Canadian Western Bank

Canadian Western Bank 5 Year GIC Account


Type Fixed
Rate 3.10%
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 3.10% is 0.69% higher than the average 2.41%. Also it is 0.4 % lower than the highest rate 3.50 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 3.10% is 0.69% higher than the average 2.41%. Also it is 0.4 % lower than the highest rate 3.50 Updated Jun, 2018

on Canadian Western Bank's secure website

Type Fixed
Rate 3.10%
Currency CAD

Compare Canadian Western Bank Deposit rates

Account Name Rate
Canadian Western Bank 4 Year GIC Account 2.95%
Canadian Western Bank 3 Year GIC Account 2.75%
Canadian Western Bank 2 Year GIC Account 2.50%

Compare 5 year rates in Canada

Account Name Rate
Meridian Credit Union 5 Year GIC 3.50%
Laurentian Bank 5 Year GIC 3.30%
HSBC Canada 5 Year GIC 3.2%

Canadian Western Bank Discussion

  • Q: how is the interest calucatied on the 2.8%, is it monthly annually, etc

    Reply Ruth from Chestermere, Canada
  • Q: I am interested in recommending my investors/savers to purchase CWB GIC's. Can you let me know what needs to be done to become a CWB deposit broker? thks. gm

    Reply Gino from Toronto, Canada