Interest Rate
4.05%
Term
5 years
Minimum Deposit
$1,000
Promotion
N/A
Apply Now →on Concentra Bank's website
Interest Rate:
4.05%
Term:
5 years
Promotion:
N/A
Minimum Deposit:
$1,000
Concentra Bank offers a competitive 5-year GIC rate of 4.05%, making it a strong contender for those looking for reliable returns. However, potential investors should note that new customers must work through a referring agent to access these products.
Pros:
- Competitive rate
- Standard deposit insurance
Cons:
- Limited direct purchase options
- Requires referring agent for new customers
Concentra Bank is an excellent choice for investors seeking a stable 5-year GIC with a competitive rate of 4.05%, particularly those who are comfortable navigating the referral process with an agent. This offering is well-suited for individuals looking for dependable returns on a minimum deposit of $1,000.