GIC rates

On This Page:

Fixed long-term Fixed short-term Floating rate redeemable

Fixed long-term

Rate specials*


*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: 01-June-20

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 1.100%  0.850%  1.100%  1.100%
0.850% 
24 1.400%  1.150%  1.400%
1.060% 0.810% 
36 1.500% 1.250%  1.500%  1.070% 0.820% 
48 1.650%  1.400% 1.650%  1.100%
0.850% 
60 1.800% 1.550%
1.800%  1.150%  0.900%
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

Fixed short-term

Effective date: 01-June-20

Term
(days)
 Canadian US dollar1
1-6 See branch for details 0.150% 
7-20 See branch for details 0.150% 
21-29 See branch for details 0.150% 
30 0.450%  0.150% 
60 0.600%  0.150% 
90 0.900% 
0.150% 
120 0.950%   —
180 1.000%
 —
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

Floating rate redeemable

Effective date: 01-June-20

Term  Canadian1 US dollar2
 30 days to 1 year 1.10%  0.550%
1-3 years 1.10% 
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: 01-June-20

 CWB Prime rate  2.45%
 CWB USD Prime rate  3.25%