Commercial GICs

If you own a business, operate a not-for-profit or control the funds of your condo board, you know how important it is to have guaranteed savings.

Oaken GICs—the safe way to save for any organization

If you’re managing an organization, your first priority is to safeguard its finances. That’s where we come in. Our GICs are the perfect instrument for protecting principal, and ensuring this remains secure. And they’re available for any type of entity, such as:

The great advantage of our GICs is that they satisfy even the strictest financial requirements. From condo reserve funds to investments in a charity or trust, our GICs can help you discharge your fiduciary responsibilities, while benefitting from some of the highest deposit interest rates in Canada.

Security

Managing funds for a commercial entity is not like managing funds for yourself. You can’t afford to take any risks, and in some cases you’re legally prevented from doing so. That’s why our GICs are such a good fit. We’re backed by Home Bank, and powered by Home Trust Company, Canada’s largest independent trust company that has been proudly serving Canadians since 1987. And in addition to being very low risk, all Oaken investments are eligible for Canada Deposit Insurance Corporation (CDIC) coverage, up to applicable limits. So you’ll always sleep soundly knowing the funds are protected, and the money will be there when it’s needed.

Choice

Investing with Oaken offers more than just a safe harbour. We’re also known for our simple, straightforward investment options, and our GICs are a perfect example:

• Available in both short and long terms, from 30 days all the way up to 5 years

• Interest can be paid monthly, semi-annually, annually or at maturity

• Cashable or non-cashable options, for whatever suits the entity’s needs

• Two deposit issuers to choose from—Home Bank and Home Trust Company—both of which are separate members of CDIC

Top all that off with our Oaken Savings Account—offering one of the highest daily interest rates, with no monthly fees or minimum balances—and you’ve got everything you need to manage your organization’s money with full peace of mind.

Convenience

To save you time and make your life easier, you can manage your organization’s investments through Oaken Online Banking. With just a few clicks, you can take a look at current information any time of the day or night, from the comfort of wherever you want.

• Share separate online access with other authorized signatories

• Track balances and transactions

• Transfer funds to or from other institutions

• View and update the maturity instructions

• Use the powerful alert system to receive messages about balances, transactions and maturity dates

 

Ready to get started?