Eligible for CDIC coverage
Everything you need to keep your hard-earned money safe, and working for you
One of the highest daily interest rates in Canada, with no minimum balances.
You can easily transfer money from your account to an Oaken GIC, so it’s easy to take your saving to the next level.
If you have Oaken GICs, it’s easy to transfer matured balances to your savings account.
Access your money whenever you need it.
Choose either Home Bank or Home Trust Company as the issuer for each account, both of which are separate members of CDIC.
With Oaken Digital Banking, you’re also able to check your balances and manage your account with just a few clicks.
Why you should have a savings account
A savings account may seem a little old-fashioned when you consider all the options available today, but it can still be an important part of your overall financial planning. Here’s just a few reasons why you should have a savings account:
Safeguard your savings
Like our Guaranteed Investment Certificates (GICs), the funds in your savings account are eligible for CDIC insurance coverage. When you open each account, you’ll have the option to choose either Home Bank or Home Trust Company as the issuer. Both entities are separate CDIC members, so you can relax knowing that your funds are fully protected by CDIC insurance coverage (up to applicable limits), so your money will always be there when you need it.
*The savings account interest rate is annualized, current as of today's data, and subject to change without notice. Interest is calculated daily and paid monthly.
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 email@example.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.