LBC direct GIC 15-month 5.30% | LBC Digital | Discussion forum

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LBC direct GIC 15-month 5.30%
June 23, 2023
2:07 pm
hwyc
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LBC direct, not LBC digital.

15-month 5.30% (investment thru advisor ?)

June 23, 2023
5:53 pm
Norman1
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That's actually Laurentian Bank.

LBCDirect is what Laurentian Bank calles their online banking service.

June 23, 2023
8:23 pm
hwyc
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Quite right. I am uncertain how their GIC product(s) are to be marketed nationally. Will there be different rules for elsewhere? Can it be solely online?

Do I need to have a Laurentian Bank account to invest in a GIC?

No, you don’t if you’re a Quebec resident. If you’re interested in buying a GIC, talk to an advisor. For residents of Quebec, book a meeting or find a branch.

June 23, 2023
9:08 pm
Norman1
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Laurentian Bank's online-only channel is LBC Digital.

Laurentian Bank has suspended new signups for LBC Digital. Not sure if the suspension is temporary or the suspension is the beginning of the end for LBC Digital.

I don't know how Laurentian Bank GIC's will be distributed outside Québec as the bank doesn't have any branches outside the province. Maybe only through deposit brokers and finanical advisors?

Now, Tangerine Bank is offering slightly longer 1.5-year GIC's for 5.5%. sf-laugh

June 29, 2023
4:04 am
Miked
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LBC rates gone up 28/6...
1yr=5.6% 2yr=5.5% 3to5yr=5% ;-p

June 29, 2023
4:26 am
savemoresaveoften
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Miked said
LBC rates gone up 28/6...
1yr=5.6% 2yr=5.5% 3to5yr=5% ;-p  

Vow that’s basically as juicy as TD’s 1year extendible.

June 29, 2023
5:00 am
hwyc
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There are three venues for the 5.6%

(Advisor only?)
https://www.laurentianbank.ca/en/rates/gic.html
13 months (390 to 420 days)

(Existing clients only)
https://www.lbcdigital.ca/en/rates-fees
https://b2bbank.com/en/mybank/rates/gicrates
1 year

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