Laurentian Bank's Two-Day Black Friday Offer: A Two-Year GIC with Double the
Current Interest Rate
MONTREAL, Nov. 22, 2012 /CNW Telbec/ - In line with the spirit of Black
Friday, Laurentian Bank is offering those looking for higher returns on their
investments the opportunity to double the interest rate on a two-year
Guaranteed Investment Certificate (GIC). For two days only — Friday,
November 23 and Monday, November 26 — the rate offered on fixed Laurentian
Bank GIC's non-redeemable for two years will be raised to 2.4%(1).
"The Black Friday phenomenon is huge and is extending beyond the American
border today into previously unthought of markets like the banking sector,"
underlines Stéphane Gagnon, Senior Vice-President of Marketing and Product
Management at Laurentian Bank. "As such, our retail clients now have access to
an offer that is hard to resist — a return on a solid investment vehicle
that is actually double the rate currently in effect. But, like in the case of
all good things, they must act while the offer lasts!"
Clients can take advantage of this opportunity by stopping by any of the
Bank's 157 branches. The 2.4% GIC can be integrated into registered vehicles
like RRSPs and TFSAs, as well as into a non-registered account. A minimum
amount of $500 is required to invest. The funds cannot come from a Laurentian
Bank account or an account with any of the Bank's subsidiaries. Finally, the
offer is not applicable to a renewal. Interested clients looking for more
information are invited to consult an advisor at their local Laurentian Bank
branch, or to call Client Service at (514)252-1846 or 1800 252-1846.
About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that manages
more than $35 billion in balance sheet assets and over $32 billion in assets
under administration. Founded in 1846, Laurentian Bank was selected in 2012 as
one of the 10 winners of the Canada's Passion Capitalists program in
recognition of its sustained success through the promotion of passion within
its ranks. The Bank employs more than 4,000 people.
Recognized for its excellent service, accessibility and conviviality,
Laurentian Bank serves more than one million clients within market segments in
which it holds an enviable position. In addition to occupying a prime place
among consumers in Québec, where it operates the third largest branch
network, the Bank has built a solid reputation across Canada in the area of
real estate and commercial financing thanks to its teams working out of more
than 35 offices in Ontario, Québec, Alberta and British Columbia. For its
part, the institution's B2B Bank subsidiary is a Canadian leader in the
provision of banking products to financial advisors and brokers, while
Laurentian Bank Securities' expertise and effective integrated brokerage
services are also widely recognized nationwide.
1. Certain conditions apply. This offer may be changed at any time without
prior notice. A 1.20% supplement is applicable to the 2 year GIC rate. The
2-year GIC rate is 1.20% as of November 22(nd), 2012. The supplement is
applicable if the client obtains the product between November 23(rd), 2012 and
November 26(th), 2012. This offer is applicable only to funds transferred from
a financial institution other than Laurentian Bank. Renewal of investments
held at Laurentian Bank and other GICs are not eligible for this offer. The
2-year GIC rate may be changed at any time without notice. To purchase the
2-year GIC, a minimum investment of $500 is required. For investments
transferred from another financial institution, the basic applicable 2-year
GIC rate will be the rate in effect at the time the funds are received. This
offer is valid until November 26th, 2012.
Mary-Claude Tardif Public Relations Advisor 514284-4500, extension 4695
SOURCE: LAURENTIAN BANK OF CANADA
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-0- Nov/22/2012 17:27 GMT
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