MONTREAL, Jan. 10, 2014 /CNW Telbec/ - Laurentian Bank is kicking off
the new year with the launch of its Contribute in a Flash promotion that enables investors to obtain a 3% annual return on a
three-month guaranteed investment certificate (GIC).1 This represents an excellent alternative for investors who are
undecided or short on time, but who wish to benefit from an attractive
rate now. More specifically, they can earn interest by contributing to
a GIC today, while avoiding the crush during the RRSP period.
"During this time of the year, when people are usually very busy and
more often thinking about repaying their holiday spending, it can be
quite difficult to make a well-thought-out investment decision,"
underlines Guylaine Dufresne, F.Pl., Senior manager, Investment and Financial Planning at Laurentian Bank.
"A three-month GIC can allow investors to put their assets to work
immediately, while giving them the time to thoroughly analyze their
financial situation with their financial advisor so as to be able to
make informed decisions that are in line with their financial
In order to take advantage of the offer, all existing or future
Laurentian Bank clients will have to invest or transfer a minimum
amount of $500 from another financial institution into an admissible
plan by no later than March 3, 2014. Admissible plans include
Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings
Accounts (TFSAs). Investment renewals and other GICs held at Laurentian
Bank are not admissible for this offer.
More information about the promotion can be obtained from a Laurentian
Bank branch advisor, or by calling the Bank's Client Service line at
1 800 252-1846.
About Laurentian Bank
Laurentian Bank of Canada is a banking institution whose activities
extend across Canada. Recognized for its excellent service, proximity
and simplicity, the Bank serves one and a half million clients
throughout the country. Founded in 1846, it employs some 4,000 people
whose talent and dedication has made it a major player in numerous
market segments. The institution has $34 billion in balance sheet
assets and more than $37 billion in assets under administration.
Laurentian Bank distinguishes itself through the excellence of its
execution and its agility. Catering to the needs of retail clients via
its extensive branch network and constantly evolving virtual offerings,
the Bank has also earned a solid reputation among SMEs, larger
businesses and real estate developers thanks to its growing presence
across Canada and its specialized teams in Ontario, Québec, Alberta and
British Columbia. For its part, the organization's B2B Bank subsidiary
is a Canadian leader in providing banking and investment products and
services to financial advisors and brokers, while Laurentian Bank
Securities is an integrated broker that is also widely known for its
expert and effective services nationwide.
1 As at December 31st, 2013, the posted annual interest rate for the
3-month GIC is 0.25%. The posted annual interest rate for the 3-month
GIC will be increased by 2.75%. To take advantage of this offer, a
minimum of $500 must be invested or transferred from another financial
institution in an eligible savings account between January 1st, 2014
and March 3rd, 2014. Eligible savings accounts include a Registered
Retirement Savings Plan (RRSP) and a Tax-free Savings Account (TSFA).
Investment renewals and other GICs held with the Laurentian Bank and
its subsidiaries are not eligible to this offer. When transferring
investments from another institution, the annual interest rate shall be
the posted rate upon receiving the funds. To be eligible to the added
interest, funds must be received between January 1st and March 3rd,
2014. Annual Interest rate. Simple interest is calculated and paid at
maturity. This promotion is offered only through Laurentian Bank
branches and Telebanking Centre representatives. This offer is not
available through B2B Bank, SME-National account subsidiaries or with
other brokers. Some conditions apply. This offer and the GIC rates are
subject to change at any time without notice. This offer cannot be
combined with any other offer or promotion. For details, please contact
SOURCE: Laurentian Bank of Canada
For further information:
Public Relations Advisor
514 284-4500, extension 4695