Laurentian bank 3.3% saving interest

LBC Digital High Interest Savings Account*

Since 2003, Laurentian Bank has been available only in Quebec, but with the recent launch of a new digital offering at LBCDigital.ca, the institution is tempting clients from across the country. The headline news is a rate of 3.30% in their high interest savings account with no minimum balance and no monthly fees, easily topping most financial institutions’ best rates on GICs, which lock in your money for a specified period of time. With the LBC Digital High Interest Savings Account, you can access funds whenever you like, and frequently used services including electronic fund transfers, pre-authorized deposits, and transfers between LBC Digital accounts are included. This last is important as it means you can move your money to an LBCDigital.ca chequing account, from which you can make unlimited free Interac e-Transfers.

Promotions: None
Interest rate: 3.30%
Minimum balance: None
Free transactions per month: Unlimited
Fee for Interac e-Transfers: Free
Fees for extras: None
CDIC insured: Eligible on deposits up to $100,000 in Canadian funds that are payable in Canada and have a term of no more than 5 years
Other restrictions: Non-sufficient funds (NSF), returned items, and overdrawn accounts are subject to fees, and if you close the account within 90 days there is a $25 penalty

The bank merged with Eaton Trust Company (in 1988), purchased Standard Trust's assets (1991), acquired La Financière Coopérants Prêts-Épargne Inc., and Guardian Trust Company in Ontario (1992), acquired General Trust Corporation in Ontario, and purchased some Société Nationale de Fiducie assets and the brokerage firm BLC Rousseau (1993).

In 1993, the Desjardins-Laurentian Financial Corporation became the new majority shareholder of Laurentian Bank of Canada, following the merging of the Laurentian Group Corporation with the Desjardins Group. The bank purchased the Manulife Bank of Canada’s banking service network and the assets of Prenor Trust Company of Canada in 1994.

In 1995, the bank acquired 30 branches of the North American Trust Company.

In 1996, one of its subsidiaries acquired the parent corporation of Trust Prêt et Revenu du Canada. A few months later, the withdrawal of its main shareholder, Desjardins-Laurentian Financial Corporation, prompted the Laurentian Bank to become a Schedule 1 Bank under the Bank Act, on par with all the other large Canadian banks.

reference:
https://www.moneysense.ca/save/best-high-interest-savings-accounts-canada/
https://en.wikipedia.org/wiki/Laurentian_Bank_of_Canada
https://en.wikipedia.org/wiki/List_of_banks_and_credit_unions_in_Canada
https://www.lbcdigital.ca/en/saving/high-interest-savings-account?gclid=CjwKCAiAlO7uBRANEiwA_vXQ-25d4o1mQ6wrFQwChzXyVK8HcuP41eYeQRl8yw5TGDY3YW4A61XecBoCNgMQAvD_BwE&gclsrc=aw.ds