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 December 14, 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

3.10%

3.60%

EQ Bank 3.10% 3.60%
Implicity Financial 3.10% 3.50%
Simplii Financial 3.10% 3.50%
Tangerine 3.10% 3.50%
Wealth One Bank of Canada 3.00% 3.50%
AcceleRate Financial 2.85% 3.50%
DUCA Credit Union 2.80% 3.15%
Motive Financial 2.80% 3.45%
Canadian Western Bank 2.60% 3.25%
People’s Trust 2.60% 3.25%
Manulife Bank 2.55% 3.27%
First Calgary Financial 2.50% 3.25%
ICICI Bank Canada 2.05% 2.70%
Meridian Credit Union 2.00% 2.60%
Vancity 2.00% 2.60%
RBC Royal Bank 1.65% 2.20%
FirstOntario Credit Union 1.60% 3.50%
TD Canada Trust 1.45% 2.20%
BMO Bank of Montreal 1.40% 1.80%
Desjardins 1.40% 2.00%
National Bank 1.40% 2.00%
Zag Bank 1.25% 1.80%
Scotiabank 1.20% 1.60%
HSBC Canada 1.00% 1.60%
CIBC 0.55% 1.05%

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