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Oaken Financial GIC review
Consistently near the top of the GIC tables, with CDIC coverage across two sister issuers.
By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Aug 11, 2026 Fact checkedEditorial integrity
The bottom line
Consistently near the top of the GIC tables, with CDIC coverage across two sister issuers.
SCFinance score4.5
OF
Oaken Financial GIC
- Interest rate
- 4.00% (5-year term)
- Term
- 60 months
- Minimum to open
- $1,000
Pros
- ✓ Competitive posted rates
- ✓ CDIC coverage
- ✓ Registered and non-registered options
Cons
- ✕ $1,000 minimum
- ✕ Funds locked for the term
Details
- Minimum deposit
- $1,000
- Terms
- 1-5 years
- Redeemable
- No
What you get
- Terms from 1 to 5 years
- CDIC insured up to $100,000 per issuer