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Eligible for CDIC coverage

Some of the best GIC rates available

Our interest rates are among the highest in Canada. You can also hold Oaken GICs within either a registered or non-registered plan. This means you can enjoy the combination of guaranteed principal and the opportunity to securely build your savings over time.


GIC rates

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Why invest in a GIC?

Guaranteed Investment Certificates (GIC) offer a safe way to invest your money, because your principal and interest rate are both guaranteed. This makes GICs a great choice if you’re looking for a secure place to keep your savings. Oaken GICs give you the opportunity to build your savings on your terms, with flexible options that put you in control of your money. With our GICs, you’re in the driver’s seat:

We offer a variety of terms ranging from 30 days to 5 years, so it’s easy to find one that matches your timeline

You can select from two issuers for each deposit – Home Bank and Home Trust Company – both of which are separate members of CDIC

It’s up to you how often you want to receive interest payments – monthly, semi-annually, annually or at maturity (for terms of one year or more)

Choose between having flexible access to your money, or locking it for a set time period

What GICs are right for you?

There are many different types of GICs to choose from, so it’s easy to find one that fits your particular savings goal, whether it’s for retirement, for a major purchase or expense, or if you simply need to keep your money safe for a certain period of time. Our range of GIC options are available in both Registered or Non-registered plans. Click to learn more about each one.

Offers the security and guaranteed growth of a GIC and has more flexibility than registered plans.

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The flexibility and simplicity of TFSAs makes it a smart choice for various savings needs.

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Save for retirement while taking advantage of the tax benefits that come with contributing to an RSP.

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A retirement income option that gives you security and control.

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A great instrument for protecting principal, and ensuring it remains secure.

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Invest in security

All Oaken GICs are eligible for the Canada Deposit Insurance Corporation (CDIC) coverage through either Home Bank or Home Trust Company, up to applicable limits, so your savings are protected and your money will be there when you need it.

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The Oaken Financial promotional interest rate offer (the “Offer”) is available between 12:00am Eastern Time on June 2, 2026, and 11:59pm Eastern Time on June 23, 2026. By applying for or funding a GIC under the Offer, you agree to be bound by these terms and conditions (these “Terms”). These Terms supplement and form part of, and are to be read together with, the deposit account and GIC agreements, disclosures and other terms that otherwise govern your account and GIC.

The Offer provides an annual interest rate of 3.75% on a non-redeemable GIC with a 15-month term and a minimum deposit of $1,000. This is available for non-registered plans, RRSPs, and TFSAs. Interest is calculated on a per annum basis. Selecting an interest payment frequency other than “Annual” or “Annual compound”, may result in a lower rate. 

The Offer is exclusively valid for personal customers who are new or existing Oaken Digital users, and applies to GIC investments opened and funded during the Offer period via Oaken Digital by selecting the promotional GIC offer. The promotional GIC must be funded from an existing account linked to your profile or by adding a new external account. This Offer is not available to commercial customers and does not apply to GICs initiated through non-digital channels (i.e. via phone or in person), or GICs set up within locked-in RRSPs and RRIFs. 

The Offer applies to all new personal GICs, both registered and non-registered. If your GIC is set up with maturity instructions to renew the principal or both principal and interest, the funds will automatically renew into a standard 1-year term GIC at maturity unless alternative instructions are provided before the maturity date. Any renewed GIC will earn interest at the rate then in effect for the applicable standard term and will not earn the promotional rate. The promotional rate applies only to the initial term of the eligible GIC and is not transferable or redeemable for cash. The Offer cannot be combined with any other offer, promotion or rate special unless we expressly state otherwise. You are responsible for any taxes payable in respect of any interest earned.

The Offer period and interest rate are subject to change without notice. We reserve the right, in our sole discretion and to the extent permitted by applicable law, to amend, suspend, withdraw or terminate the Offer, or to modify these Terms, at any time without notice. Any change applies prospectively and does not affect the rate or term of a GIC already issued under the Offer. Other conditions apply.  Review the full Terms and Conditions available at oaken.com/legal/.

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