Skip to main content

August 16 early morning upgrade to online/mobile banking

Please note that some online banking services will be temporarily unavailable on Tuesday, August 16, 2022 from 4:00 – 8:00 AM ET, as we upgrade to serve you better. 

Main navigation

  • Personal
    • Mortgages
    • Savings
    • Investments
    • Life moments
      • Care for parents solutions
      • Divorce forward solutions
      • Retire in comfort solutions
    • Learn
      • Mortgage prepayment calculator
      • GIC savings calculator
      • Ways to bank
  • Commercial
  • Partners
    • Our partners
  • Credit unions
  • Trust
    • Trust FAQs
  • About us
    • Careers
    • Investor relations
      • Annual results
      • Disclosures
      • Quarterly results
      • Ratings
    • Our story
      • Social responsibility
    • Governance
      • Board of Directors
      • Committees
      • Governance practices and policies
    • Leadership
    • Media
  • Sign up
  • Sign in
    • Personal online banking
    • Partner portal
    • Mortgage servicing
    • MemberDirect for business
    • Wyth FX
Menu

Breadcrumb

  • Retail deposit direct rates

Retail deposit direct rates

Retail deposit direct rates

Effective date: July 15, 2022
  • HISA
  • GIC long term
  • Registered plan long term
  • Variable rate deposit
  • Important notes about this bulletin

On this page

  • HISA
  • GIC long term
  • Registered plan long term
  • Variable rate deposit
  • Important notes about this bulletin

HISA

Rate 2.25%

 

GIC long term

(Non-redeemable)

1 year 4.30%
18 month 4.25%
2 year 4.55%
3 year 4.60%
4 year 4.65%
5 year 4.75%

 

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

 

Registered plan long term

(Non-redeemable)

Our registered products are not available to purchase through our digital banking platform. Please contact our customer success team at 1.800.788.6311 for assistance.
1 year 4.30%
18 month 4.25%
2 year 4.55%
3 year 4.60%
4 year 4.65%
5 year 4.75%

 

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
  • Odd month terms are also available
  • * indicates change 
  • 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.

Footer about menu

  • About us
  • Careers
  • Contact

Footer contact menu

  • News
  • Privacy
  • CDIC member

Footer legal menu

  • Accessibility
  • Legal
  • Security

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

© Concentra Bank, 2022

Close

Welcome to our new website

It appears you are using Internet Explorer to browse our site. We strongly recommend downloading one of these free, up-to-date browsers and return to enjoy the full browsing experience. Recommended browsers include:

  • Google Chrome
  • Firefox