Wyth HISA 1.8% (from 1.6%) starting June 17, 2022 | Wyth Financial (formerly Concentra Bank) | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
Wyth HISA 1.8% (from 1.6%) starting June 17, 2022
June 16, 2022
2:08 pm
Norman1
Member
Members
Forum Posts: 5469
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

Raising their HISA rate starting tomorrow.

June 16, 2022
2:16 pm
Norman1
Member
Members
Forum Posts: 5469
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

JohnnyCash said
If you think the new EFT limit is a bit odd, how about today's email indicating they are increasing their HISA rate to 1.8% tomorrow.

They are likely seeing some money leaving their HISA for alternatives.

Hubert's HISA is at 2.05%. CIBC and TD are offering 2% one-year cashable GIC's that pay accrued interest if held at least 31 days.

June 16, 2022
7:24 pm
AllanB
Member
Banned
Forum Posts: 200
Member Since:
April 18, 2022
sp_UserOfflineSmall Offline

I pulled couple days ago

August 8, 2022
2:50 pm
JohnnyCash
Member
Members
Forum Posts: 184
Member Since:
April 21, 2022
sp_UserOfflineSmall Offline

HISA rate increase to 2.25% effective August 9. If the $100 EFT limit restriction is still in effect, I don't see how an increase in the interest rate will lure deposits.

August 8, 2022
8:10 pm
Norman1
Member
Members
Forum Posts: 5469
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

Only their pull limit is $100.

One can still push up to $150,000 in from another financial institution. Their mobile cheque deposit limit is still $150,000.

August 9, 2022
8:57 am
JohnnyCash
Member
Members
Forum Posts: 184
Member Since:
April 21, 2022
sp_UserOfflineSmall Offline

Norman1 said
Only their pull limit is $100.

One can still push up to $150,000 in from another financial institution. Their mobile cheque deposit limit is still $150,000.  

Does that mean there is no $100 limit on pushes from Wyth? If that's the case, then it's not too much of a restriction. I generally don't mind the idea of pushing large amounts into Wyth.

August 9, 2022
3:49 pm
Norman1
Member
Members
Forum Posts: 5469
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

That's correct. The current limit on pushes at Wyth is $50,000, according to the HISA "Dollar limit maximums" in their Deposit Disclosure:

Electronic funds transfer
maximum per transaction(1)(2)
$100 limit money-in
$50,000 money-out
Electronic funds transfer
daily maximum (2)
$100 limit money-in
$50,000 money-out
Mobile cheque deposit
maximum per transaction(1)
$150,000 limit money-in

Please write your comments in the forum.