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SAVINGS ADVICE

Strategies for successful saving.

When it comes to saving, every cent counts. It's all about the projects that matter to you, big and small. Whatever your reason for saving, we have the investment solution for you.

So, go on – dream big.

Talk to an advisor

Or, call us at 1-800-522-1846.

Top things to consider when saving.

How long do you plan to invest?

Maybe you’re going on a trip next year or buying your first home in 5 years. Knowing when you need the money, also called the investment time horizon, will help you choose the right savings product for your situation.

One lump sum or regular deposits?

Do you have a set amount to invest, or do you plan to save smaller amounts regularly over time? If you want to deposit money every pay day, consider a High Interest Savings Account. If you have a lump sum to invest now, a GIC might be the way to go.

Lock it in or go flexible?

Life is filled with the unexpected. There may be moments when you’ll need to access your money while it's invested. Understand the terms before you invest because not all investments have the option to redeem early.

Fixed interest rate or market-linked return?

A fixed-rate GIC is a good option for investors who want to know the return on their investment in advance. ActionGICs, on the other hand, offer the potential for higher returns because they are linked to stock markets, but the final return will only be known at maturity.

Putting our best offers on the table.

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FIXED-RATE GUARANTEED INVESTMENT CERTIFICATE (GIC)

Special rate of 4.85%1 on a 15-month term.

If you’re planning for that much needed getaway, put your money into a GIC while you wait to set sail. Enjoy attractive returns, and best of all, your initial investment and interest are 100% guaranteed.

Gold coins fall into a piggy bank that sits on top of bill stacks.

HIGH INTEREST SAVINGS ACCOUNT (HISA)

Earn up to 4.00% interest2 on your balance.

Saving up to start a pet project? With our HISA, you can speed up your savings with a competitive interest rate. Plus, know that you can access your money whenever you want it.

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MARKET-LINKED GIC

Guaranteed minimum return of 15% on a 6-year Canadian Sustainability ActionGIC.3

It's about performance with peace of mind. With our ActionGICs, earn market-linked returns while keeping your principal safe.

Fixed-rate GIC, ActionGIC or HISA? Let's compare.

Fixed-rate GIC

Features:

  • Minimum investment: $500.

  • Non-redeemable. The money you invested is unavailable until the maturity date. Terms range from 3 months to 10 years.

  • One-time purchase: You can't add funds to an existing GIC investment.

  • Option of simple or compound interest for GICs with a 2-year term or more.

  • Eligible for registered plans such as TFSA, RRSP, RRIF, LIRA and LIF.

  • Eligible for deposit insurance from the Canada Deposit Insurance Corporation (CDIC).

ActionGIC

Features:

  • Minimum investment: $500.

  • Non-redeemable. The money you invested is unavailable until the maturity date.

  • One-time purchase: You can't add funds to an existing GIC investment.

  • The final return can be subject to a minimum and maximum rate of return, which is determined prior to issuance.

  • Eligible for registered plans such as TFSA, RRSP, RRIF, LIRA and LIF.

  • Eligible for deposit insurance from the Canada Deposit Insurance Corporation (CDIC).

High Interest Savings Account

Features:

  • No minimum balance.

  • Redeemable anytime. Deposit and withdraw money as you wish4; your money is always available.

  • Lump sum or regular deposits. Set up automatic transfers to yield higher returns from your savings.

  • Simple interest is calculated on the daily minimum balance and is paid monthly.

  • Non-registered account. Interest is taxable.

  • Eligible for deposit insurance from the Canada Deposit Insurance Corporation (CDIC).

Helpful tips and resources.

Your questions answered.

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CDIC deposit insurance.

Laurentian Bank is a Canada Deposit Insurance Corporation (CDIC) member institution. LBC Trust and Laurentian Trust of Canada Inc. are subsidiaries of Laurentian Bank of Canada and also CDIC members.

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INVESTING

A winning strategy: Laddering your investments.

Want to invest but hesitant to lock up your money for a long time? Learn how laddering can help you achieve your financial goals while keeping the flexibility you need.