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 2.5% higher than the average 0%. Also it is -2.5 % lower than the highest rate Updated Jun, 2018
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 2.5% higher than the average 0%. Also it is -2.5 % lower than the highest rate Updated Jun, 2018
Type
Fixed
Rate
2.50%
Currency
CAD
Q: Does your bank have branches in USA or 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.
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