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LBC Bank Review
November 29, 2019
11:48 pm
Top Dogg
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Hi,

I'm currently getting 2.75% with Tangerine until November 30th and I'm not sure if they're going to extend my promo. I live-chatted with them the other day and they said I have to call back on November 30th. In any case, I'm thinking they will not continue giving me 2.75% on my Savings Account and if not, I will be moving all my funds somewhere else. Would you guys go with LBC Bank or Simplii Financial? I already have a Simplii Financial Account (when it was PC), but I haven't used it in years. I do alot of 'EMTs' as well.

Any input would be much appreciated! 🙂

Kind regards,
Top Dogg

November 30, 2019
4:04 am
Canadianbull
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LBC 3.30% vs Tangerine 2.75%
I have account with both but money is parked at LBC 3.30% because of better rate.

November 30, 2019
9:27 am
canadian.100
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Canadianbull said
LBC 3.30% vs Tangerine 2.75%
I have account with both but money is parked at LBC 3.30% because of better rate.  

You will be fortunate if you get 2.75% from Tangerine on new retention incentives - my contacts/associates are now getting 2.4% and 2.5% on retentions renewed this week - and this is on "serious" cash balances.

December 1, 2019
5:54 am
Top Dogg
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canadian.100 said

You will be fortunate if you get 2.75% from Tangerine on new retention incentives - my contacts/associates are now getting 2.4% and 2.5% on retentions renewed this week - and this is on "serious" cash balances.  

Canadianbull,

Thank you for your reply. I'm going to call Tangerine tomorrow to see what they can do. If not, I'll be moving my funds out of there ASAP. LBC only covers up to $100,000 though which isn't very much. I'll most likely go with Simplii Financial and top up with LBC.

December 3, 2019
6:15 pm
blahuenga
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Top Dogg said

Canadianbull,

Thank you for your reply. I'm going to call Tangerine tomorrow to see what they can do. If not, I'll be moving my funds out of there ASAP. LBC only covers up to $100,000 though which isn't very much. I'll most likely go with Simplii Financial and top up with LBC.  

Why not put your ~$100K into LBC, and ~$100K into B2B? Separate insurances 😉

December 3, 2019
10:50 pm
Top Dogg
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blahuenga said

Why not put your ~$100K into LBC, and ~$100K into B2B? Separate insurances 😉  

blahuenga,

Thanks for the reply. That's what I'm most likely going to do. A 'rates supervisor' from Tangerine is supposed to be calling me tomorrow with regards to the rate they can give me. The Customer Service rep. from Tangerine that I spoke with yesterday said on my file it says they can offer me 1.6% for 6 months. I just laughed at that!

December 6, 2019
12:38 am
Top Dogg
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I spoke with the 'rate supervisor' today from Tangerine. The best they could offer me was 2.30% for 6 months. Cya wouldn't wanna be ya!

December 6, 2019
6:10 am
davidgeorge
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