Offers
FlyerFunds Rebate
If you apply for the Laurentian Bank High Interest Savings Account through Frugal Flyer and are approved, you can receive an additional $50 paid directly to you.
Account Features
The Laurentian Bank High Interest Savings Account earns interest on all deposits, with no minimal balance to start saving. The interest rate is set according to the following tiers:
- 2.20% on all savings under $100,000.
- 3.20% on all savings from $100,000 up to $5,000,000.
- 1.00% on all savings over $5,000,000.
Fees
Monthly Fees
The Laurentian Bank High Interest Savings Account has no monthly fees.
Paper statements do have a charge of $3.00 per month, while eStatements are free.
Transaction Fees
The account has the following pay-per-use fees:
- Interac e-Transfer® transaction – $1.00 per transaction
- Interac e-Transfer Request Money – $1.00 per transaction
- Pre-authorized payment – $1.00 per transaction
Legal
* Some terms and conditions apply. The annual interest rate is subject to change at any time. Rates in effect are: Balance of less than $100,000: 2.20%. $100,000 to $5,000,000: 3.20%. $5,000,001 and over: 1.00%. 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 general notice in each of its branches and on the current rate page.
1 To learn more about terms and conditions of this product visit https://www.laurentianbank.ca/en/personal/accounts/high-interest-savings.