Wyth High Interest Savings Accounts are closing on May 2, 2023 | Wyth Financial (formerly Concentra Bank) | Discussion forum

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Wyth High Interest Savings Accounts are closing on May 2, 2023
January 30, 2023
7:35 am
Norman1
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Received notice this morning that the Wyth savings accounts are closing May 2.

Your HISA account will be closed by Wyth Financial on May 2, 2023.
…

Please transfer the funds in your existing Wyth HISA via Interac e-Transfer® or to one of your online linked accounts before May 1, 2023. If you need assistance doing this, please contact us through the online platform, at 1.800.… or answers@wyth.ca.

January 30, 2023
11:48 am
Dean
Valhalla Mountains, British Columbia
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.
It's all part of the process they stated, back in early November . . .

.
Wyth Financial will soon be no-more.

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

January 30, 2023
2:52 pm
Deemkay
Winnipeg
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Quotes from email received today

"We also mentioned we would be making changes to your Personal Deposit Agreement "

"When your GIC reaches its maturity date, we will pay out your principal amount and accrued and unpaid interest and again send you a cheque to the mailing address that we have on file. This will replace any maturity or renewal instructions previously provided to us or described in your initial GIC confirmation."

"In the new PDA, we limit our responsibility for funds lost in transit or in standard mail."

So they changed the PDA without consultation, will send payments by cheque only, and will not be responsible for funds lost in transit. What is going on?

January 30, 2023
4:18 pm
savemoresaveoften
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You can call in and ask for ur gic to be redeemed early with interest. This way u can use ur linked acct to transfer the funds out,
I did that back in November.

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