Summit Savings Account®
Earn more, spend less
Summit Savings Account®
Saving is simpler when your money stays with you. Pairing no monthly fee with free transfers between other CWB accounts, the Summit Savings Account® keeps more interest-earning dollars working for you, so you can spend it on what you want when you want it. With no fees for transfers between CWB accounts, the Summit Savings Account® can complement other CWB personal accounts to help clients maximize their return on funds they do not require in their day to day life.
Rate & Fees
| $0 - $15,000,000.00 | 0.600% |
| $15,000,000.01 & over | 0.600% |
Effective date: 24-May-2022 Interest is calculated on the daily closing balance at the applicable rate tier and paid on the last day of the month, for the period beginning on the last day of the previous month and ending on the second last day of the month. Interest and rate tiers are subject to change without notice. Interest is paid in the currency of the account. All rates are per annum and are subject to change without notice.
| Monthly fee | Free |
| Transaction fee* | $5.00 |
Your deposits may be insurable by the Canada Deposit Insurance Corporation