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LBC Digital High Interest Savings Account (HISA)


Work hard, save hard. Smart saving habits start with a competitive interest rate, and we’re here to deliver.

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Account features

Earn up to

2.05%1

Earn interest on your daily account balance

 

$0

No minimum balance required

No monthly account fee2

 

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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 of Canada is a CDIC member so coverage is free and automatic.3

LBC Digital HISA interest rate change

Effective June 1, 2020, the annual interest rate for the LBC Digital HISA on deposits up to and including $500,000 changed from 2.25% to 2.05%.

 

What are the tiers?

 

ACCOUNT BALANCE ANNUAL INTEREST RATE
ON JUNE 1, 2020
Up to and including $500,000 2.05%
$500,000.01 + 1.00%

 

How is the tiered interest calculated?

The 2.05% 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.

Questions?

What types of accounts does LBC Digital offer?
  • High Interest Savings Account (HISA)
  • Chequing Account
  • GIC

 

How can I deposit money into my savings account?

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.

 

Fees

Fee
schedule

 
Effective October 20, 2019

 

Fee schedule

Effective October 20, 2019
Daily banking fees  
Monthly account fee Free
Cheque clearing Free
Electronic fund transfers Free
Transfers between LBC Digital accounts Free
Pre-authorized deposits Free
Other fees  
Returned items $5.00
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
10 years $40.00
Record keeping  
Monthly online statement Free
Monthly paper statement Free

Chequing Account

$0

 

No monthly account fee2

No minimum balance required

 

Free

No fees for INTERAC e‑Transfer®†

Disclaimer

 

 

1LBC Digital HISA rates as of  June 1, 2020. The 2.05% 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 of Canada is a member of the CDIC. Only deposits payable in Canada are eligible to be insured under the Canada Deposit Insurance Corporation Act. For more information about deposit protection, visit cdic.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.

 

Are you ready?

Get started now

Apply for your LBC Digital High Interest Savings Account today.

 

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Real people ready to answer your questions

Monday to Friday, 8 a.m. ET – 10 p.m. ET

Saturday and Sunday, 9 a.m. ET – 5 p.m. ET

Monday to Friday,
8 a.m. ET – 10 p.m. ET

Saturday and Sunday,
9 a.m. ET – 5 p.m. ET

In order to answer your questions and reduce wait times, we invite you to go to our FAQ section.

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