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| Interest Calculation and Payment |
| Interest Calculation and Payment |
Tiers |
Rate (%) CA$ Account |
Rate (%) US$ Account |
| Day by Day Interest Plus US |
Less than
$1,000 |
N/A |
0.000 |
|
$1,000
to
$4,9992 |
N/A |
0.050 |
|
$5,000 to
$9,999 2 |
N/A |
0.100 |
|
$10,000
and more2 |
N/A |
0.100 |
| Investment Excellence3 |
Less than
$5,000 |
0.050 |
N/A |
|
$5,000
to
$24,999 |
0.050 |
N/A |
|
$25,000
to
$59,999 2 |
0.100 |
N/A |
|
$60,000
to
$99,999 2 |
0.400 |
N/A |
|
$100,000
and more2 |
0.500 |
N/A |
Legal notice
1. Progressive annual interest varies depending on the tier involved. Interest is calculated on the daily minimum balance and paid monthly.
2. Interest rate applicable on the portion of the balance exceeding the lower limit of the bracket. The Bank reserves the right to change interest rates and rates tiers without prior notice.
3. Although still active, this type of account is no longer offered by Laurentian Bank.
Periodic Savings and Investment Plan
The Goal Getter |
| Product |
Details |
Term |
Rate (%) CA$ Account |
| Budget Plan1 |
Interest is calculated on the minimum monthly balance and paid semi-annually. |
- - - |
0.010 |
| The Project Planner 1, 2 |
Interest is calculated on the minimum monthly balance and paid one month after term. |
- - - |
0.300 |
Security Plan 1
|
Interest is calculated on the minimum monthly balance and paid semi-annually. |
0-11 months |
0.080*
0.000** |
|
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12-23 months |
0.150*
0.010** |
|
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24-35 months |
0.220*
0.080** |
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36-47 months |
0.290*
0.150** |
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48-59 months |
0.360*
0.220** |
|
|
Base rate |
0.010 |
|
|
Bonus rate |
0.070 |
Legal notice
1. Rate effective as of October 13, 2020.
2. These accounts are no longer offered
* Rate including bonus
**Rate minus penalty
| High-Interest Savings Account |
| Tier |
Annual Interest Rate1 |
| Up to and including $500,000 |
3.00% |
| Balance of $500,000 or more |
3.00% |
Legal notice
1. Some terms and conditions apply. The annual interest rate is subject to change at any time. Simple interest is calculated on the daily minimum balance and is paid monthly based on the tiers. Laurentian Bank reserves the right to change the annual interest rate by posting a rate sheet in each of its branches and on this page.
| Active accounts no longer offered |
| Product |
Details |
Rate (%) CA$ Account |
| "À la carte"1 |
The annual interest rate is calculated on the daily closing balance and paid on April 30 and October 31. |
0.050 |
RIQ1
(Réseau des ingénieurs du Québec)
OSPE1
(Ontario Society of Professional Engineers) |
The annual interest rate is calculated on the monthly closing balance and paid monthly. |
0.050 |
| Extra Plan and Extra Plan+1 |
The annual interest rate is calculated on the monthly closing balance and paid monthly. |
0.250 |
| Personnal Internet Account1 |
The annual interest rate is calculated on the monthly closing balance and paid monthly. |
0.050 |
| Commercial Internet Acount1 |
The annual interest rate is calculated on the monthly closing balance and paid monthly. |
0.500 |
1. These accounts are no longer offered.
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