Our competitors’ rates

We appreciate you have much better ways to spend your time than foraging around to compare our rates with everyone else’s. So we’ve done the hard work for you.

Take a look, and see for yourself

Lots of financial institutions say their savings rates are great, or competitive, or even among the best around. But at Oaken, when we say our rates are some of the highest available in Canada, we really do mean it. What’s more, we’re also happy to prove it.

The table below lists a sample of rates for many of the other alternatives you have when it comes to saving your money. The rates shown are as posted on their respective websites on March 11, 2019, and are subject to change at any time. These are all based on their standard non-registered and non-redeemable GIC with annual compound, and have been ranked by the rate for a 1 Year GIC.

To view a full list of all our current rates, click here.

 

Institution

1 Year GIC

5 Year GIC

Savings

Oaken Financial

3.00%

3.40%

2.30%

AcceleRate Financial 3.00% 3.50% 2.40%
Implicity Financial 3.00% 3.50% 2.40%
People’s Trust 2.95% 3.45% 2.00%
Wealth One Bank of Canada 2.95% 3.45% 2.30%
DUCA Credit Union 2.80% 3.50% 1.60%
EQ Bank 2.70% 3.20% 2.30%
Simplii Financial 2.60% 2.95% 1.25%
Tangerine 2.60% 2.90% 1.25%
Motive Financial 2.58% 2.97% 1.50%
First Calgary Financial 2.50% 3.25% 1.35%
Canadian Western Bank 2.46% 3.00% 1.25%
Manulife Bank 2.25% 2.65% 1.50%
ICICI Bank Canada 2.05% 2.70% 1.35%
Vancity 2.05% 2.60% 0.80%
Meridian Credit Union 2.00% 2.60% 1.50%
RBC Royal Bank 1.65% 2.20% 1.05%
FirstOntario Credit Union 1.60% 3.00% 1.50%
TD Canada Trust 1.45% 2.20% 1.20%
BMO Bank of Montreal 1.40% 1.80% 0.95%
Desjardins 1.40% 2.00% 1.05%
HSBC Canada 1.40% 2.20% 1.25%
National Bank 1.40% 2.00% 1.05%
Zag Bank 1.25% 1.80% 1.65%
Scotiabank 1.20% 1.60% 1.05%
CIBC 0.55% 1.05% 1.20%

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