CDIC coverage
Covered up to Up to $100,000 per person if Oaken Financial fails.
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GIC · Canada
Oaken Financial
1-Year Non-Registered GIC
3.35%
AER · fixed rate
- Min. Deposit
- $1,000
- Term
- 1 year
- Protection
- CDIC coverage
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What $25,000 Earns You
At 3.35% AER over 1 year. Take the interest once a year, or leave it in to compound.
| You Deposit | $25,000 |
|---|---|
| Paid Once a Year | $838 |
| Total Interest | $838 |
| Balance at the End | $25,838 |
Each $838 interest payment is paid to you directly, and $838 is what they add up to over the term. The figure at the end is your initial investment of $25,000 paid back plus your final interest payment.
| You Deposit | $25,000 |
|---|---|
| Total Interest | $838 |
| Balance at the End | $25,838 |
No interest is paid out to you during the investment period, so your final return will include your initial investment of $25,000 plus $838 interest.
Where You Stand
Product Details
- Type
- GIC
- Term
- 1 year
- How Interest Is Paid
- Once a year Left to compound
- Min. Deposit
- $1,000
- Protection
- CDIC coverage
- Coverage
- Up to $100,000
- Region
- Canada
Eligibility & Details
- Non-redeemable.
- CDIC eligible via Home Bank or Home Trust Company.
Compare Canada is a comparison site, not a financial adviser. Figures use a $25,000 example at 3.35% over 1 year, compounded annually where shown. Confirm all terms with Oaken Financial before you commit.
3.35%
AER fixed
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