CWB Canadian Western Bank

Fixed rate mortgages

Choose security and peace of mind

Choosing a fixed rate mortgage means:

  • You get a locked in interest rate that won’t change over the length of the term.
  • Your payments are set and won’t change.

If you have a set budget, a fixed rate mortgage might be right for you.


Posted Rate1 Special Offer1,2
 6 month open  6.39%  
 1 year open  6.01%  
 1 year closed  3.59% 3.34%
 2 year closed  3.75% 3.29%
 3 year closed  4.04% 3.34%
 4 year closed  4.44% 3.44%
 5 year closed



Effective Date: 18-March-19

1Interest Rate compounded semi-annually, not in advance. Interest Rate may be changed, extended or withdrawn at any time without notice. Promotional rates are discounted rates and are not the posted rates of CWB. Residential mortgages offered by CWB are subject to its standard lending qualification criteria. Assuming no additional fees are charged, the Annual Percentage Rate is the same as the Interest Rate. Interest Rate is calculated semi-annually, not in advance. Applies to residential real estate only, subject to meeting CWB credit granting criteria.

2This special rate is only available for CWB clients who meet the following criteria: 1. The borrower must have CWB's Ultimate Banking Package and $100,000 in investible assets on deposit with the CWB Financial Group; 2. The borrower must have CWB's Ultimate Banking Package and $1 million in combined business loans and deposits with CWB; or

3All borrowers must have a minimum credit score of 600; Gross Debt Service Ratio must be less than 39% and Total Debt Service Ratio cannot be higher than 44% based on the higher of the Bank of Canada qualifying rate or the customers' contract interest rate plus 200 bps; New CWB owner-occupied mortgages only for residential properties with one to four unit; Rental properties are not eligible and refinances are not eligible; Income confirmation criteria applies. See branch for further details.

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