CWB Canadian Western Bank

Floating rate redeemable term deposit

Accessible funds that earn you more

Take advantage of increasing interest rates while keeping your funds accessible in a floating rate redeemable term deposit.

The rate is calculated based on the CWB Prime. If rates go up, so does your investment. If rates decline, you can fully redeem your deposit and interest with no interest penalty anytime 30 days after investing.

 Term  30 days to 3 years
 Minimum investment  $1,000.00
 Interest rate  Floats with CWB Prime
 Interest paid

 Deposits up to 1 year: paid at maturity

 Deposits 1 year or longer: compounded annually

  • Maintain access to your funds with the option to redeem anytime and with no interest penalties after the first 30 days.
  • The monthly interest option for Gold Leaf PLUS® clients provides a steady income stream.


 30 days to 3 years 1.700%
Effective date: 21-May-19
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.

CWB Prime

CDN 3.95%
US    5.500%

Get started now

Stop by your local branch or call today to get started. One of our banking specialists will be pleased to help you.

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