During the holiday season, our Contact Centre will be available from 8:00am to 5:00pm on December 24th and 31st. We will be closed on December 25-26th and January 1st, 2025. Oaken Digital is available for all your self-service needs.
Did you know we have updated the terms and conditions on all existing investments starting January 22nd, 2025. Click here to learn more.
Be cautious of fraudulent activities. Oaken Financial will never initiate contact with customers to request transfers of funds by promising higher interest rates, nor will we ask for your account details or passwords. Always protect your personal and financial information and report any suspicious activity to us immediately at 1-855-625-3622.
We’ve hit a milestone in conservative investing – a 5 per cent return from guaranteed investment certificates.
TORONTO, June 24, 2022 – Oaken Financial, an online player in financials services, says it will offer 5 per cent for a five-year term starting Friday. The new rate for the one-year term seems a milestone as well: 4.05 per cent. Read more
Oaken Financial Increases Annual Interest Rate on Five-Year GIC to 4.00%
TORONTO, April 14, 2022 – Oaken Financial (“Oaken”), the direct-to-consumer brand backed by Home Bank and powered by Home Trust Company, today announced an increase in the annual interest rate on its five-year Guaranteed Investment Certificate to 4.00%*, effective April 14, 2022.
“This is the first time in over a decade that Canadians will have the option to invest their savings for five years at a 4.00% guaranteed rate,” said Mike Henry, Executive Vice President, Digital and Strategy at Home Trust. “Oaken is proud to be a leader in delivering value to savers in Canada.”
Oaken has grown to more than $4.4 billion in deposits through its focus on great value, simple solutions and serving customers in the way they want to be served. Read more
A sound alternative to taking a beating in bonds right now is to use guaranteed investment certificates instead. Now happens to be a great time to buy GICs.
GICs are used by banks and other financials to raise money for lending, including mortgages. It’s spring, peak season for home sales. And so, we’re seeing a more competitive GIC market than we’ve had in a while. You can see this in the rates available through digital brokers – aka online brokers. Read more
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Commercial applications can be downloaded here and mailed to us.
Or if you prefer to make an appointment to apply in person, you can do so by viewing our Oaken store locations. For more information, please email service@oaken.com or call 1-855-OAKEN-22 (625-3622) from Monday to Friday 8:00AM to 8:00PM EST and Saturday from 9:00AM to 5:00pm EST.
