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Email this7:46 am
December 3, 2014
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Anyone buying GICs from LBC?
That 1 year GIC looks attractive at 2.1%
Do they allow maturity instructions to be set?
8:17 am
September 11, 2013
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Yes to both questions.
12:36 pm
May 28, 2013
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When I logged into my Laurentian Bank account today, the 2.10% one year GIC is still available on the "Buy GIC" tab. With EQ dropping their HISA rate to 1.70%, that is starting to look really good!
10:11 am
January 29, 2018
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Oaken announced 0.2% rate reduction for August 20, 2020. Now LBC took my attention. I am wondering do they have a good service/system? Any comments?
10:46 am
September 30, 2017
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I believe their current system only allow GIC purchase from unhold money available in their HISA account … it is more than a single step if you are a new client
2:13 pm
October 27, 2013
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hwyc said
I believe their current system only allow GIC purchase from unhold money available in their HISA account … it is more than a single step if you are a new client
That is correct. Only funds not 'on hold' can be used to buy a GIC. Up to five business day hold on new money transferred in, and that is what I have experienced.
10:40 am
October 11, 2015
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I'm now seeing poor rates for Laurentian Bank GICs:
Guaranteed Investment Certificate (GIC)
Type Detail Annual (%) Maturity (%)
Current rates1 90 to 179 days 0.30
180 to 269 days 0.40
270 to 361 days 0.40
1 year (362 to 729 days) 0.60
2 years (730 to 1,079 days) 0.85
3 years (1,080 to 1,444 days) 0.90
4 years (1,445 to 1,809 days) 1.05
5 years (1,810 to 2,539 days) 1.15
Special rates2 1 year (362 to 729 days) 0.95
2 years (730 to 1,079 days) 1.25
3 years (1,080 to 1,444 days) 1.35
5 years (1,810 to 2,539 days) 1.55
11:00 am
May 28, 2013
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When I log into my LBC Digital account, I am still being offered the one year GIC at 2.10%. Rates still appear to be the same as last week.
11:24 am
September 30, 2017
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Dentgal is refering to rates for the "Personal banking" only available in Quebec
4:08 pm
April 6, 2013
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The LBC Digital GIC rates are still good:
| TERM | MINIMUM | INTEREST RATE |
| 1 year | $100.00 | 2.10% |
| 2 years | $100.00 | 2.05% |
| 3 years | $100.00 | 2.05% |
| 4 years | $100.00 | 2.15% |
| 5 years | $100.00 | 2.30% |
5:24 am
September 30, 2017
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Checked again this morning, new rates effective 
... rats, my money is two days shy from their HISA unhold.
6:16 am
February 24, 2015
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Like EQ Bank, that is a very customer-UNfriendly policy. Maybe they will honor the old rate if you ask.
8:25 pm
April 6, 2013
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Quite a drop:
| TERM | MINIMUM | Previous Interest Rate |
INTEREST RATE |
| 1 year | $100.00 | 2.10% | 1.85% |
| 2 years | $100.00 | 2.05% | 1.95% |
| 3 years | $100.00 | 2.05% | 1.85% |
| 4 years | $100.00 | 2.15% | 2.00% |
| 5 years | $100.00 | 2.30% | 2.15% |
Something similar happened to a few of us at EQ Bank a while back. Could not purchase the term deposit while funds transferred in were on hold.
EQ Bank wasn't able to change the rate on the term deposit as they thought they could. They ended up crediting the difference in interest instead.
Please write your comments in the forum.