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 Online Privacy and Interest-Based Advertising Statement. If you choose to opt out this message will continue to appear.

Online Policy Statement
  1. Home
  2. Investing
  3. 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*

Effective date: 08-November-2024

 Special terms*  Rates*
 13-month  3.80%
 29-month  3.70%

*Limited time offer for 13-month and 29-month non-redeemable personal Canadian denominated GICs, available until March 3, 2025, $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 only), and subject to change without notice. No further discretion is allowed (this includes Gold Leaf, Prestige and Staff bonuses). To learn more, 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.

Fixed long-term GICs

Fixed long-term GICs

Effective date: 08-November-2024

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 3.30% 3.05% 3.30% 4.10%
3.85% 
2-year 3.15% 2.90% 3.15%
3.70% 3.45%
3-year 3.05% 2.80% 3.05%  3.60% 3.35%
4-year 3.00% 2.75% 3.00% 3.55%
3.30% 
5-year 3.00% 2.75%
3.00%  3.50%  3.25%
6-year 2.90%
2.65%
2.90%
3.50%
3.25%
7-year 2.90%
2.65%
2.90%
3.50%
3.25%
8-year 2.90%
2.65%
2.90%
3.50%
3.25%
9-year 2.90%
2.65%
2.90%
3.50%
3.25%
10-year 2.90%
2.65%
2.90%
3.50%
3.25%

Minimum $1,000 deposit. Posted rates available at Canadian Western Bank banking centres only. All rates are calculated on a per annum basis and subject to change without notice. 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.
Your deposit may be eligible for CDIC deposit insurance. To learn more, 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.
2The Gold Leaf Plus package is available to clients 57 and over, and the 0.25% rate reduction is waived 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: 08-November-2024

Term
(days)
Canadian US dollar
1-6
0.15% 
7-20
0.15%
21-29
0.15% 
30 2.75% 2.00%
60 2.80% 2.00% 
90 2.85%
2.00%
120 2.90% 2.50%
180 3.00%
2.80%
270 3.10%
3.00%

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 and subject to change without notice. Applicable for deposits up to $100,000 and subject to change without notice. For deposits greater than $100,000, please contact your banking centre.
Your deposit may be eligible for CDIC deposit insurance. To learn more, visit: Canada Deposit Insurance Corporation | Canadian Western Bank.


Floating rate redeemable

Floating rate redeemable

Effective date: 08-November-2024

Term  Canadian1 US dollar2
30 days to 1 year 3.25% 2.50%
1-3 years 3.25%

Minimum $1,000 deposit. Posted rates available at Canadian Western Bank banking centres only and subject to change without notice. Posted rates available at Canadian Western Bank banking centres only. All rates are calculated on a per annum basis. Funds redeemed prior to 30 days pay no interest.
1Linked to CWB Canadian Prime Rate 
2Linked to CWB US Dollar Prime Rate
Your deposit may be eligible for CDIC deposit insurance. To learn more, visit: Canada Deposit Insurance Corporation | Canadian Western Bank.

CWB Prime Rate

CWB Prime Rate

Effective date: 08-November-2024

 CWB Prime Rate1  5.95%
 CWB USD Prime Rate2  7.75%
CWB 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 paid on certain guaranteed investment certificates. This rate is not for US Dollar loans in Canada.

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

logo for Canada Deposit Insurance Corporation - la Société d’assurance-dépôts du CanadaCanadian Western Bank is a member of the Canada Deposit Insurance Corporation (CDIC).