

There is a psychological barrier on me. I locked up the funds for only for a few bucks. I have to put in no less amount of time and effort than a $10,000 GIC

Every Monday for 12 months, buy 5 $100 GIC's, 1/2/3/4/5Yrs.

They now appear to be offering $100 GICs, in spite of the fact that their GIC 'Minimum Deposit' is still $1,000.

Go Figure⁉️

Dean

You asked. We listened. Now introducing $100 GIC's, exclusively at Oaken Digital - Starting October 9th!

Now there's an offer you can't refuse!!!

dougjp said

I find their website is the "organizer" in your case, and is way better than other banks I've seen. Just login to your account once a month (or more frequently) and it will clearly show upcoming expiries in different brown coloured text, and adds a "manage maturity instructions" click on arrow instead of the usual arrow for more information beside each GIC. I currently have 3 expiring in less than 30 days, and if I recall, my first e-mail notices of upcoming expiries arrived almost 30 days beforehand.  

There are some hidden gems in the Oaken Online Portal.

By default, the Account Summary is sorted by Account Name.

The GIC Section has 3 Headings: "Account Name", "Maturity Date" and "Fair Market Value". When you click on one of the Headings, you change the sort order and little arrows appear to indicate the order. Every time you click you reverse the order.

The Savings Accounts Section is also sortable although you're not likely to have 90 of those ...

Also, there is a "Customize Accounts" option under "Profile & Settings". There you can give accounts Nicknames. I always nickname our GIC's to better describe them. For example ...

OAKB Ind 01 24Mo
OAKB Jnt 01 36Mo
OAKT Ind 01 48Mo

Miked said
looks like Oaken just raised again‼️
wonder if this one will be retroactive...
No it won't. Oaken does not retroactively changes GIC rates anymore.

see my thread about this here
https://www.highinterestsaving.....new-rates/

4.5% reached... who would have thought just a couple weeks/months ago --oh well

Long Term GICs
Term Annual (%) Semi Annual (%) Monthly (%)
1 Year 3.80 3.75 3.70
18 Mon 3.85 3.80 3.75
2 Years 4.25 4.20 4.15
3 Years 4.30 4.25 4.20
4 Years 4.35 4.30 4.25
5 Years 4.50 4.45 4.40
Long-term GICs are non-redeemable...

chamnic said
…

So if they suddenly have a larger than anticipated influx of request for mortgage or business loans, they might need to get some cash quickly in order to fulfill those loans. that how I understand it, I might be wrong.

That's what can happen: More worthy loans approved than expected. Also, lower GIC deposits sold than expected.

Lenders don't have huge pools of idle funds to lend. Costly to be paying GIC interest on large amounts of funds parked in low yielding treasury bills.

GIC funds also have limited shelf life. In six months, that unlent money from a 2-year GIC only has 1½ years left before the GIC matures.

Lenders try to match the inflow of GIC funds with the outflow for approved loans.