CWB Canadian Western Bank

Floating rate redeemable term deposit

Accessible funds that earn you more

Take advantage of increasing interest rates while keeping your funds accessible in a floating rate redeemable term deposit.

The rate is calculated based on the CWB Prime. If rates go up, so does your investment. If rates decline, you can fully redeem your deposit and interest with no interest penalty anytime 30 days after investing.

 Term  30 days to 3 years
 Minimum investment  $1,000.00
 Interest rate  Floats with CWB Prime
 Interest paid

 Deposits up to 1 year: paid at maturity

 Deposits 1 year or longer: compounded annually

  • Maintain access to your funds with the option to redeem anytime and with no interest penalties after the first 30 days.
  • The monthly interest option for Gold Leaf PLUS® clients provides a steady income stream.

Term

Rate
 30 days to 3 years 0.450%
Minimum $1,000.00 deposit. For deposits maturing prior to 1 year, interest is paid at maturity. For deposits maturing in 1 year or longer, interest is compounded annually.

Effective date: 5-December-16

Posted rates available at branches only. All rates are per annum and are subject to change without notice.

CWB Prime

CDN 2.700%
US    3.500%

Get started now

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

Find a branch near you