MONTREAL, Sept. 19, 2013 /CNW Telbec/ - The return of the fall season is the perfect time to re-establish a certain discipline in investment habits. To help savers get a better return on their investments, the Bank is offering 2%i cash back on all investments transferred to the institution. This represents an excellent means for savers to see their assets grow.
More specifically, from September 16 through December 31, 2013, Laurentian Bank is extending a 2% bonus on all investments transferred to and kept with the institution for a period of five years, or of 1% on transfers kept with the institution for three years.
This offer is valid on all transfers into registered (RRSP, LIRA, RRIF, TFSA, etc.) and non-registered accounts. The bonus of up to $20,000 per client will be paid into the Bank's Tactical account. Transfers must be made by no later than March 31, 2014, and they must come from a financial institution other than Laurentian Bank or its affiliated companies.
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.
i Certain conditions apply. A cashback of 1% is paid if the amount transferred and the cashback is maintained in the client's account for three (3) years. A cashback of 2% is paid if the amount transferred and the cashback is maintained in the client's account for five (5) years. This offer does not apply to amounts transferred to a mutual fund or a demand deposit. The amount transferred and the corresponding cashback must remain in a Laurentian Bank account in accordance with the blackout periods, otherwise a penalty equal to the cashback will be charged to the client's account. The blackout period begins on the date the investment is issued. The payment, which can reach a maximum of $20,000 per client, is made in Canadian funds from a Laurentian Bank Tactical account. To take advantage of this offer, please visit a branch or call your advisor. The Bank reserves the right to terminate or change this offer at any time, without notice. Please visit a branch for details. The client is entirely responsible for any tax consequences resulting from the payment, which is taxable if paid to a non-registered account. To take advantage of this offer, you must sign a transfer agreement between September 16 and December 31, 2013. This offer applies to all transfers of funds, whether registered or non-registered. Transfers must be made no later than March 31, 2014.
SOURCE: Laurentian Bank of Canada
For further information:
Public Relations Advisor
514 284-4500, extension 4695