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Luminus GICs
March 1, 2017
3:24 pm
penniesfromheaven
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Forum Posts: 7
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May 19, 2016
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The promo rate of 1 yr. @ 2.1% is currently listed on their website

March 1, 2017
3:36 pm
Top It Up
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December 17, 2016
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*** This offer available to ONTARIO residents only ***

Only because I'd never heard of this financial institution, I wanted to see what THEY offered for deposit insurance - and yet another variation. There are NO normals in this business

"The Deposit Insurance Corporation of Ontario (DICO) provides separate unlimited deposit insurance protection for deposits held in registered savings plans while non-registered deposits (savings accounts, term deposits, GICs ,chequing accounts, certified cheques, money orders, “bank” drafts and funds in transit) in the name of an individual member are covered up to a combined maximum of $100,000. Visit the DICO website for full details."

March 1, 2017
8:09 pm
Loonie
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October 21, 2013
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Credit unions are provincially governed, and their insurance systems therefore vary according to province. Luminus is in Ontario, same as Meridian, and same insurance system as Meridian.
https://www.dico.com/design/0_0_Eng.html

June 14, 2017
8:40 am
Koogie
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November 19, 2014
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Luminus has added to their 2.1% one year again with a new 2.25% 2 year option.

Guess they are feeling the increasing rates on offer in the market.

Still, not that enticing when you can get as good or better with a HISA.

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