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CWB Business Trust AccountTM

Our interest paying account for lawyers and realtors to hold trust funds.

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CWB Business Trust AccountTM

A convenient and secure account for funds you’re temporarily holding as a trustee. Interest is remitted automatically on your behalf to the law or real estate foundation.

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What's included

Earn on any balance

No minimum investment required

No monthly fee

Earn interest automatically, with no monthly fee

Available in Canadian and US funds

Detailed reporting

Detailed month end statements for accurate record keeping


Rate
CWB Business Trust Account (CAD) interest rate1 2.25%
CWB Business Trust Account (USD) interest rate2 0.00%

Fees
Monthly fee
 $0.00
Electronic transactions3 Unlimited
Paper transactions4 Unlimited
Outgoing Interac e-Transfer® transactions $1.00
1Linked to CWB Canadian Prime Rate. CWB CAD Prime Rate is the variable annual interest rate published by us from time to time and is the interest rate we will use as a reference to determine (1) the variable interest rate that we will charge for loans provided by us in Canadian dollars in Canada and (2) the variable interest rate paid on certain guaranteed investment certificates.
2Linked to CWB US Dollar Prime Rate. CWB USD Prime Rate is the variable annual interest rate published by us from time to time and is the interest rate we will use as a reference to determine the variable interest rate that we will charge for loans provided by us in US dollars and (2) the variable interest rate paid on certain guaranteed investment certificates.
3Electronic transactions include: online bill payments and transfers, Automated Teller Machine (ATM) transactions, Interac Direct Purchase payments, electronic funds transfers, direct deposits, automatic payments, and other electronic debits and credits. For fee schedules for Cash Management Services, please contact your Relationship Manager or local CWB banking centre.
4Paper transactions include: cheque deposits, cheque withdrawals, in-branch deposits, withdrawals, bill payments and branch assisted transactions.
®Interac e-Transfer is a registered trademark of Interac Corp. Used under licence. 
Effective date: 02-December-2024

 

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Complementary Product

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Trust Fund Investment Account

An intelligent solution that lets you best serve the needs of your clients. Easily combine with a CWB Business Trust AccountTM to make redemption.

Learn more

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