HISA now 3% (was 2%) | LBC Digital | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
HISA now 3% (was 2%)
October 21, 2022
8:11 am
Norman1
Member
Members
Forum Posts: 5706
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

hwyc said
HISA 3.00%, rate effective as of close of business on October 20, 2022 (LBCdigital.ca & B2Bbank.com)

That deserves its own thread!

3% rate applies to over $500,000 as well:

Effective as of close of business on October 20, 2022, the annual interest rate for the LBC Digital High Interest Savings Account (HISA) on deposits up to and including $500,000 will change from 2.00% to 3.00%. The rate on deposits over $500,000 will change from 0.30% to 3.00%

October 21, 2022
10:07 am
KamWest
Toronto
Member
Members
Forum Posts: 272
Member Since:
December 20, 2019
sp_UserOfflineSmall Offline

Screenshot-2022-10-21T130353.289.png

The most interesting thing about this announcement is that they are now paying the full interest rate on over 500k instead of the usual .3 percent.

With simplii also about to release a top tier over 1 million interest rate it looks like financial institutions are competing for our money once more.

Notice you never hear anything about negative interest rates anymore?

That is because with the war and economic downturn billions have disappeared from the liquid cash stores of the world.

October 21, 2022
11:36 pm
RetirEd
Member
Members
Forum Posts: 527
Member Since:
November 18, 2017
sp_UserOfflineSmall Offline

...and because business investment, so far at least, is now very profitable and people want cash to do it!
RetirEd

Please write your comments in the forum.