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Email this10:13 pm
April 6, 2013
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Higher one year and five rates than Oaken and EQ Bank!
A bit weird though: Laurentian Bank is offering, through their branches, a slightly shorter 59 month GIC with the same 3¼%.
9:57 am
September 30, 2017
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1yr 2.30% is pretty damn good. 5yr way too long for now.
10:39 am
September 7, 2018
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hwyc said
1yr 2.30% is pretty damn good. 5yr way too long for now.
From the point of view of one who studied Economics seeing present inflation likely between 6% and 7% (if not more), I just cannot get so excited over a 2.3% return. And for those of us who pay income tax, the 2.3% may become much less when it comes to our buying power. Yes, I agree 5 years is too long right now to lock-in. But it may work for some for their specific situations - eg they definitely don't need to touch the money for 5 years, and perhaps their tax rate is low or nothing.
11:08 am
October 21, 2013
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What does that leave you, though, in any kind of one to five year commitment if 2.3 is too low and five years is too long?
I agree all these rates are inadequate in terms of inflation alone, never mind taxes which vary from person to person.
My conclusion is "cash" for now, with companion chequing accounts for quick exits if a peak appears to have been reached. I know that sounds nuts but it's the best I can come up with, using promo savings accounts which, so far this year, have been as good as or better than one year rates anyway.
11:22 am
September 7, 2018
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Loonie said
What does that leave you, though, in any kind of one to five year commitment if 2.3 is too low and five years is too long?
I agree all these rates are inadequate in terms of inflation alone, never mind taxes which vary from person to person.
My conclusion is "cash" for now, with companion chequing accounts for quick exits if a peak appears to have been reached. I know that sounds nuts but it's the best I can come up with, using promo savings accounts which, so far this year, have been as good as or better than one year rates anyway.
You ask what does it leave you? If you only want or believe in cash and GICs then there is nothing else. End of story.
11:58 am
September 30, 2017
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When there is a fire approaching and you sounded the alarm … that's good. Now we're roasting in the fire. Keep echoing that alarm would not help like before. 
We got the alarm. Turn it off, please?
12:25 pm
March 30, 2017
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canadian.100 said
You ask what does it leave you? If you only want or believe in cash and GICs then there is nothing else. End of story.
When I post here, when someone talks about GIC and HISA etc, I assume they "do" already know there are other alternatives such as div stocks, bonds, hedge fund investing, etc etc Talking about GIC and HISA specifically is because that is the portion of their portfolio the person like to keep it in cash/GIC, not because of their lack of knowledge of whats avail out there. In other words, neither real inflation rates nor tax rate becomes the driving decision.
12:35 pm
October 21, 2013
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canadian.100 said
You ask what does it leave you? If you only want or believe in cash and GICs then there is nothing else. End of story.
It's precisely these options that this forum exists to discuss.
3:08 pm
January 12, 2019
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Loonie said
It's precisely these options that this forum exists to discuss.
- This ⬆ ❗
I've been on this forum for over three years now,
but I still can't find the 'Like' button. 
- Dean
" Live Long, Healthy ... And Prosper! "
5:13 pm
September 7, 2018
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hwyc said
When there is a fire approaching and you sounded the alarm … that's good. Now we're roasting in the fire. Keep echoing that alarm would not help like before.
You sound like you are still in the frying pan. Fire is yet to come. Roasting has not yet started.
6:05 pm
December 20, 2019
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Is their cap still 500k?
6:42 pm
September 7, 2018
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KamWest said
Is their cap still 500k?
Edited - sorry below is for EQ - I now realize u were referring to LBC. My error.
For individual accounts the limit is still $200k, joint accounts is $500k but the way it works is if you have nothing in your individual account than you could deposit $500k into the joint account but if you have $200k in individual account, you would be able to deposit $300k into your joint account and then the other holder could deposit the additional $200k.
6:44 pm
April 6, 2013
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Yes.
This is from their FAQ:
How do I invest in a GIC?
You will need to have an LBC Digital HISA or Chequing Account in order to register for an LBC Digital GIC. If you don’t have one already, sign up today at https://onlinebanking.lbcfg.ca.LBC Digital clients can select “Buy GIC” link from the hamburger menu within their online banking.
…
How much can I invest in my GIC?
The minimum investment is $100 and the maximum is $500,000.
Please write your comments in the forum.