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  3. Floating Rate Redeemable GIC

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.

Rates

Effective date: 10-June-2024

Term Canadian1 US dollar2
30 Days to 1 Year
4.25% 3.25%
1-3 years 4.25%

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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