Home Trust Launches its Direct to Consumer Brand: Oaken Financial
A Competitive Alternative for Canadians to Manage Their Savings Independently
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.
Gerald M. Soloway, CEO, or Martin Reid, President 416-360-4663
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CO: Home Capital Group Inc.
NI: FIN NP
-0- Dec/11/2013 21:30 GMT
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