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GIC specials* Fixed long-term GICs Fixed short-term GICs Floating rate redeemable CWB Prime RateGIC 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% |
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.
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.