Rate increase for 2 and 5 years GICs | Oaken Financial | Discussion forum

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Rate increase for 2 and 5 years GICs
May 6, 2025
8:10 am
Jon
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Please note that effective Tuesday, May 6th 2025, we will be increasing the interest rate for Oaken long-term GICs as noted below:

Long-term GICs:

2 Year GIC – 3.70% (previously 3.60%)
5 Year GIC – 3.80% (previously 3.65%)

The new GIC rates will be applied automatically for all corresponding GICs booked on Tuesday, April 29, 2025 or later.

May 6, 2025
9:07 am
Dean
Valhalla Mountains, British Columbia
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Interesting ⬆ ... two new interest rates, going in the '+' direction❗ sf-laugh

    Dean

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

May 6, 2025
9:11 am
AltaRed
BC Interior
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It is a reflection of the bond market..as it should be. There is an expectation of higher inflation going forward with all these tariff and market constraints.

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