Laurentian Bank: Laurentian Bank of Canada.
Interac e-Transfer is a registered trademark of Interac Corp. Used under licence.
Existing investment accounts are offered by Laurentian Bank of Canada (“Laurentian Bank”) or LBC Financial Services Inc. (“LBCFS”). LBCFS is a wholly-owned subsidiary of Laurentian Bank and a separate entity from Laurentian Bank, B2B Trustco and all other issuers or mutual fund companies whose products it distributes. Newly opened investment accounts must be LBCFS accounts. A Laurentian Bank advisor is also a licensed LBCFS mutual fund representative. LBCFS’s liability is limited to the conduct of its representatives in the performance of their duties for LBCFS.
Some terms and conditions apply. Promotional rates may be modified or cancelled at any time, without prior notice. These offers may not be combined with any other offer or promotion, or any other benefit for the same type of investment (product). GICs are not cashable. Simple interest is paid on terms of less than two years. Clients have a choice of simple or compound interest on terms of two years or more. Simple interest is calculated and paid annually. Compound interest is calculated and compounded annually, and paid at maturity. Individuals residing outside of Quebec who do not currently hold a Laurentian Bank of Canada investment product are not eligible for this offer. This product is eligible for registered and non-registered plans. This product is eligible for deposit insurance from the Canadian Deposit Insurance Corporation (CDIC), up to the maximum limit for coverage from the CDIC, and subject to applicable conditions. This offer cannot be combined with any other offer. For more information, call 1-844-494-0076 or contact your advisor.
Regular fees apply to transactions exceeding the limit provided by the banking plan. Fee schedule in force as of March 1, 2021. For further information about this service and banking fees, please refer to the My Money guide (PDF, 454 KB).
Some terms and conditions apply. The annual interest rate is subject to change at any time. Rates in effect are: Balance of less than $100,000: 2.20%. $100,000 to $5,000,000: 3.20%. $5,000,000.01 and over: 1.00%. Simple interest is calculated on the daily minimum balance and is paid monthly based on the tiers. Laurentian Bank reserves the right to change the annual interest rate by posting a general notice in each of its branches and on the current rates page.
A return is not guaranteed and may be nil at maturity and if applicable, may be subject to either a minimum or maximum rate of return, which is determined and disclosed to you prior to the issuance. Your actual rate of return is contingent upon the performance of the reference index. As applicable, the rate of return is non-compounding over the term of the ActionGIC and calculated solely on the initial investment, which along with the applicable rate of return, is paid at maturity. The minimum and maximum rate of return may vary between issuances. The posted rate corresponds to the maximum rate AND MINIMUM RATE OF RETURN. The final rate of return of a Laurentian Bank ActionGIC is calculated based on the performance of the reference index between the issue date and the maturity date of the investment. If applicable, the rate of return is subject to the maximum and minimum rate of return. The value at maturity is obtained by calculating the average value of the index at closing, on the three dates for the calculation of the reference index as specified in the purchase agreement. The final return of the reference index is determined by calculating the sum of the return for each share in the reference index during the period divided by the number of shares making up the reference index. Since the rate of return of this investment depends on the performance of a reference index comprised of securities, any fluctuations in the reference index will affect the investment’s final rate of return and if applicable, will determine if a maximum or minimum rate of return will apply. Past performance is not an indicator of future performance. This investment is eligible for a non-registered or a registered plan such as an RRSP, RRIF or TFSA. A minimum investment of $500 is required. This product is eligible for deposit insurance from the Canadian Deposit Insurance Corporation (CDIC) up to the maximum limit for coverage from the CDIC and subject to applicable conditions. Laurentian Bank of Canada, Laurentian Trust of Canada Inc, LBC Trust are members of the CDIC. The terms and conditions of this product are available at the branch. Laurentian Bank of Canada reserves the right to modify, suspend or withdraw this offer at any time without notice. If applicable, since the ActionGIC is issued on a fixed date following an initial subscription period, any amount received before the issue date of this product will be invested in a short-term GIC (“Pending ActionGIC”) before the final issuance of the ActionGIC. The principal and any interest earned (annual fixed, simple interest, calculated daily) during this period will be automatically added at maturity of the Pending ActionGIC to the investment of the ActionGIC.
RRSP: You can withdraw from your RRSP at any time. However, the amount withdrawn will be added to taxable income, and withholding tax will be taken upon withdrawal. Amounts invested in an RRSP can be deducted, up to the annual allowable limit. Investment earnings in an RRSP are sheltered from tax. If your annual contribution is less than your allowable limit, the difference will automatically be carried forward to a subsequent year, and can be done so indefinitely. The law allows you to contribute to an RRSP until the end of the year in which you reach the age of 71; it must then be converted. For more information on your RRSP contribution rights, consult the Canada Revenue Agency site. TFSA: You can make a withdrawal from your TFSA at any time, with no withdrawal tax. Amounts invested in a TFSA are not tax-deductible. Investment earnings in a TFSA are sheltered from tax. If your annual contribution is less than your allowable limit, the difference will automatically be carried forward to a subsequent year, and can be done so indefinitely. The law allows you to contribute to a TFSA throughout your lifetime without the need to convert it to another type of account. For more information on your TFSA contribution rights, consult the Canada Revenue Agency site.