Savings account rates
You'll find all of our current savings rates here. We take great pride in offering some of the highest savings rates in Canada, so that you can make the most of your hard-earned money.
| Type | Current rate (%) |
|---|---|
| Savings Account | 3.40 |
| TFSA Savings Account | 3.40 |
| RSP Savings Account | 3.40 |
| Spousal RSP Savings Account | 3.40 |
Each deposit is available through either Home Bank or Home Trust Company, both of which are separate members of CDIC.
The rates in the table have been in effect since October 11, 2024 .
Savings account rates
With our non-registered savings account, you’ll enjoy no fees and no minimum balance requirements. Also, there are no limitations on the number of transactions you can make using this type of savings account. For our registered savings accounts, there is also no minimum balance requirements but you will only have a set number of transactions that are free within a given period. Both types of savings accounts are eligible for CDIC coverage, up to all applicable limits, so you know your money is always safe.
1 Year
18 Month
2 Year
1 Y
18 M
2 Y
GIC
Are you an existing Oaken customer?
Other ways to open an account
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.