Savings account rate down to 1.50% on July 15 | Oaken Financial | Discussion forum

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Savings account rate down to 1.50% on July 15
July 14, 2020
12:23 pm
GR
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Savings account interest rate down again to 1.50% July 15.

July 14, 2020
1:53 pm
Dean
Slocan Valley, West Kootenays, BC.
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GR said
Savings account interest rate down again to 1.50% July 15.  

Yup ... I just got that ^ email too. I drained my Oaken SA about 2 months ago ... and now it's going to stay that way.

On the Up-side though, their 18 month GIC is still @ 2.10%. sf-smile

Interesting times, for sure ❗

    Dean

sf-cool " Live Long And Prosper " sf-cool

July 14, 2020
2:09 pm
AltaRed
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It appears they are discouraging liquidity in favour of term deposits. Is HCG struggling again and do not want to risk another run on the bank?

July 14, 2020
8:27 pm
Bud
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They didnt give much notice on the savings rate change a days notice. The same may be for their other rates

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