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  4. Business Savings Account

Business Savings Account

Earn more on your deposits while having easy access to your money

Put your extra cash to work with a CWB business banking savings account.
Business women sitting in her retail shop

Business Savings Account

Confidently grow your business's excess cash, all while maintaining easy and flexible access.
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What's included

Earn premium interest

Earn competitive, tiered interest* paid monthly

Earn on any balance

No minimum balance required

Save on fees

No monthly fee 

Online banking

Manage your account 24/7 with Online Banking
Rates*
$0 - $250,000 1.65%
$250,000.01 - $15,000,000 2.20%
$15,000,000.01 & over 2.70%
*Interest is calculated on the daily closing balance at the applicable rate tier and paid on the last day of the month, for the period beginning on the last day of the previous month and ending on the second last day of the month. Interest and rate tiers are subject to change without notice. Interest is paid in the currency of the account.
Effective date: ‎20-May-2025 Posted rates available at branches only. All rates are per annum and are subject to change without notice.
Business Savings Account fees
Monthly fee
 $0.00
Debit fee $5.00
Credit fee $1.00
There are some fees associated with your Canadian Western Bank business savings account.
Helpful tip: To avoid transaction fees, you can transfer the money to and from a complementary CWB business chequing account and complete the transaction in the chequing account.

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

logo for Canada Deposit Insurance Corporation - la Société d’assurance-dépôts du Canada

Effective March 1st, 2025, the following CDIC member institutions have amalgamated: Canadian Western Bank (CWB) and National Bank of Canada (NBC). Upon the amalgamation of these entities, eligible deposits held at CWB migrated to NBC. Click the CDIC logo for more detailed information.

Complementary Product

Flex Notice Summary

Flex Notice Account

With a CWB Flex Notice Account, make more on your surplus funds with a high-earning flexible investment option. 

Learn more

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