Laurentian Bank is offering investors a new GIC with a guaranteed minimum return and the potential for high yields.
The Income ActionGIC is an investment vehicle whose return is based on the performance of the Standard & Poors/TSX 60 index, which groups leading Canadian companies in various industry sectors.
The GIC offers a guaranteed minimum return of 8% over a five-tear term. It is especially well suited to investors seeking to take advantage of growth potential in the Canadian stock market while enjoying the assurances of protected capital and a guaranteed minimum return, Laurentian Bank says.
The GIC, which is eligible for RRSPs, RRIFs and TFSAs, is available as of Friday at all Laurentian Bank branches and online at www.banquelaurentienne.ca.
IE
Laurentian Bank offering Income ActionGIC
Product offers a guaranteed minimum return of 8% over a five-tear term
- By: IE Staff
- January 30, 2009 January 30, 2009
- 10:35
IE Staff