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Learning, Sharing, and Teaching => Investor Alley => Topic started by: Heckler on May 01, 2017, 01:31:37 PM

Title: Oaken (Canada). 1 billion on credit line. Yikes!
Post by: Heckler on May 01, 2017, 01:31:37 PM

http://www.cbc.ca/beta/news/business/home-capital-monday-1.4093202

I see the occasional post about having or getting high interest saving account at Oaken, which I have steadfastly ignored.

FYI for you Oaken customers, although you likely already know.

Title: Re: Oaken (Canada). 1 billion on credit line. Yikes!
Post by: NorthernDreamer on May 02, 2017, 11:19:43 AM

I am glad I didn't get a high interest GIC with them...

Title: Re: Oaken (Canada). 1 billion on credit line. Yikes!
Post by: meghan88 on May 02, 2017, 12:35:49 PM

Yikes is right.  I keep my HISA at Alterna ... though they just lowered their rate from 1.95% to 1.9%.  https://www.highinterestsavings.ca/chart/