To open an Oaken Finiancial account by mail, you need to do the following steps: If you are a new customer, you will need to provide your SIN (Social Insurance Number), two Identifications, a cancelled cheque & a personal cheque for $1 to verify your identity. Similar to its competitors (i.e. Accordingly, our registered funds tend to be at Oaken and Hubert. If you are interested, I’ll send it to you as soon as it is ready! Related: The Best Children’s Savings Accounts in Canada. https://online.oaken.com/cb/pages/jsp-ns/login-cons.jsp, For any questions or concerns, you can reach Oaken Financial Customer Support lines at 1-855-OAKEN-22 (625-3622), 8:00am to 8:00pm ET, Monday to Friday, or email service@oaken.com. Oaken Financial does not have a mobile app, but you can login to Oaken Financial using the link below. If you want to do all your banking in one place, Tangerine Bank and Wealthsimple may be more convenient. High Interest Savings Accounts – Promotional Offers And there are no limitations on the number of transactions you can make using your savings account. This is why banks such as Oaken Financials and Tangerine are able to provide their customers with better savings rates and provide chequing account services without any monthly or quarterly fees. In the Add a Transfer Section. Address: 200 Granville St #1288, Vancouver, BC V6C 1S4, Canada, Address: 517 10 Ave SW, Calgary, AB T2R 0A8, Canada, Address: Concourse Level, 145 King St W, Toronto, ON M5H 1J8, Canada, Address: 1949 Upper Water Street, Suite 101, Halifax, NS B3J 3N3. Oaken Financial is part of the Home Bank which is a subsidiary of the Home Trust Company which was founded in 1987. If you are looking for an online bank, then Oaken Financial can be a good choice because they offer high interest rates. except when there is an exceptional deal elsewhere that overrides the likely exit fee. This is what we ended up doing with our joint savings account, transferring our money from TD back into Scotiabank so we got 1.55% interest at the time of writing. Digital or Online banks have the advantage that they do not need to have physical addresses which reduces the cost and they are able to pass on some of this benefit back to the customer. Oaken Financial. © 2020 Enoch Media Inc. All Rights Reserved. This account comes with a $0 monthly account fee and unlimited transactions, including Interac e-Transfers. With interest rates taking another step down, if you do not qualify for a promotional offer you may want to check out EQ Bank’s 3 month GIC, which we mention below. In addition to savings and GICs, Tangerine also offers a credit card, investment funds, chequing account, and mortgages. This post may contain affiliate links. At Oaken, we offer one of the most bountiful savings accounts in the country. When looking for the best savings accounts that offer you all the facilities you need along with attractive interest rates and the minimum of fees and charges, you will want to compare the offerings of the best banks and financial institutions in Canada. Oaken Financial was launched in 2013 and is the direct banking arm of Home Bank which is a subsidiary of Home Trust Company. As of today, the interest rates they offer on savings are: EQ Bank: 2.00%; Tangerine: 2.80% (6 months promo rate and 0.25% after) Wealthsimple Cash: 0.90% plus other perks; Oaken Financial: 2.00%; The savings account at EQ Bank is a hybrid account that functions like a … GIC options available at Oaken Financial include: If you are interested in purchasing a GIC, compare GIC rates across multiple online banks to find the best rates currently available in Canada. Oaken Savings Account. As of today, the interest rates they offer on savings are: The savings account at EQ Bank is a hybrid account that functions like a combination of chequing and savings. Sign up now to join thousands of other visitors who receive our latest personal finance tips once a week. They also offer easy transfers from your savings account to an Oaken GIC, making it a convenient option if you already have an account with them. This is because your money is deposited with either Home Bank or Home Trust Company, both of which are members of CDIC. With Oaken, you can open your account four ways. But opting out of some of these cookies may have an effect on your browsing experience. From the From Account: drop-down list, click on the “big bank” from which you wish to … Assumes no additional deposits or withdrawals made. Motusbank is CIDC insured and offers 1.00% interest on their high-interest savings accounts. Log in to your Oaken Financial online banking account. Oaken Financial offers two types of accounts, the savings account and GICs. The Oaken savings account offers one of the highest daily interest rates at 1.25% with zero minimum balance and no monthly fees. You can open Oaken Financial account my mail or by visiting one of their physical stores. As Oaken Financial is an online bank, they have a very limited number of physical offices mainly in cities of Vancouver, Calgary, Toronto, Halifax. Interest rates depend on the term length you choose. Oaken offers one of Canada’s highest daily interest savings rates. Oaken Financial Oaken Savings Account: 1.25 % $ 62: Get this rate Compare all accounts: Steinbach Credit Union Regular Savings Account: 1.25 % Interest rate tiers . Click on the Transfer tab. There is no limit. The Oaken Financial Savings Account offers an interest rate the banks can’t match, with unlimited transactions and no monthly fee. Learn how your comment data is processed. You can download the full Oaken Financials Fees chart by visiting the link below. Since this product is widely available on the market, many brick and mortar banking locations offer HISAs, although the best value on your deposit will likely be offered by online-only banks. Unsurprisingly, the Oaken Savings Account has no monthly fees, no minimum balance requirement, and offers unlimited transactions. However, they also operate a few offices in Vancouver, Calgary, Toronto, and Halifax. The company, Oaken Financial was was launched in 2013 by Home Trust as has since gained high credibility as one of the best TFSA rates savings accounts in Canada. Do note Oaken Financial only offers a savings account and only investment options are GICs. There is also no account minimum. Us analyze and understand how you use this website their physical stores your website opting! Can check out other banks such as Tangerine s savings accounts – Promotional offers Oaken Financial does not have lower... 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