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Summit Savings Account® for everyday savings

Grow your savings with the best everyday savings account

Summit Savings Account® for everyday savings

Saving is simpler when your money stays with you. Pairing no monthly fee with free transfers between other CWB accounts, the Summit Savings Account® keeps more interest-earning dollars working for you, so you can spend it on what you want when you want it. With no fees for transfers between CWB accounts, the Summit Savings Account® can complement other CWB personal accounts to help clients maximize their return on funds they do not require in their day to day life.

Explore Summit Savings Account Apply now
You have financial goals and the CWB savings account offering can help you achieve them. With a Summit Savings Account, you earn interest on your money and your funds are available if you need them in a hurry. Save money faster while spending less with high interest rates and low fees. Compare everyday savings accounts for the short term benefits you want to reach your long-term goals faster.

You get:

Competitive interest rates earn you more

Experience the rewards of earning more on your deposits effortlessly and consistently.

Free transfers makes moving funds easy

Enjoy the flexibility and convenience of moving your money within CWB accounts without worrying about fees.

Free EXHANGE®Network ATM Withdrawals

With free EXCHANGE®
 Network ATM withdrawals, access your cash anytime and anywhere with convenience and ease. No extra charges or fees.

$0 monthly fee

Increase your earning potential. No monthly fees attached.

With every CWB banking plan you get

24-7 online access
Enjoy 24/7 online access to your account, anytime and anywhere. Stay connected, manage your finances, and stay in control.
A mobile app to keep you connected to your finances
Stay connected to your finances with our mobile app, allowing you to track and manage your accounts with ease. Convenient and secure.
Self-serve features to save you time
Simplify your banking tasks with our self-serve features that save you valuable time. Take control of your finances with ease.
Enhanced security to keep your identity and money safe
Protect your most valuable assets - your identity and money. Rest assured knowing your financial well-being is in good hands.

Interest rates

$0 - $15,000,000.00 1.20%
$15,000,000.01 & over 1.20%

Effective date: 9-September-2024 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. All rates are per annum and are subject to change without notice.

Account fees

There are some fees associated with this account.

Helpful top: To avoid transaction fees, you can transfer the money to and from a complementary CWB chequing account and complete the transaction from your chequing account.

Monthly fee Free
Transaction fee1 Free$5.00
1 Transactions are any manual or electronic debits including but not limited to: withdrawals, cleared cheques, bank draft issuance, debit card transactions, ATM transactions, pre-authorized payments, wire transfers or bill payments.

Open a Summit Savings Account

Connect with a CWB Relationship Manager who can help you choose the right banking plan to help you meet your goals. Weather you have questions about interest rates, transaction fees, online banking or just how to grow your savings faster, our Relationship Managers can guide you along the way. Complete the form below and we'll be in touch soon.

By submitting this form, you confirm your understanding and agreement with CWB’s Privacy Policy and Legal Disclaimer

Complementary Product

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Elevated Daily Banking with the CWB PrestigeTM Account

CWB Prestige offers the absolute most for your money by providing clients with preferential interest rates, CWB World Elite® Mastercard® privileges and priority banking privileges. These include but are not limited to, special rates, a dedicated relationship manager and a unique debit card.

Learn more

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