CWB Canadian Western Bank

General Trust Account

Our interest paying account for lawyers and realtors to hold trust funds

  • A convenient account for funds you are only holding temporarily as a trustee.
  • Your interest is remitted automatically to your law or real estate foundation.
  • Your month-end statement contains all of the information you need to help ensure your records are accurate.
  • Easily combine this account with a Trust Fund Investment Account to hold your segregated trust funds.
  • You earn interest automatically with no minimum balance requirements.
  • A monthly interest remittance summary is provided for you as the trustee and also sent automatically on your behalf to the law or real estate foundation.
  • You don’t pay service charges* for account operation.
  • Access your accounts online 24/7 with CWBdirect®  Business Online Banking.
Monthly fee $0.00
Transactions included Unlimited transfers between CWB accounts
Debit and credit fee $0.00

$0 - $2,500,000 0.750%
$2,500,000.01 - $5,000,000 0.750%
$5,000,000.01 - $10,000,000 0.750%
$10,000,000.01 & Over 0.750%
Interest is calculated on the average monthly credit balance at applicable rate tier and remitted monthly directly to the relevant provincial Law or Real Estate Foundation. Interest and rate tiers are subject to change without notice. Interest is paid in the currency of the account.

Effective date: 24-October-16
Posted rates available at branches only. All rates are per annum and are subject to change without notice.

Get started now

Stop by your local branch or call today to get started. One of our business banking specialists will be pleased to help you.

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*See the complete listing of related service charges including payment and other sundry services.