This website uses cookies to establish a secure connection and personalize your experience. By continuing you consent to the use of cookies. For more information and instructions on how to opt out of cookies, visit the Website Privacy Policy. If you choose to opt out this message will continue to appear.

Website Privacy Policy
  1. Home
  2. GIC Rates
teal navy blue and orange triangles background

Earn with confidence

Choose from a variety of CWB investments to make your
financial goals a reality.

Start investing

On This Page:

GIC specials* Fixed long-term GICs Fixed short-term GICs Floating rate redeemable CWB Prime rate

GIC specials*

GIC specials*
 Special term*  Rate*
 14-month  5.000%
 39-month  4.500%

*Limited time offer for 14-month and 39-month non-redeemable personal and business Canadian dollar denominated GICs only, available until June 30, 2023, $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 both non-registered and registered products, including RRSPs, RRIFs and TFSAs. All rates are calculated on a per annum basis (compounded annually and paid at maturity), and subject to change without notice. No further discretion is allowed (this includes Gold Leaf and Prestige bonuses).

To learn more about this offer and GICs covered by CDIC fill out the form below.

Fixed long-term GICs

Fixed long-term GICs

Effective date: 05-June-2023

Term

Annual
interest
Monthly payment option;
Annual interest1

Monthly payment option;
Gold Leaf PLUS® Annual interest2
US Dollar
Annual interest
 
US Dollar
Monthly payment option;
Annual interest1

1-year 4.550%  4.300%  4.550%   3.400%
3.150% 
2-year 4.300%  4.050%  4.300%
3.400% 3.150% 
3-year 4.200% 3.950%  4.200%  3.300% 3.050% 
4-year 4.100%  3.850% 4.100%  3.300%
3.050% 
5-year 4.100% 3.850%
4.100%  3.500%  3.250%
6-year 4.100%
3.850%
4.100%
3.500%
3.250%
7-year 4.200%
3.950%
4.200%
3.500%
3.250%
8-year 4.400%
4.150%
4.400%
3.500%
3.250%
9-year 4.400%
4.150%
4.400%
3.500%
3.250%
10-year 4.400%
4.150%
4.400%
3.500%
3.250%

Minimum $1,000 CAD deposit. Available to Personal & Business clients in CAD funds only. 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 CAD subject to change without notice, and interest is paid out at maturity. For deposits greater than $5,000,000, please contact your local 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. To learn more about GICs covered by CDIC visit: Canada Deposit Insurance Corporation | Canadian Western Bank. To learn more about this offer, fill out the form below to talk to a Relationship Manager.
1Monthly interest payment is available only if interest is deposited to a CWB account or electronically transferred to an account at another financial institution.
2The Gold Leaf Plus package is available to clients 57 and over, and waives the 0.25% rate reduction for monthly interest payments. The rate reduction applies if monthly interest is not deposited into a CWB account.

Fixed short-term GICs

Fixed short-term GICs

Effective date: 05-June-2023

Term
(days)
Canadian US dollar
1-6
0.150% 
7-20
0.150% 
21-29
0.150% 
30 2.100%  1.500% 
60 2.300%  1.500% 
90 2.400% 
1.500% 
120 2.700%  2.000%
180 3.100%
2.300%
270 3.450%
2.800%
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 branches only. Applicable for deposits up to $100,000 and subject to change without notice. For deposits greater than $100,000, please contact your branch.

Floating rate redeemable

Floating rate redeemable

Effective date: 05-June-2023

Term  Canadian1 US dollar2
30 days to 1 year 3.600%  3.000%
1-3 years 3.600% 
Minimum $1,000 deposit. Posted rates available at Canadian Western Bank branches only. Applicable for deposits up to $100,000 and subject to change without notice. For deposits greater than $100,000, please contact your branch.
1For deposits maturing prior to 1 year, interest is paid at maturity. For deposits maturing in 1 year or longer, interest is compounded annually.
2Interest is paid at maturity. 

CWB Prime rate

CWB Prime rate

Effective date: 05-June-2023

 CWB Prime rate  6.700%
 CWB USD Prime rate  8.250%

family having fun at home on the floor

WestEarner® TFSA GIC

All the security you expect from a guaranteed investment certificate (GIC) bundled with the tax-free earnings of a Tax Free Savings Account (TFSA). Earn competitive, guaranteed interest rate and don’t pay tax on any interest earned. Set your account to renew automatically for maximum convenience.


Get started today

Connect with a CWB relationship manager about your investment options.

By submitting this form, you confirm your understanding and agreement with CWB’s Privacy Policy and Legal Disclaimer