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39 posts · Joined 2013. #3 · Feb 7, 2014. Oaken financial is a relatively new bank created from Home Capital Group (TSE:HCG) . I suspect they are not on the CDIC website yet as they are very new. Their goal was to offer savings vehicles to individuals who have mortgages with HCG I believe... Reply Like.
The broker equivalent of a retail Oaken Financial GICs is a Home Trust GIC. That is the way it is for Equitable Group as well. EQ Bank is the retail GIC offering at 1.7% while Equitable Bank is the brokerage GIC offering at 1.56%.
16767 posts · Joined 2009. #20 · Mar 4, 2020. Home Trust does not sell GICs to the retail public directly. It's retail operation, Oaken Financial, does that. No different than Equitable Group where Equitable Bank sells only through broker channels and EQ Bank is the retail operation.
On Friday at 5:30 pm, I received a voicemail from someone at Oaken. He said he noticed that I had a cashable GIC, and why didn't I cash it out, and reinvest in one of their non-cashable 18 month GICs for a tenth of a percent more interest? These guys are a no frills type of bank. I have never...
Oaken Financial Jump to Latest 2K views 6 replies 5 participants last post by leeder Mar 19, 2020
opinions pleas on oaken financial. 3770 Views 14 Replies 6 Participants Last post by temp, Aug 13, ...
At BMOIL, interest rates on AAT770 (their HISA) were recently increased. Now 1.6% on C$ and 1.45% on US$. Initial investment is $1000 and after that $50. I never paid much attention to these savings accounts in past, because rates were so low. But recently sold a boat for $25k and needed a place to dock that money for a while.
Tangerine has different processes as you know. They are operating like an online digital banking platform, sort of like Simplii is to CIBC, or EQ Bank is to Equitable Bank, or Oaken Financial is to Home Trust. Added: My ex is an exclusive Scotiabank customer, i.e. she has no financial accounts anywhere else.
Does that mean that Oaken Financial could ultimately disappear from the landscape? We would have to wait and see later in 2023, after, if and when both HCG shareholders and OSFI approve the deal. Ignore list includes active members Beaver101, Farouk, sags, m3s, HappilyRetired
The joy of HISA money is it can be pulled at the first hint of trouble like what happened to Home Capital Group (Home Trust and Oaken Financial) in 2017 - a run on the bank. Added: Home Capital Group still has not recovered investment grade status on its subordinated debt but I think it now has BBB (or BBB-) on the deposit side of its business.