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Earn up to
Earn interest on your daily account balance
The CDIC protects eligible deposits up to a maximum of $100,000 (principal and interest combined) per depositor per insured category.
No need to sign up – Laurentian Bank is a CDIC member so coverage is free and automatic.3
LBC Digital HISA interest rate change
Effective March 14, 2020, the annual interest rate for the LBC Digital HISA on deposits up to and including $500,000 changed from 2.80% to 2.25%.
The annual interest rate on deposits over $500,000 is changed from 1.25% to 1.00%.
What are the tiers?
|ACCOUNT BALANCE||ANNUAL INTEREST RATE |
ON MARCH 14, 2020
|Up to and including $500,000||2.25%|
How is the tiered interest calculated?
The 2.25% interest rate applies to deposits up to and including $500,000 and the 1.00% interest rate applies to deposits above $500,000. The applicable tier interest rate applies to every dollar in the tier. Interest rates are annual. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account. All rates are subject to change at any time without prior notice.
You can deposit money into your High Interest Savings Account (HISA) by linking the account with your other financial institution or by transferring money from your LBC Digital Chequing Account.
|Daily banking fees|
|Monthly account fee||Free|
|Electronic fund transfers||Free|
|Transfers between LBC Digital accounts||Free|
|Non-sufficient funds (NSF)||$50.00|
|Early closure fee (within 90 days of opening)||$25.00|
|Overdrawn interest rate||21% per annum4|
|Dormant annual account fees5|
|2 years to 9 years||$25.00 per year|
|Monthly online statement||Free|
|Monthly paper statement||Free|
No monthly account fee2
No minimum balance required
No fees for INTERAC e‑Transfer®†
1LBC Digital HISA rates as of March 14, 2020. The 2.25% interest rate applies to deposits up to and including $500,000 and 1.00% interest rate applies to deposits above $500,000. The applicable tier interest rate applies to every dollar in the tier. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account. All rates are subject to change at any time without prior notice.
2Other fees may apply. Please see fee schedule for further details.
3Laurentian Bank is a member of the CDIC. To be eligible for deposit insurance, deposits must be held in Canadian currency and payable in Canada. To find out more about deposit insurance from the CDIC, including what instruments and/or products are eligible for deposit insurance, visit cdic.ca or call 1-800-461-CDIC (2342). For a copy of the CDIC brochure Protecting Your Deposits, visit lbcdigital.ca.
4Interest is calculated daily on the closing overdrawn balance and charged monthly. Each month you will deposit an amount that will cover the monthly overdrawn interest.
5Inactive account notices will be sent at two, five and nine years of inactivity. If inactive notice is acknowledged within 60 days, there is no charge. If the balance of the dormant account is less than the fee to be collected, the charges correspond to the remaining balance.
®†INTERAC, INTERAC e-Transfer and INTERAC Debit are registered trademarks of Interac Corp. Used under license.
All fees are subject to applicable federal and provincial taxes when applicable and may change without prior notice.
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Monday to Friday,
8 a.m. ET – 10 p.m. ET
Saturday and Sunday,
9 a.m. ET – 5 p.m. ET