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  1. Small Business
  2. Solutions
  3. Business Savings Account

Business Savings Account for small business

Earn more on your small business savings and keep easy access to your money

small plant business

Business Savings Account

Explore our low-risk, interest-earning savings account that is perfect for small business owners.

Confidently grow your business's excess cash while maintaining easy and flexible access.

Save for the future of your small business today.
The Business Savings Account is perfect for business clients looking to earn competitive interest and maintain easy access to surplus funds. The account can operate as a peace-of-mind investment for small business owners who often need instant access to their savings to handle unforeseen business costs or growth opportunities.

​​Earn interest, mitigate risk, and grow your business for the future.
required documentation
To apply for our small business accounts, you will need the following documentation ready:
  • Most recent tax return
  • Business registration documents
  • Corporate ownership document, CRA Schedule 50, or Corporate Share Registry
  • Emails and legal names of all additional signers or owners that own more than 25% of the business

What's included

View the features of the CWB Business Savings Account to see if it is the right fit for your business.
Interest rates
Tiered interest
No minimum balance
Keep saving without penalty
Credit transaction
Debit transaction
No monthly account service fee
Rates*
$0 - $250,000 2.05%
$250,000.01 - $15,000,000 2.40%
$15,000,000.01 & over 3.05%
*Interest is calculated on the daily closing balance at the applicable rate tier and paid on the last day of the month, for the period beginning on the last day of the previous month and ending on the second last day of the month. Interest and rate tiers are subject to change without notice. Interest is paid in the currency of the account.
Effective date: ‎05-Feb-2024 Posted rates available at branches only. All rates are per annum and are subject to change without notice.

Business Savings Account fees
Monthly fee
$0.00
Debit fee $5.00
Credit fee $1.00
There are some fees associated with your Canadian Western Bank business savings account.
Helpful tip: To avoid transaction fees, you can transfer the money to and from a complementary CWB business chequing account and complete the transaction in the chequing account.

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