Ultimate Choice® Account
Ultimate Choice is our premier personal banking package with the most features. Check out the highlights below or visit any of our branches for more details on the features and benefits of this all-in-one account.
- Your deposits receive a high rate of interest. No need to invest in short-term GICs.
- Personal lines of credit ensure that borrowing needs are met in a timely fashion. No worries about funds not being available.
- A $200 credit towards legal and/or appraisal fees when applying for a CWB residential mortgage or Home Equity Line of Credit.
- The annual fee is waived for your Canadian Western Trust (CWT) Self-Directed RRSP account when it is opened at one of our branches and includes deposits with CWB, CWT or Mutual Funds sold through Canadian Western Financial Ltd.
- All your day-to-day transactions and services are included in one monthly fee.
$25.00 per month. Fee is waived if your minimum monthly balance is $20,000 or more.
Apex® Account
Our Canadian Western Bank Apex® Account offers a complete package of banking services for one low monthly fee.
Apex® Banking Package features:
- CWBdirect® Internet Banking
- In-Touch Telephone Banking®
- Unlimited chequing
- Unlimited Interac® Direct Payment transactions
- Up to 8 free bank machine access transactions per month. See Banking at ABMs
- No fee utility bill payments
- Monthly electronic paperless statement with cheque images
- Free personalized cheques
- Daily interest on your account balance. See Interest Rates
- No fee for US and Canadian travellers cheques, and Canadian bank drafts
- No fee for certification of personal cheques
- Personal Line of Credit (upon approval)
$14.25 per month. Fee is waived if your minimum monthly balance is $5000 or more.
Gold Leaf PLUS® Package
A special value-added account for our customers aged 57 and up. Enjoy the benefits of our full service Gold Leaf PLUS® package and compare the added benefits and features that you'll also receive, at no cost.
Gold Leaf PLUS® includes all the features of our Apex® Banking Package PLUS:
- Option of interest paid monthly on GICs
- $15.00 annual reduction on safe deposit box rental
Summit Savings Account®
Do you have savings that you want to remain easily accessible yet earn a high rate? Then get the best of both worlds with our high interest savings account.
Summit Savings Account features:
- Interest is calculated on the total daily closing balance once it reaches $5,000 and paid monthly. Interest is calculated on the portion of the balance within each tier.
- Balances less than $5,000 do not earn interest.
- Free transfers to and from your CWB chequing account via our CWBdirect® Internet banking, In-Touch Telephone Banking® or in-branch transactions
- See Interest Rates
Peak Performance® Account
This interest bearing account pays interest on tiered balances with the added flexibility of chequing privileges.
Peak Performance Account features:
- Monthly electronic paperless statement with cheque images at no extra charge
- ABM access
- CWBdirect® Internet Banking and In-Touch Telephone Banking® access at no extra charge
- See Interest Rates
No per item charge if a balance greater than $10,000 is maintained.
For minimum monthly balances less than $10,000 - two free debit items (excluding ITTB bill payments) then $1.25 per item.
Standard Chequing Account
This is a flexible, low fee chequing account. While an unlimited number of monthly transactions are allowed, it is most cost effective if you make less than 8 transactions per month.
Standard Chequing Account features:
- Monthly electronic paperless statement with cheque images at no extra charge
- Personalized cheques available at cost
- ABM access
- CWBdirect® Internet Banking and In-Touch Telephone Banking® access at no extra charge
Minimum charge of $4.00 per month. Fee is waived if your minimum monthly balance is $1000 or more. After the 8 free transactions then the following fees will apply:
- Cheques, In-Branch Withdrawls and Transfers $0.75 each
- Electronic Items (IDP) $0.60 each
- ABM Withdrawls $1.50 each (Non-Exchange Network)
- ABM Withdrawls $0.60 each (Exchange Network)
U.S. Dollar Personal Chequing Account
This account allows you the convenience of depositing and issuing cheques in U.S. currency.
U.S. Dollar Personal Chequing Account features:
- Monthly electronic paperless statement with cheque images.
- $1.00 USD per item. Minimum monthly charge of $2.00 USD.
Student Account
An account tailored to students age 18-26 who are also enrolled in post secondary education.
Student Account Features:
- 30 free "Self-Serve" transactions per month. "Self-Serve" transactions are:
- The Exchange Network® ABM withdrawals
- POS/Interac® Direct Payment
- In-Touch Telephone Banking transactions
- CWBdirect online banking transactions
- Pay per "Full-Service" transaction. These include:
- Cheques
- In-branch withdrawals, deposits and bill payments
- CWBdirect Internet Banking and In-Touch Telephone Banking access at no extra charge
- No annual fee Student MasterCard® available, on approval from MBNA. See your branch to apply.
No monthly fee.
Please note: We require proof of enrollment in post-secondary studies be presented annually.
Youth Account
For Youth age 0-18, our Youth Account is designed to grow with you. With no monthly fee and special interest rates, you can really watch your savings grow!
So, what's the deal?
- We pay you interest on your savings, starting from the first penny you deposit. And, our rates are great; so you can watch your savings really grow! See Interest Rates.
- See one of our tellers to help you put in or take out money - Free!
- 15 "self-serve" transactions free. "Self-serve" transactions mean:
- The Exchange Network® ABM (Bank Machine) withdrawals
- Interac® or Debit purchases
- Online banking transactions, with CWBdirect
- Telephone banking transactions, with In-Touch Telephone Banking
- Free online and telephone banking access.
PLUS, if you keep over $2,000 in your account the whole month, you will not pay any service charges!
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