A Competitive Alternative for Canadians to Manage Their Savings
TORONTO, Dec. 11, 2013 /CNW/ - Home Trust, a wholly owned subsidiary of
Home Capital Group Inc. (TSX:HCG), has launched a new direct to
consumer brand, Oaken Financial, offering a line of consumer deposit products, including Guaranteed
Investment Certificates (GICs) and a new Oaken Savings Account.
Home Trust is a member of Canada Deposit Insurance Corporation (CDIC),
and Oaken Financial is a trademark of Home Trust. All Oaken deposits
are issued by Home Trust and insured up to the applicable limits.
The Oaken Savings Account offers a competitive daily interest rate
(currently 1.65%), no monthly fees, no transaction limits and requires
no minimum balance. In addition, customers can easily transfer money to
and from accounts at other Canadian financial institutions.
Oaken Financial also offers a competitive suite of non-registered GICs
to personal and commercial customers, and registered plans that include
RSPs, TFSAs and RIFs.
"The introduction of Oaken is part of Home Trust's efforts to provide
customers with a secure alternative to managing their savings
independently," said Martin Reid, President, Home Trust. "We want to
offer our customers choice, respect and simplicity. Consumers today are
also looking for better value and Oaken Financial offers some of the
best rates in Canada," he added.
The transition from Home Trust to Oaken will be seamless for existing
direct deposit customers. Information is available online at www.oaken.com, by phone at 1-855-OAKEN-22 (625-3622), and at branch offices in
Toronto, Vancouver, Calgary and Halifax.
In early 2014, Oaken will introduce online banking, which will allow
customers to view their deposit and savings account information
anytime, transfer money to and from other financial institutions, and
easily monitor balances and transactions in their Oaken accounts.
For more information about Oaken Financial, visit www.oaken.com. Oaken is also on Facebook: facebook.com/OakenFinancial and Twitter: @oakenfinancial.
About Home Capital Group Inc. and Home Trust
Home Capital Group Inc. is a public company, traded on the Toronto Stock
Exchange (HCG), operating through its principal subsidiary, Home Trust
Company. Home Trust is a federally regulated trust company offering
deposits, residential and non-residential mortgage lending,
securitization of insured residential first mortgage products, consumer
lending, Visa and payment card services. Licensed to conduct business
across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia, Quebec and Manitoba. Oaken Financial is a
trademark of Home Trust. All rights reserved. Home Trust is a member of
CDIC. Visit www.homecapital.com and www.hometrust.ca.
SOURCE: Home Capital Group Inc.
For further information:
Gerald M. Soloway, CEO, or
Martin Reid, President