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Oaken Financial
Savings account

Oaken Savings Account

Oaken Financial
Best for

A straightforward ongoing rate with no minimum and no promotional expiry.

Ongoing rate
2.8%
Monthly fee
None
Minimum balance
None

Rate verified August 3, 2026 · confirm with Oaken Financial before applying.

What this account could grow to

Pre-filled with the ongoing rate of 2.8%. Promotional rates don't last, so the ongoing figure is the honest basis for a long-term projection.

2.8%
5 yrs
Future value
$27,582
You put in
$25,000
Interest earned
$2,582
Growth over time
Yr 1
$13,322
Yr 2
$16,739
Yr 3
$20,253
Yr 4
$23,866
Yr 5
$27,582
Contributions Interest

Run the numbers

Compound interest calculator

Project what this balance becomes over time.

Inflation calculator

Check the rate is actually beating inflation.

TFSA contribution room

Hold it in a TFSA and the interest is tax-free.

GIC calculator

Compare against locking the money in instead.

Frequently asked questions

What interest rate does the Oaken Savings Account pay?

It pays 2.8% on an ongoing basis, with no promotional period to expire, which makes it easier to plan around than a teaser rate.

Are there fees or minimums on the Oaken Savings Account?

There's no monthly fee, and no minimum balance is required. Deposits are CDIC insured up to the applicable limits.

How current is this rate?

We last verified it on August 3, 2026. Rates on deposit accounts move frequently, so confirm the current figure with Oaken Financial before you apply.

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Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“Oaken Savings Account.” VaultNerd, https://www.vaultnerd.com/ca/savings-accounts/oaken-savings, updated August 2026.

Sources
  • Oaken Financial published product and rate pages
  • VaultNerd products database