Discreet Dolls
Toronto Escorts

Laurentian Bank 3.3% savings account

Smallcock

Active member
Jun 5, 2009
13,703
21
38

Smallcock

Active member
Jun 5, 2009
13,703
21
38
what's the catch ?
There is none. It's the same promotion that EQbank did last year when they offered 3%. It was reduced to 2.3% later in the year and that's where it remains.

The disclaimer is that they can change the rate at any time. Get it while it lasts. Even if it goes 1% lower, you're getting more than at the bigger banks.
 

Darts

Well-known member
Jan 15, 2017
23,061
11,160
113
what's the catch ?
Not a catch but they are experiencing "systems issues" (probably teething pains).

I haven't looked recently but I think their credit rating is in the AA territory. They are not a takeover target because their employees are unionized which likely means a high cost structure so they are probably creating an internet bank to lower their costs.
 

Smallcock

Active member
Jun 5, 2009
13,703
21
38
Not a catch but they are experiencing "systems issues" (probably teething pains).

I haven't looked recently but I think their credit rating is in the AA territory. They are not a takeover target because their employees are unionized which likely means a high cost structure so they are probably creating an internet bank to lower their costs.
That and the fact is they retreated back to Quebec years ago (stupid move) and are now trying to expand again. This promo is to get lots of people back on board and get their name out there.

Regardless of rating, they're a federally regulated bank and your first $100k is protected by the government.
 

Darts

Well-known member
Jan 15, 2017
23,061
11,160
113
Update: Their credit rating is in the A area, higher than Bell and Telus but not higher than the "Big 5". They also have a subsidiary (B2B Bank) also offering 3.3%.
 

Brotherman

Active member
Jan 17, 2004
1,156
2
38
Uhm people still do this? After you subtract inflation you’re not getting much.

Stocks, real estate investing is the only way to go.
 

Smallcock

Active member
Jun 5, 2009
13,703
21
38
Uhm people still do this? After you subtract inflation you’re not getting much.

Stocks, real estate investing is the only way to go.
You should be invested but also have cash on hand.
 

Darts

Well-known member
Jan 15, 2017
23,061
11,160
113
Uhm people still do this? After you subtract inflation you’re not getting much.

Stocks, real estate investing is the only way to go.
You should be invested but also have cash on hand.
I think it was Ronald Reagan who is rumored to have said you should have 1/3 in cash, 1/3 in stock, 1/3 in real estate. Not sure if true but does make sense.
 
Ashley Madison
Toronto Escorts