GIC rates

On This Page:

Rate specials*

16 months 2.26%

27 months 2.40%


*Available for a limited time only. Rate subject to change without notice. On RRSP/RRIF/TFSA or regular GICs $1,000 minimum investment. Interest is compounded annually, paid at maturity. See your branch for details. 

Fixed long-term

Effective date: 16-Sept-19

Term
(months)

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

12 2.140%  1.890%  2.140%  2.000%
1.750% 
24 2.200%  1.950%  2.200%
2.040% 1.790% 
36 2.240% 1.990%  2.240%  2.010% 1.760% 
48 2.270%  2.020% 2.270%  2.000%
1.750% 
60 2.310% 2.060%
2.310%  2.030%  1.780%
Minimum $1,000 deposit. Posted rates available at Canadian Western Bank branches only. All rates are calculated on a per annum basis, applicable for deposits up to $5,000,000 and subject to change without notice. For deposits greater than $5,000,000, please contact your branch.
1Monthly interest 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

Effective date: 16-Sept-19

Term
(days)
 Canadian US dollar1
1-6 See branch for details 0.400% 
7-20 See branch for details 0.450% 
21-29 See branch for details 0.500% 
30 1.851%  0.650% 
60 1.860%  0.800% 
90 1.871% 
0.950% 
120 1.881%   —
180 1.900%
 —
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.
1May not exceed 90 days. 
Floating rate redeemable

Effective date: 16-Sept-19

Term  Canadian1 US dollar2
 30 days to 1 year 1.700%  1.250%
1-3 years 1.700% 
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. Personal investments only. 
CWB Prime rate

Effective date: 16-Sept-19

 CWB Prime rate  3.95%
 CWB USD Prime rate  5.250%