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Email this7:51 am
December 20, 2016
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Source: Luminus Website:
Limited Time Special Offers**
Investment Savings Account 2.50%
1 Year fixed GIC 2.30%
2 Year fixed GIC 2.25%
5 Year Escalator Deposit 3.50%
As posted elsewhere, Luminus fees may be an issue
8:36 am
December 17, 2016
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Nehpets said
Source: Luminus Website:Limited Time Special Offers**
Investment Savings Account 2.50%
1 Year fixed GIC 2.30%
2 Year fixed GIC 2.25%
5 Year Escalator Deposit 3.50%
THAT 5 year Escalator Deposit is a sucker rate - the 5-year average on that GIC is ONLY 2.10%
4:19 pm
October 21, 2013
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New money only.
Applies to Feb 28/18.
It's a bit of a pain to get the money out again as they don't have online connections to other FIs.
However, for someone who lives in Toronto, is already a member but doesn't have much on deposit currently, is looking for a temporary solution, and doesn't want o have to open at another FI, the savings account would work.
The one-year rate is also attractive, if that's what you need.
7:14 am
July 18, 2017
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One option is to open their free "5-star" chequing account, and then order paper cheques (I think you can get 40 for $20 or something like that). Then when you want to move funds out, write yourself a cheque and deposit it in the FI of your choice.
The chequing account also offers unlimited e-transfers, which is OK for smaller amounts -- but obviously impractical for large amounts.
They'll also do a bank draft for $7.
None of the above are ideal, and it's a hassle that they don't have online transfers to other FIs. But for the last few years, Luminous has offered some of the best 1-year GIC rates in Ontario.
6:07 pm
February 20, 2018
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34 Month Fixed GIC (new funds only) 2.85%
17mth new 2.65
9mth new 2.5
https://www.luminusfinancial.com/m/Rates/
2:20 am
October 21, 2013
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$60 fee for transfers OR withdrawals on registered accounts.
https://www.luminusfinancial.com/Personal/BecomingAMember/ServiceFees/RegisteredPlans/
6:10 pm
August 9, 2014
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Loonie said
$60 fee for transfers OR withdrawals on registered accounts.
https://www.luminusfinancial.com/Personal/BecomingAMember/ServiceFees/RegisteredPlans/
They dare to charge fee for withdrawing from register account.....
5:46 pm
February 20, 2018
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Luminus has a 5yr@3% cashable anytime at a reduced rate of 1.75%
what do you think?
5:49 am
September 30, 2017
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Looks like RSP only.
However, I am not able to find this offer or 1-877-713-6236 from Luminus main page. Also on this page advertised TFSA rate is lower than what I saw on their main rate page. So I am not sure if this page is meant to be found.
6:37 am
February 20, 2018
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non-reg was offered
11:31 am
April 18, 2022
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Our 6-month Prime ISA (Investment Savings Account) follows the Luminus Prime Rate, less 1%, so you’ll never miss out on the best rate for your investments. Plus, you can withdraw at any time. Invest today (currently at 3.70%) and live a little!
Rate Tied To Prime - With a Luminus Prime ISA tied to Luminus' Prime Rate, earn 3.70% on your investment now with the confidence that you won't miss out on future rate changes.
Flexible investing options - Make the most of your investment savings account by tying it to any registered, non-registered, or Tax-Free Savings account. Plus, your deposits are insured up to $250,000
Withdraw at any time - A Luminus Prime ISA gives you the benefit of earning higher interest with the flexibility of being able to withdraw funds at any time and without penalties!
1:05 pm
September 15, 2017
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AllanB said
Our 6-month Prime ISA (Investment Savings Account) follows the Luminus Prime Rate, less 1%, so you’ll never miss out on the best rate for your investments. Plus, you can withdraw at any time. Invest today (currently at 3.70%) and live a little!Rate Tied To Prime - With a Luminus Prime ISA tied to Luminus' Prime Rate, earn 3.70% on your investment now with the confidence that you won't miss out on future rate changes.
Flexible investing options - Make the most of your investment savings account by tying it to any registered, non-registered, or Tax-Free Savings account. Plus, your deposits are insured up to $250,000
Withdraw at any time - A Luminus Prime ISA gives you the benefit of earning higher interest with the flexibility of being able to withdraw funds at any time and without penalties!
Sure seems like an attempt at a free advertisement!!
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