Oaken in the news

Press releases

• 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

• CFF Bank changes its name to Home Bank – July 21, 2016
• Home Trust Company completes acquisition of CFF Bank – October 1, 2015
• Home Trust Company to acquire CFF Bank – August 10, 2015
• Oaken new stores aim to educate, inspire and engage – June 26, 2015
• Canadians 55+ don’t know if their bank is giving best deal – November 20, 2014
• Oaken launches Online Banking service – June 17, 2014
• Home Trust launches Oaken Financial – December 11, 2013

Published articles

• Rob Carrick: DIY investors, it’s go-time for buying GICs. Yes, GICs. - The Globe and Mail
  

  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

• Best GICs of 2018
  Ratehub (May 22, 2018)
• Top Canadian GICs, Chequing, and Savings Accounts of 2017
  Ratehub (February 6, 2018)
• A lesson learned from the lure of a high-yield return
  Toronto Star (July 27, 2016)
• Changing times: How some banks are encouraging you to save
  Globe & Mail (July 2, 2015)
• Banking on Millennials
  LinkedIn Pulse (June 26, 2015)
• Second Canadian Oaken Financial store opening in Calgary
  Calgary Herald (June 24, 2015)
• GICs vs. Savings Bonds
  Ratehub (May 26, 2015)
• Who to Bank With: It’s Your Choice
  Ratehub (May 18, 2015)
• Oaken Financial Adopts Cafe Banking Concept
  RateSupermarket (May 13, 2015)
• Oaken Financial aims to make saving a walk in the woods
  Toronto Star (May 11, 2015)
• How to Beat the Bank and Boost Your GIC Return
  Ratehub (April 16, 2015)
• How to Buy a GIC Online from Oaken Financial
  Financial Crooks (April, 2015)
• How to Grow Your Bank Account in 10 Easy Steps
  BrazenWoman (March 9, 2015)
• Best of Finance 2014: Best Bank Accounts in Canada
  RateSupermarket (December 22, 2014)
• Is a Free Tablet Worth Switching Banks For?
  RateSupermarket (November 26, 2014)
• Home Trust Introduces New Savings and GIC Brand Oaken Financial
  RateSupermarket (December 12, 2013)
• Shopping around pays off in long run
  Winnipeg Free Press (November 21, 2014)