"Oaken Online Banking is a natural evolution for us," said Benjy Katchen , Vice President of Deposits. "By combining the ultimate in convenience with state-of-the-art security, it fulfills our promise of smooth, hassle-free banking, with no teaser rates or special promotions that only apply to new customers. Now, Oaken customers with an internet connection can truly bank wherever they want, whenever they want."

Oaken Online Banking provides customers with a full array of convenient features, from tracking transactions and account balances to transferring funds and redeeming GICs. It also permits them to download transactions to financial planning software to better manage their personal finances.

In keeping with Oaken's commitment to guarding its customers' personal and financial information, Oaken has made security its top priority. "We employ advanced encryption and browser protection, comprehensive email alerts, as well as secure login and automatic logout," continued Mr. Katchen.

Setting up Oaken Online Banking is simple: customers can email Oaken at service@oaken.com or call 1-855-625-3622 between 8 a.m. and 8 p.m. ET , Monday to Friday, to receive an enrollment number by mail.

The launch of Oaken Online Banking complements the recent introduction of the Oaken Savings Account, which currently pays 1.75%, with no strings attached. This account offers one of the highest savings rates available among CDIC-insured financial institutions, mirroring Oaken's market-leading rates on GICs. Together these initiatives represent Oaken's ongoing aim of becoming the leading alternative for Canadians to securely save and invest their money.