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Personal bank accounts

Interest Calculation and Payment
Interest Calculation and Payment Tiers Rate (%) CA$ Account Rate (%) US$ Account
Day by Day Interest Plus US Less than
$1,000
N/A 0.000
$1,000
to
$4,9992
N/A 0.050
$5,000 to
$9,999 2
N/A 0.100
$10,000
and more2
N/A 0.100
Investment Excellence Less than
$5,000
0.050 N/A
$5,000
to
$24,999
0.050 N/A
$25,000
to
$59,999 2
0.100 N/A
$60,000
to
$99,999 2
0.400 N/A
$100,000
and more2
0.500 N/A

Legal notice

1. Progressive annual interest varies depending on the tier involved. Interest is calculated on the daily minimum balance and paid monthly.
2. Interest rate applicable on the portion of the balance exceeding the lower limit of the bracket. The Bank reserves the right to change interest rates and rates tiers without prior notice.

 

Periodic Savings and Investment Plan
The Goal Getter
Product Details Term Rate (%) CA$ Account
Budget Plan1 Interest is calculated on the minimum monthly balance and paid semi-annually. - - - 0.010
The Project Planner 1, 2 Interest is calculated on the minimum monthly balance and paid one month after term. - - - 0.300
Security Plan 1
Interest is calculated on the minimum monthly balance and paid semi-annually. 0-11 months 0.080*

0.000**
12-23 months 0.150*

0.010**
24-35 months 0.220*

0.080**
36-47 months 0.290*

0.150**
48-59 months 0.360*

0.220**
Base rate 0.010
Bonus rate 0.070

Legal notice

1. Rate effective as of October 13, 2020.
2. These accounts are no longer offered

* Rate including bonus
**Rate minus penalty

 

 

High-Interest Savings Account
Tier Annual Interest Rate1
Balance of $0 to $2,499.99 No interest paid (minimum daily balance of $2,500 is required to earn 0.25%1)
Balance of $2,500 to $499,999.99 0.25%
Balance of $500,000 or more 0.10%

Legal notice

1. The annual interest rate is subject to change at any time. In order to earn interest, the minimum balance required is $2,500 and must be maintained on a daily basis. Simple interest is calculated on the daily minimum balance (which must be at least $2,500) and is paid monthly based on the tiers. Effective September 1, 2021, the promotional interest rate will no longer apply. Laurentian Bank reserves the right to change the annual interest rate at any time by posting a general notice in each of its branches and on this page.

 

Active accounts no longer offered
Product Details Rate (%) CA$ Account
"À la carte"1 The annual interest rate is calculated on the daily closing balance and paid on April 30 and October 31. 0.050
RIQ1
(Réseau des ingénieurs du Québec)
OSPE1
(Ontario Society of Professional Engineers)
The annual interest rate is calculated on the monthly closing balance and paid monthly. 0.050
Extra Plan and Extra Plan+1 The annual interest rate is calculated on the monthly closing balance and paid monthly. 0.250
Personnal Internet Account1 The annual interest rate is calculated on the monthly closing balance and paid monthly. 0.050
Commercial Internet Acount1 The annual interest rate is calculated on the monthly closing balance and paid monthly. 0.500

1. These accounts are no longer offered.