Business GIC rates
On This Page:
Business GIC specials Fixed long-term Business GICs Fixed short-term Business GICs Floating rate redeemable CWB Prime RateBusiness GIC specials
Business GIC specials
Effective date: 16-September-2024
| Special terms* | Rates* |
| 13-month | 4.30% |
| 25-month | 4.10% |
*Limited time offer for 13-month and 25-month non-redeemable business Canadian denominated GICs, available until September 30, 2024, $1,000 minimum. Offer is open to new and existing deposits, including renewals for clients at CWB, CWB Trust Services & Valiant. Eligible deposit types include non-registered products. All rates are calculated on a per annum basis (compounded annually and paid at maturity only), and subject to change without notice. No further discretion is allowed.
Fixed long-term Business GICs
Fixed long-term GICs
Effective date: 16-September-2024
| Term |
Annual interest |
Monthly payment option; Annual interest1 |
US Dollar Annual interest |
US Dollar Monthly payment option; Annual interest1 |
| 1-year | 3.70% |
3.45% | 4.30% |
4.05% |
| 2-year | 3.50% | 3.25% | 4.00% | 3.75% |
| 3-year | 3.45% | 3.20% | 3.90% | 3.65% |
| 4-year | 3.35% | 3.10% | 3.85% |
3.60% |
| 5-year | 3.35% | 3.10% |
3.85% | 3.60% |
| 6-year | 3.25% |
3.00% |
3.60% |
3.35% |
| 7-year | 3.25% | 3.00% |
3.80% |
3.55% |
| 8-year | 3.25% |
3.00% |
3.80% |
3.55% |
| 9-year | 3.25% |
3.00% |
3.80% | 3.55% |
| 10-year | 3.25% |
3.00% |
3.80% | 3.55% |
Minimum $1,000 deposit. Posted rates available at Canadian Western Bank banking centres only. All rates are calculated on a per annum basis, applicable for deposits up to $5,000,000 and subject to change without notice. For deposits greater than $5,000,000, please contact your banking centre. CWB takes reasonable steps to provide up-to-date, accurate and reliable information but is not responsible for any errors or omissions contained herein.
Your deposit may be covered by CDIC. To learn more about GICs covered by CDIC visit: Canada Deposit Insurance Corporation | Canadian Western Bank.
1For investments in Canadian dollars, monthly interest payment is available only if interest is deposited to a CWB account or processed via Electronic Funds Transfer. For USD deposits, interest must be deposited to a CWB USD account.
Fixed short-term Business GICs
Fixed short-term GICs
Effective date: 16-September-2024
| Term (days) |
Canadian | US dollar |
| 1-6 | — | 0.15% |
| 7-20 | — | 0.15% |
| 21-29 | — | 0.15% |
| 30 | 2.80% | 1.80% |
| 60 | 3.05% | 1.80% |
| 90 | 3.10% | 1.80% |
| 120 | 3.30% | 2.30% |
| 180 | 3.55% | 2.60% |
| 270 | 3.65% | 2.80% |
Minimum $5,000 deposit. All rates are calculated on a per annum basis and interest is paid at maturity. Posted rates available at Canadian Western Bank banking centres only. Applicable for deposits up to $5,000,000 and subject to change without notice. For deposits greater than $5,000,000, please contact your banking centre.
Your deposit may be covered by CDIC. To learn more about GICs covered by CDIC visit: Canada Deposit Insurance Corporation | Canadian Western Bank.
Floating rate redeemable
Floating rate redeemable
Effective date: 16-September-2024
| Term | Canadian1 | US dollar2 |
| 30 Days to 1 Year |
3.75% | 3.25% |
| 1-3 years | 3.75% |
— |
Minimum $1,000 deposit. Posted rates available at Canadian Western Bank banking centres only. Applicable for deposits up to $5,000,000 and subject to change without notice. For deposits greater than $5,000,000, please contact your banking centre. Posted rates available at Canadian Western Bank banking centres only. All rates are calculated on a per annum basis.
1Linked to CWB Canadian Prime Rate
2Linked to CWB US Dollar Prime Rate
CWB Prime Rate
CWB Prime Rate
Effective date: 16-September-2024
| CWB Prime Rate1 | 6.45% |
| CWB USD Prime Rate2 | 8.50% |
1CWB 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.
2CWB 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.
Flex Notice Account
With a CWB Flex Notice Account, make more on your surplus funds with a high-earning flexible investment option.
See the complete listing of related service charges including payment and other sundry services.
Canadian Western Bank is a member of the Canada Deposit Insurance Corporation (CDIC).