better choices made
to Canada’s top financial institutions
The best overall GICs in Canada
About Oaken Financial
Oaken Financial provides banking alternatives as a direct-to-consumer business. Its parent company, Home Trust, is Canada’s largest independent trust company. The company provides premium GIC rates. Oaken’s GICs can be purchased online, over the phone, or at one of its branches. Currently, Oaken Financial has branches in Toronto, Vancouver, Calgary and Halifax.
Oaken Financial's GIC rates
Oaken Financial currently offers the highest rates on non-registered GICs, which can be purchased by opening an account. The GIC term lengths vary between 30 days and 5 years. If you want to receive the interest before maturity, you can choose whether you want interest payments to be made to you monthly, semi-annually or annually. Lastly, the investment in any non-registered GIC must be at least $1,000. Oaken also offers cashable GICs, which offer slightly lower rates than its non-redeemable GICs. Additionally, you can also purchase registered GICs in a registered retirement income fund (RRIF), tax-free savings account (TFSA), or registered retirement savings plan (RRSP). These registered GICs also have competitive rates but the minimum investment increases to $2,500.
Compare other Oaken Financial products
Not only does Oaken Financial offer the most competitive non-registered GIC rates, but it also provides premium savings rates through the Oaken Savings Account.
Mikael is a Senior Business Manager at Ratehub.ca and the driving force behind our Everyday Banking Team. He knows everything there is to know about the best credit cards and bank accounts, and works closely with Canada’s top financial institutions - from banks to credit unions - to help ensure our over 1,200,000 monthly users get matched with the right plastic. A numbers guy at heart, having worked as a strategy consultant at the Boston Consulting Group, he’s found himself right at home as a personal finance expert at Ratehub.ca.read linkedin bio
Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.
When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place.
Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.
How does Ratehub.ca make money?
Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.