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Strata Solution®/Condo Account

Strata Solution®/Condo Account

Keep your property operating at its best with an account designed specifically for the needs of your condo/strata association. 

Why choose a condo account?

Pair your operating account with a Strata Solution®/Condo Reserve Investment Account and grow your reserve funds with competitive interest rates. Simplify your record keeping with free monthly electronic statements with cheque images. Access your accounts 24/7 with CWBdirect® or CWBdirect® Business Online Banking.

Rates
$0 - $10,000 0.000%
$10,000.01 - $50,000
0.100%
$50,000.01 - $500,000 0.150%
$500,000.01 - $1,000,000 0.200% 
$1,000,000.01 & over 0.200% 

 

Fees
Monthly fee* Minimum $0.00
Debit and credit fee From $0.50 per item

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.

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

CDIC logo Your deposits may be insurable by the Canada Deposit Insurance Corporation

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