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Canadian Western Bank

Canadian Western Bank 2 Year GIC Account


Type Fixed
Rate 2.50%
Currency CAD

Minimum $1,000.00 deposit.

Monthly interest is available only if interest is deposited to a CWB account or electronically transferred to an account at another financial institution. 

A 0.25% rate reduction applies if monthly interest is not deposited into a CWB account.


The rate of 2.50% is 0.68% higher than the average 1.82%. Also it is 0.41 % lower than the highest rate 2.91 Updated Jun, 2018

on Canadian Western Bank's secure website

Minimum $1,000.00 deposit.

Monthly interest is available only if interest is deposited to a CWB account or electronically transferred to an account at another financial institution. 

A 0.25% rate reduction applies if monthly interest is not deposited into a CWB account.


The rate of 2.50% is 0.68% higher than the average 1.82%. Also it is 0.41 % lower than the highest rate 2.91 Updated Jun, 2018

on Canadian Western Bank's secure website

Type Fixed
Rate 2.50%
Currency CAD

Compare Canadian Western Bank Deposit rates

Account Name Rate
Canadian Western Bank 5 Year GIC Account 3.10%
Canadian Western Bank 4 Year GIC Account 2.95%
Canadian Western Bank 3 Year GIC Account 2.75%

Compare 2 year rates in Canada

Account Name Rate
HSBC Canada 2 Year GIC 2.91%
Laurentian Bank 2 Year GIC 2.60%
Tangerine 2 Year GIC 2.60%

Canadian Western Bank Discussion

  • Q: Does your bank have branches in USA or Mexico?

    Reply Alberto from Ciudad Madero, Mexico
  • Q: Does Canadian Western Bank have a GIC that you can make biweekly or monthly contributions while waiting for maturation. I do not want to be able to access the money until maturation.

    Reply Maria Hicke from Victoria, Canada
  • Q: I recently had a 2 year GIC purchased from your bank to be deposited into my TFSA at BMO. However, I now note your details about no monthly interest and the 0.25% deduction if it is not deposited into a CWB account. My intention was to let all interest accumulate until the bond comes due. If this is the case, am I still losing 0.25% interest on this GIC? I am afraid I do not understand if this rate reduction applies in this case. Please explain. Thank you. Carole Chadwick

    Reply Carole from Kitchener, Canada