Retail deposit direct rates

Non-redeemable Wyth Financial GICs are no longer available for purchase, effective November 2, 2022. GICs acquired on our digital banking platform prior to this date will continue to be serviced until maturity and the financial terms will be honoured.

Non-redeemable GICs purchased directly from Concentra Bank, without the assistance of one of our referring agents, are no longer available. Please contact our customer success team at 1.800.788.6311 for any questions.

GICs, previously acquired through our direct manual process, will continue to maturity and the financial terms honoured. If your Concentra Bank GIC is set to automatically renew, it will be done at the following rates: 
 

• Minimum applies to each deposit.
• Rates and minimums subject to change without notice.
• Interest accrues on every dollar the day your account becomes active, subject to account limits and applicable interest rates.
• For HISA, interest is calculated daily on the total closing balance and paid monthly, up to the account limit of $150,000, based on the rates per annum, as offered. Interest rates are expressed annually and may vary from time to time. No interest will be paid on amounts over the account limit of $150,000.
• For GIC, interest is calculated daily on the total closing balance and is paid annually, on maturity or at the time of redemption. Interest rates are expressed annually as a percentage of the deposit and are guaranteed for the term of the deposit. No interest is earned on the maturity date. GIC terms of one year or longer, for interest calculation, the year is treated as 365 days for all and is compounded and/or paid annually.
• View your Wyth Deposits Disclosure.
• View your Wyth Personal Deposits Agreement.