Press release from CNW Group
Black Friday at Laurentian Bank: doubling the rate on GICs for a potential return of 3.15% (1)
Tuesday, November 26, 2013
Black Friday at Laurentian Bank: doubling the rate on GICs for a potential return of 3.15% (1)08:30 EST Tuesday, November 26, 2013
MONTREAL, Nov. 26, 2013 /CNW Telbec/ - In the spirit of all the special deals that abound under the banner of Black Friday, Laurentian Bank is offering investors, for three days only, the possibility of obtaining up to double the return on their fixed, non-redeemable 1-5-year guaranteed investment certificates (GICs).
"Black Friday is a unique occasion to benefit from some of the most attractive promotions of the year," underlines Bianca Dupuis, assistant vice-president of Investment products at Laurentian Bank. "While most people have their minds set on spending with the approach of the holidays, we would like to remind them that, regardless of the time of year, it is important to adopt a disciplined approach to saving, and this special offer constitutes a perfect investment opportunity featuring a very advantageous rate of return."
Flexible Terms for Investors!
Between November 29 and December 2, investors can choose the term of the GIC that best suits their needs — from one to five years. To be eligible for this special offer, the amount of the investment must be at least $500, which will be admissible for such financial vehicles as RRSPs, TFSAs or non-registered accounts. The funds used to procure the GIC may not originate from a Laurentian Bank account, and the promotion does not apply to renewals.
Investors can obtain additional information about the promotion by visiting a Laurentian Bank branch or by contacting the Bank's Client Service Department at 1 800 252-1846.
About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that has $34 billion in balance sheet assets and $37 billion in assets under administration. Founded in 1846, Laurentian Bank was selected in 2012 as one of the 10 winners of the Canada's Passion Capitalists program in recognition of its sustained success in creating "Passion Capital" among its people. The Bank employs more than 4,200 people.
Recognized for its excellent service, proximity and simplicity, Laurentian Bank serves more than one million clients in market segments in which it holds an enviable position. In addition to occupying a choice position among consumers in Québec, where it operates the third largest branch network, the Bank has built a solid reputation across Canada in the area of real estate and commercial financing thanks to its teams working out of more than 35 offices in Ontario, Québec, Alberta and British Columbia. Its subsidiary, B2B Bank, is a Canadian leader in providing banking products as well as investment accounts and services to financial advisors and brokers, while Laurentian Bank Securities is an integrated broker, widely recognized for its expertise and effectiveness nationwide.
1 On the 22nd of November 2013, annual interest rates shown for the 1, 2, 3, 4 and 5 year term GIC are 0.90%, 1.15%, 1.30%, 1.45% and 1.75% respectively. The annual interest rate shown for the 1, 2, 3, 4 and 5 year term GIC will be enhanced by 0.90 %, 1.15 %, 1.30 %, 1.45 % and 1.40 % respectively. To be eligible for this offer, you must invest or transfer a minimum of $500 from another financial institution between November 29 and December 2, 2013 in one of the eligible products. Renewals of investments, cash balance and other GICs held at Laurentian Bank or its subsidiaries are not eligible for this offer. In the case of a transfer from another institution, the annual interest rate shall be the one displayed at the time of reception of the funds. Funds must be received between November 29 and December 2, 2013. Annual interest rate. Compound interest is calculated and compounded annually and paid at maturity. Simple interest is calculated and paid annually. The offer is not available at B2B Bank, at the SME-National account subsidiaries, or from other brokers. Certain conditions apply. The offer and the GIC rates are subject to change at any time and without notice. This offer cannot be combined with any other offer or other promotion. For more information, contact an account manager.
SOURCE Laurentian Bank of Canada
For further information:
Public Relations Advisor
514 284-4500, extension 4695