Oaken Financial GIC rates compared
Oaken Financial's best posted rate is 4.00% on a 3-year term. The best rate available in Canada for that term is 4.05%, from WealthONE Bank of Canada. Both are covered by deposit insurance.
Get Oaken GICsHow do Oaken Financial's GIC rates compare to the best in Canada?
On a 5-year term Oaken Financial posts 4.25% against 4.30% from WealthONE Bank of Canada, the best we track. Every term it publishes is compared the same way below.
| Term | Oaken Financial | Best in Canada | Gap | Leader |
|---|---|---|---|---|
| 1-year | 3.55% | 3.70% | −0.15 pts | WealthONE Bank of Canada |
| 2-year | 3.90% | 3.95% | −0.05 pts | WealthONE Bank of Canada |
| 3-year | 4.00% | 4.05% | −0.05 pts | WealthONE Bank of Canada |
| 4-year | 4.05% | 4.10% | −0.05 pts | WealthONE Bank of Canada |
| 5-year | 4.25% | 4.30% | −0.05 pts | WealthONE Bank of Canada |
Is Oaken Financial's GIC covered by CDIC?
Yes. Oaken Financial is a trust company deposit brand and a CDIC member, rather than a chartered bank, so an eligible GIC held here is protected to $100,000 per depositor, per insured category.
Federal. $100,000 per depositor, per member institution, per insured category.
Where do these Oaken Financial rates come from?
Directly from Oaken Financial's own posted rate page at oaken.com, read by hand on 2026-09-04. The page dates the rates themselves 2026-08-21.
All 5 terms Oaken Financial posts were captured in that read, including the 5 that carry a separate interest-paid-monthly rate. No aggregator, no feed, no affiliate link.
Oaken Financial's posted rates on oaken.comHow we collect and check ratesWho should buy a GIC from Oaken Financial?
People who already bank at Oaken Financial, mostly. It does not lead any term we track, so what is left is the convenience of not moving money, priced below.
Common questions about Oaken Financial GICs
What is Oaken Financial's minimum GIC deposit?
$1,000, at the top of the $100 to $1,000 range the 10 published minimums cover. It is the common figure rather than an unusual one: several higher-paying issuers ask the same.
Does Oaken Financial have the best GIC rate in Canada?
Not on a 5-year term. Oaken Financial posts 4.25% there, against 4.30% from WealthONE Bank of Canada: a gap of 0.05 points on the same term, for the same non-redeemable product. The table above runs the same comparison across all 5 terms.
Which GIC terms does Oaken Financial offer?
5 terms are posted on oaken.com, from 1 year to 5 years. The comparison table above covers the 5 annual terms where enough issuers publish a rate for a market comparison to mean anything.
Does Oaken Financial pay GIC interest monthly?
Oaken Financial posts a separate, lower rate for interest paid monthly on 5 of its terms: 4.150% at 5 years, against 4.250% compounded annually. Every figure on this page is the compounding rate, so a monthly-income GIC here pays less than the table shows.
Are these Oaken Financial rates promotional?
No. These are Oaken Financial's standard posted rates, which its own page dates 2026-08-21; we read them on 2026-09-04. Limited-time promotions are noted separately rather than used to move an institution up the ranking, because a promotional rate that expires before your term does is not a rate you can rely on.
How we collect and check ratesWhat would Oaken Financial's 3-year rate pay on your deposit?
On $50,000 it pays $6,243 in interest over the full term. Change the amount to see what that becomes on yours, then compare it against the leader.
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Independent and unaffiliated. Rates are read from Oaken Financial's own posted page at oaken.com and may change without notice. Educational information only, not financial advice. Published by Croton Holdings LLC. Corrections to daniel@crotoncontent.com.