TFSA FAQ/Rules
Answers to your most common Tax-Free Savings Account questions
WestEarner® TFSA Account
WestEarner® TFSA Account
Make your money work harder and smarter with this high-interest Tax Free Savings Account (TFSA) that lets your funds grow without having to pay tax on your earnings. Withdraw or contribute funds at any time and don’t pay tax on any interest you earn. Automate your saving with the convenient automatic contribution feature.
Rates
|
Balance |
Annual Interest |
| $0 - $999.99 |
1.00% |
| $1,000 - $2,499.99 |
1.00% |
| $2,500 - $4,999.99 | 1.00% |
| $5,000 & over | 1.00% |
Effective date: 11-Dec-2023
Minimum $50 deposit.
Interest is calculated on the daily closing balance, at the applicable rate tier and paid to the account monthly.
Posted rates available at banking centres only.
All rates are per annum and are subject to change without notice. For deposits greater than $100,000, please contact your banking centres for rates.
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).