Deposit insurance from the CDIC
Laurentian Bank of Canada is a Canada Deposit Insurance Corporation (CDIC) member institution. LBC Trust and Laurentian Trust of Canada Inc. are subsidiaries of Laurentian Bank of Canada and CDIC members in their own right.

The CDIC is a federal Crown corporation that protects eligible deposits payable in Canada at each CDIC member institutions up to a maximum of $100,000 (principal and interest combined, calculated in Canadian dollars) per insured category.

NEW! Starting April 30, 2020, the CDIC has extended its deposit protection to include your eligible deposits:

  • held in foreign currencies; and
  • with terms greater than 5 years.

For more information regarding the protection of your deposits by CDIC, you may contact the CDIC by calling 1-800-461-7232 or visiting cdic.ca, or read the Canadian Deposit Insurance Corporation (CDIC) abbreviated brochure.

A detailed list of CDIC eligible deposits held at Laurentian Bank of Canada, LBC Trust and Laurentian Trust of Canada Inc.

LAURENTIAN BANK OF CANADA

List of trade names:

  • Private Banking

Deposit accounts

+ Interest accounts

  • À la carte1
  • Cash Account2,3,4,5
  • Investment Excellence
  • Tax Account
  • Trust Account for Professionals
  • LBC Digital Chequing Account6
  • LBC Digital Hight Interest Savings Account (HISA)6
  • Day By Day Interest Plus US Account

+ Non-interest accounts

  • Chequing Account1
  • Chequing Savings1
  • Current Account (commercial clients)
  • Day by Day1
  • Operations Account
  • Prime Savings1
  • Senior Citizen Account1
  • Foreign Currency Account (commercial clients)

+ Periodic Savings and Investment Plan – The Goal Getter

  • Budget Plan
  • Project Plan1
  • Security Plan

+ Registered plans

  • Guaranteed investment product and cash in a registered retirement savings plan (RRSP)
  • Guaranteed investment product and cash in a tax-free savings account (TFSA)
  • Guaranteed investment product and cash in a registered retirement income fund (RRIF)

+ Investments

  • Guaranteed investment certificate (GIC)2,3,4,5,7
  • Blue Chip ActionGIC2,3,4,5
  • Canadian ActionGIC1,2,3,4,5
  • Canadian Growth ActionGIC1,2,3,4,5
  • GIC Xtra1,3,5,6
  • Multi-Rater GIC1,2,3,4,5
  • Multi-Rater Xtra GIC1,3,4,5
  • Term deposit (TD)2,3,4,5

+ Other

  • Certified cheque
  • Bank draft


LBC TRUST

List of trade names:

  • Nil

+ Investments

  • Guaranteed investment certificate (GIC)3,4,5
  • Blue Chip ActionGIC3,4,5
  • Canadian ActionGIC1,3,4,5
  • Canadian Growth ActionGIC1,3,4,5
  • GIC Xtra1,3,4,5
  • Multi-Rater GIC1,3,4,5
  • Multi-Rater Xtra GIC1,3,4,5
  • Term deposit (TD)3,4,5

Legal notice

1. Although still active, this type of account is no longer offered by Laurentian Bank.
2. Conventional Retirement Savings Plan.
3. Conventional Retirement Savings Plan, Locked-In Retirement Account, Group Retirement Savings Plan and Fixed-Term Annuity Savings Plan.
4. Tactical Retirement Savings Plan, Tactical Group Retirement Savings Plan, Tactical Retirement Income Fund, Tactical Life Income Fund and Tactical Locked-In Retirement Account.
5. Self-Directed Retirement Savings Plan, Self-Directed Locked-In Retirement Account, Self-Directed Fixed-Term Annuity Registered Savings Plan and Self-Directed Retirement Income Fund.
6. Available only through an online application on LBC Digital. For more details, see: https://www.lbcdigital.ca/en/index.
7. GIC offered through online applications on LBC Digital are non-registered and non-redeemable. For more details, see: https://www.lbcdigital.ca/en/index.