High Interest Savings Account (HISA)
Available to existing LBC Digital clients only.*
Account features
Earn up to
2.75%1
Earn interest on your daily account balance
$0
No minimum balance required
No monthly account fee2
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 July 6, 2020, the annual interest rate for the LBC Digital HISA on deposits up to and including $500,000 changed from 2.05% to 1.65%. The annual interest rate on deposits over $500,000 changed from 1.00% to 0.65%.
What are the tiers?
| ACCOUNT BALANCE | ANNUAL INTEREST RATE* |
|---|---|
| Up to and including $500,000 | 2.75% |
| $500,000.01+ | 2.75% |
*All rates are subject to change at any time without prior notice.
How is the tiered interest calculated?
The 2.75% interest rate applies to deposits up to and including $500,000 and the 2.75% 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.
Are you ready for more?
Get started now with a GIC
Guaranteed to keep what’s invested plus interest, consider a GIC as part of your well-balanced portfolio.
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
| Monthly account fee | Free |
| Cheque clearing | Free |
| Electronic fund transfers | Free |
| Transfers between LBC Digital accounts | Free |
| Pre-authorized deposits | Free |
| 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 |
| 2 years to 9 years | $25.00 per year |
| 10 years | $40.00 |
| Monthly online statement | Free |
| Monthly paper statement | Free |
Chequing Account
$0
No monthly account fee2
No minimum balance required
Disclaimer
*The LBC Digital High Interest Savings Account (HISA), LBC Digital Chequing Account and non-registered LBC Digital GICs (purchased via onlinebanking.lbcfg.ca) are only available to existing LBC Digital clients. Restrictions may apply.
1LBC Digital HISA rates as of close of business on September 19, 2024. The 2.75% interest rate applies to deposits up to and including $500,000 and 2.75% 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.
All fees are subject to applicable federal and provincial taxes when applicable and may change without prior notice.
