Oaken Financial - Non-registered GICs

Guaranteed Investment Certificates (GIC) provide a secure option when it comes to your savings. Your principal and interest rate are guaranteed, so you know your money will be there when you need it.

Choice, flexibility and security with non-registered GICs

At Oaken, we offer several different types of GICs, so it’s easy to find one that’s just right for you. Here’s what you can expect with an Oaken GIC:

Many options to choose from: Our terms range from 30 days to 5 years, and are available as cashable and non-cashable GICs
Flexible payment schedules: Choose the interest payment schedule that suits your needs best – whether that’s monthly, semi-annually, annually or at maturity
Security: Our GICs are eligible for Canada Deposit Insurance Corporation (CDIC) coverage, up to applicable limits, so your savings are protected and your money will be there when you need it
Select from two issuers: Home Bank and Home Trust Company, both of which are separate members of CDIC
Great rates: Our GIC rates are among the highest available
Deposit a little or a lot: The minimum deposit is $1,000

Is a GIC right for you?

Because GICs offer a range of benefits and options, just about anyone can consider them as part of their savings and investment plan. Here are some questions you can ask yourself if you’re not sure whether they’re the right fit for you:

What are you trying to do?	How we can help
I’m saving for a specific short-term goal	Our short-term GICs range from 30-365 days. Choose a cashable GIC for extra flexibility.
I’m saving for a long-term goal, like retirement	Our long-term GICs range from 1-5 years, and offer some of the best rates available.
I’m just saving – not sure what for yet	Our cashable GIC options let you access your money when you need it – whenever that might be! – from as early as 30 days.
I’ve maximized my RRSP and/or TFSA contribution room, and need somewhere to put my extra savings	Deposits up to $100,000 are covered by the Canada Deposit Insurance Corporation (CDIC), so your extra savings will always be protected.
I have money in other higher-risk investments	The security of our non-registered GICs provide a great complement to any investment portfolio.
I’m retired and want to have control over my savings	Our GICs come in a variety of terms and interest payment frequencies, putting you in control of how much you want to come due and when, keeping your cash flowing the way you need. Our Retirement Income Fund (RIF) is a perfect way to manage your retirement savings.