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New CDIC information - EQ?
May 31, 2023
4:57 am
canadaquestions
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May 31, 2023
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Hello,

We established before Neo was insured by Concentra, it still says so on their home page. That then became Wyth, which has now been joined with EQ.

Is Neo still CDIC insured? If so, which bank does it fall under now? EQ? I cannot find this information.

Thanks!

May 31, 2023
7:32 am
AltaRed
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Assuming https://www.cdic.ca/your-coverage/list-of-member-institutions/ is updated in real time, Wyth is still covered under Concentra Bank as a separate CDIC member to EQ.

May 31, 2023
8:06 am
Norman1
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Concentra Bank is still Concentra Bank.

Concentra Bank never became Wyth. Wyth was just a brand name Concentra Bank used for a line of direct-to-consumer deposits and mortgages.

Equitable Bank now owns Concentra Bank. But, Concentra Bank hasn't been amalgamated with Equitable Bank and is still a separate bank.

May 31, 2023
12:43 pm
canadaquestions
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Thanks everyone, I emailed Wyth and confirmed the same. Neo is still insured under Concentra. Wanted to clarify and appreciate the consistency. Thanks!

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