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 GIC 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 May 16, 2018, 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.

 

Institution

1 Year GIC

5 Year GIC

Oaken Financial

2.80%

3.40%

EQ Bank 2.76% 3.36%
Implicity Financial 2.50% 3.10%
People’s Trust 2.50% 3.15%
Simplii Financial 2.50% 2.75%
Tangerine 2.50% 3.00%
Motive Financial 2.48% 3.47%
AcceleRate Financial 2.40% 3.10%
Canadian Western Bank 2.28% 3.27%
Vancity 2.25% 2.60%
DUCA Credit Union 2.15% 3.15%
First Calgary Financial 2.05% 2.75%
FirstOntario Credit Union 2.00% 2.50%
Meridian Credit Union 2.00% 2.60%
Manulife Bank 1.90% 2.80%
RBC Royal Bank 1.20% 1.60%
Zag Bank 1.20% 2.00%
ICICI Bank Canada 1.10% 1.80%
HSBC Canada 1.00% 1.60%
TD Canada Trust 1.00% 1.60%
Desjardins 0.90% 1.55%
National Bank 0.90% 1.60%
Bank of Montreal 0.85% 1.25%
Scotiabank 0.85% 1.25%
CIBC 0.55% 1.25%

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