Floating Rate GICs for business

An interest-bearing, accessible investment

Floating Rate Redeemable GIC (FLR)

Need more flexible access to your funds?

A CWB FLR can mean the best of both worlds for businesses who want to grow their cash without locking it up. “Floating” means the interest rate is tied to CWB Prime. If the Prime rate goes up, yours does too!

Combine this with the option to redeem penalty-free after 30 days and you’re all set to enjoy faster-growing, cashable funds that you can easily access if you need to.

Learn more

Minimum $1000 investment

Interest rate floats with prime

Interest paid at maturity for deposit up to a year

30 days to 3 year terms

Flexibility of a cashable GIC

Rates

Effective date: 15-October-2024

Term	Canadian¹	US dollar²
30 Days to 1 Year	3.65%	2.75%
1-3 years	3.65%	—

Minimum $1,000 deposit. Posted rates available at Canadian Western Bank banking centres only.
Applicable for deposits up to $100,000 and subject to change without notice.
For deposits greater than $100,000, please contact your banking centre. Funds redeemed prior to 30 days pay no interest.
All rates are calculated on a per annum basis (compounded annually and paid at maturity), and subject to change without notice.
¹Linked to CWB Canadian Prime Rate
²Linked to CWB US Dollar Prime Rate

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