5 year GIC - 2.00% guaranteed interest
- Deal Link:
- 2.0 %
- Oaken Financial
Is one of the few banks that have a "comparatively high" interest rate GIC (Guaranteed investment certificate).
2.0% - 5 Year - Guaranteed GIC is a Deal right now.
I've been following the rates very closely and everyone is rushing down to Zero interest. Oaken reduced most of their other rates yesterday but kept the 5Y GIC rate (For now) at 2.0%.
Something interesting about Oaken is that they have 2 entities that are part of CDIC insurance ( https://www.cdic.ca/ ) so you can get double the insurance coverage for your savings.
Again, 2.0% doesn't seem like much but it's guaranteed.
Reason: Unnecessary title