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Oaken to reduce GIC rates
August 14, 2024
2:50 pm
Rail Baron
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I'm glad that Hubert has kept its 5.25% quarterly rate in place this long. It really seems like an outlier - better than even the GIC brokers are offering at present. I've rarely seen that since I've been following GIC rates on this site.

As for Oaken, I'm certainly going to keep my savings accounts with them, with minimal balances. But they will need to do better on rates, relative to others, to get any GIC reinvestment from me.

August 14, 2024
3:31 pm
Dean
Valhalla Mountains, British Columbia
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.
Not to worry, Rail Baron

I'm guessing Oaken will be near the top of the GIC Rates Chart again, by Christmas. sf-wink

It's all part of the normal Ebb&Flow/Give&Take of the ever changing GIC Rates.

'Go With The Flow' sf-cool

    Dean

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

August 18, 2024
11:30 am
Alexandra
British Columbia
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Dean said
.
What a Difference a Day makes . . .

Oaken has fallen to the middle of the pack ... and look Whoz on Top now !

.
You can almost Hear the money being sucked out of Oaken right now (including mine). Oh well ... they'll eventually be back near the top.

    Dean

  

Did you go to Hubert with the matured Oaken Funds? Just wondering.sf-smile

August 18, 2024
2:47 pm
Dean
Valhalla Mountains, British Columbia
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    'Yes' (Hubert 2Yr GIC @ 4.80%) sf-laugh

But I had to Hold-My-Nose to do it, as I remain Very Unimpressed with the lack of functionality of their Half-Baked website section for Hubert accounts. In spite of this being 2024, you Still have to call-in to do just about Everything ❗ sf-confused

    Dean

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

August 18, 2024
3:43 pm
cgouimet
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Dean said

    'Yes' (Hubert 2Yr GIC @ 4.80%) sf-laugh

But I had to Hold-My-Nose to do it, as I remain Very Unimpressed with the lack of functionality of their Half-Baked website section for Hubert accounts. In spite of this being 2024, you Still have to call-in to do just about Everything ❗ sf-confused

    Dean

  

We can keep a secret. We won't tell.

sf-winksf-wink

CGO
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