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  • Retail deposit direct rates

Retail deposit direct rates

Retail deposit direct rates

Effective date: March 21, 2023
  • HISA
  • Wyth GIC long term - digital channel
  • Concentra Bank GIC long term
  • Registered plan long term
  • Variable rate deposit
  • Important notes about this bulletin

On this page

  • HISA
  • Wyth GIC long term - digital channel
  • Concentra Bank GIC long term
  • Registered plan long term
  • Variable rate deposit
  • Important notes about this bulletin

HISA

Rate 1.00%



 

Wyth GIC long term - digital channel

(Non-redeemable)

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.

1 year 0.00%
18 month 0.00%
2 year 0.00%
3 year 0.00%
4 year 0.00%
5 year 0.00%

 

Minimums Annual interest frequency
GIC $1,000
Paid or compounded

 

Concentra Bank GIC long term

(Non-redeemable)

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: 
 

1 year 4.80%
2 year 4.45%
3 year 4.20%
4 year 4.10%
5 year 4.05%

 

Registered plan long term

(Non-redeemable)

Please contact our customer success team at 1.800.788.6311 for assistance.
1 year 4.80%
2 year 4.45%
3 year 4.20%
4 year 4.10%
5 year 4.05%

 

Minimums Annual interest frequency
RESP $500
Compounded
RDSP $500
Compounded
RRIF $5,000
Compounded
RRSP $1,000
Compounded
TFSA $1,000
Compounded

 

 

 

 

 

Variable rate deposit

Rate 0.15%

 

Minimums

  New Lump sum deposit Scheduled electronic deposit (biweekly or monthly)
GIC Not available — —
RESP No minimum $100 $25
RDSP No minimum $100 $25
RRIF $5,000 $500 —
RRSP $100 $100 $25
TFSA $500 $500 — 

 

 

 

 

 

Important notes about this bulletin

  • 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

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Concentra Bank is a member of CDIC. Wyth Financial is a trade name of Concentra Bank.

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