MONTREAL, Jan. 28 /CNW Telbec/ - Laurentian Bank is presently offering
investors the Multi-Rater Xtra GIC(1), a product that not only guarantees the
capital invested, but also the return thanks to its highly advantageous
progressive rate. Moreover, the Multi-Rater Xtra GIC is admissible inside an
RRSP, RRIF or TFSA.
The Multi-Rater Xtra GIC allows investors to take advantage of more
flexibility in their investment portfolio by offering them the possibility of
reinvesting on each anniversary date. Thus, the saver enjoys a greater ability
to react in the event of an interest rate increase. As is the case with all
guaranteed investment certificates, the capital invested in this instrument is
protected and the investor has the benefit of a growing return from year to
year. Furthermore, the product's rates are fixed for terms of three or five
years, which assures protection against any eventual declines. The Multi-Rater
Xtra GIC with three-year term is currently being offered at a promotional
The Bank's new GIC is available at all branches, as well as online at
About Laurentian Bank
Laurentian Bank of Canada is a banking institution operating across
Canada and offering its clients diversified financial services. Distinguishing
itself through excellence in service, as well as through its accessibility,
the Bank serves individual consumers and small and medium-sized businesses.
The Bank offers its products to a wide network of independent financial
advisors through B2B Trust, as well as full-service brokerage solutions
through Laurentian Bank Securities.
With 156 branches and 342 automated banking machines, Laurentian Bank of
Canada is well established in the Province of Quebec, operating the
third-largest branch network. Elsewhere throughout Canada, it operates in
specific market segments where it holds an enviable position. Laurentian Bank
of Canada has more than $19 billion in balance sheet assets. Founded in 1846,
the Bank employs nearly 3,400 people.
(1) Reinvestable on anniversary dates without penalty as of the first
year. Also reinvestable in a GIC with a term equal to or longer than
the remaining term. In case of reinvestment before the end of the
term, interest is calculated based on the effective rate each year.
Three- or five-year terms available. Certain conditions apply. For
more details, contact an in-branch advisor.
For further information:
For further information: Mary-Claude Tardif, Public Relations Advisor,
(514) 284-4500, extension 4695, email@example.com