MONTREAL, Nov. 22, 2012 /CNW Telbec/ - In line with the spirit of Black Friday, Laurentian Bank is offering those looking for higher returns on their
investments the opportunity to double the interest rate on a two-year
Guaranteed Investment Certificate (GIC). For two days only — Friday,
November 23 and Monday, November 26 — the rate offered on fixed
Laurentian Bank GIC's non-redeemable for two years will be raised to
"The Black Friday phenomenon is huge and is extending beyond the American border today
into previously unthought of markets like the banking sector,"
underlines Stéphane Gagnon, Senior Vice-President of Marketing and
Product Management at Laurentian Bank. "As such, our retail clients now
have access to an offer that is hard to resist — a return on a solid
investment vehicle that is actually double the rate currently in
effect. But, like in the case of all good things, they must act while
the offer lasts!"
Clients can take advantage of this opportunity by stopping by any of the
Bank's 157 branches. The 2.4% GIC can be integrated into registered
vehicles like RRSPs and TFSAs, as well as into a non-registered
account. A minimum amount of $500 is required to invest. The funds
cannot come from a Laurentian Bank account or an account with any of
the Bank's subsidiaries. Finally, the offer is not applicable to a
renewal. Interested clients looking for more information are invited to
consult an advisor at their local Laurentian Bank branch, or to call
Client Service at (514) 252-1846 or 1 800 252-1846.
About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that
manages more than $35 billion in balance sheet assets and over $32
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 through the promotion of
passion within its ranks. The Bank employs more than 4,000 people.
Recognized for its excellent service, accessibility and conviviality,
Laurentian Bank serves more than one million clients within market
segments in which it holds an enviable position. In addition to
occupying a prime place 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. For its part, the institution's
B2B Bank subsidiary is a Canadian leader in the provision of banking
products to financial advisors and brokers, while Laurentian Bank
Securities' expertise and effective integrated brokerage services are
also widely recognized nationwide.
Certain conditions apply. This offer may be changed at any time without
prior notice. A 1.20% supplement is applicable to the 2 year GIC rate.
The 2-year GIC rate is 1.20% as of November 22nd, 2012. The supplement is applicable if the client obtains the product
between November 23rd, 2012 and November 26th, 2012. This offer is applicable only to funds transferred from a
financial institution other than Laurentian Bank. Renewal of
investments held at Laurentian Bank and other GICs are not eligible for
this offer. The 2-year GIC rate may be changed at any time without
notice. To purchase the 2-year GIC, a minimum investment of $500 is
required. For investments transferred from another financial
institution, the basic applicable 2-year GIC rate will be the rate in
effect at the time the funds are received. This offer is valid until
November 26th, 2012. This offer may be changed at any time without
prior notice. Annual interest rate. Interest compounded annually, or
simple interest paid annually.
SOURCE: LAURENTIAN BANK OF CANADA
For further information:
Public Relations Advisor
514 284-4500, extension 4695