Want a faster way to save for a family vacation, home renovation, your retirement, your children’s education or a new car? Canadian Western Bank’s new WestEarner® Tax-Free Savings Account (TFSA) products can help you achieve your goals.
As of January 2009, all Canadian residents 18 years of age or older will be able to earn tax-free investment income within a tax-free savings account (TFSA).
Contact the branch nearest to you for more information and start saving!
- TFSA FAQ
- TFSA Calculator
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WestEarner® TFSA GIC
Canadian Western Bank's WestEarner® TFSA GIC is an excellent tax-free savings choice. With a minimum contribution of only $1,000 (interest compounded annually), this GIC offers you a competitive rate of interest guaranteed for the length of your term (1 to 5 years). Your funds can be automatically renewed or transferred to another TFSA option at maturity.
If you wish to redeem or transfer your investment prior to maturity, some restrictions apply. Please contact your branch for full details.
By purchasing a GIC, you eliminate the possibility of seeing your investment earn less should interest rates drop; you always earn the originally contracted rate if you maintain the full investment to maturity, regardless of market fluctuations.
Contact the branch nearest you for more details and start saving today!
WestEarner® High Rise TFSA GIC
Not sure if you'll need to access your investment before maturity? Canadian Western Bank's WestEarner® High Rise TFSA GIC provides the most flexibility. With a minimum contribution of only $1,000 (interest compounded annually), this GIC offers you a competitive rate of interest guaranteed for the length of your term (3 or 5 years). Your funds can be automatically renewed or transferred to another TFSA option at maturity.
How does it work?
If you redeem or transfer your investment on your GIC anniversary date, you receive the interest earned up to the anniversary date. If you wish to redeem or transfer your investment at any other time other than your anniversary date and prior to maturity, some restrictions apply. Please contact your branch for full details.
By purchasing a GIC, you eliminate the possibility of seeing your investment earn less should interest rates drop; you always earn the originally contracted rate if you maintain the full investment to maturity, regardless of market fluctuations.
With our WestEarner® High Rise TFSA GIC, interest rates escalate over your term. The longer your investment remains in the GIC, the more interest you earn!
Contact the branch nearest you for more details and start saving today!
WestEarner® TFSA Account
At CWB, we make it easy to maintain your TFSA contributions. Featuring the ultimate in flexibility, this account offers interest calculated on daily closing balance and paid monthly. Contributions and withdrawals can be made at any time, at your convenience. Take advantage of our automatic contribution feature, so you can arrange to have regular transfers from your account on a timetable that suits your needs and maximizes your tax-free savings potential.
For more details, contact your CWB branch.
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