Choose a country
Canada
Choose a city
Choose a city
Choose a language
English
Select country
Choose a country
Canada
Canada
España
México
Philippines
United States
Việt nam
Казахстан

Canadian Western Bank Deposits of february 2023

Open a deposit at Canadian Western Bank verified by our specialists. On 08.02.2023 23 deposits are available to you.

Offers: 23

Updated
05.01.2023
16:50
Youth Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
Rate
i

Effective interest rate on the product

up to 0.500%
Gold Leaf PLUS® Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
Standard Chequing Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $4.00 monthly fee
Apex® Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $14.25 monthly fee
US Dollar Chequing Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
CWB Prestige™
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Student Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
WestEarner® fully redeemable RRIF GIC
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$5,000 minimum deposit
Rate
i

Effective interest rate on the product

0.900%
Term
i

Loan term for the financial product

12-60 months
WestEarner® Premium RRIF GIC
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$5,000 minimum deposit
Rate
i

Effective interest rate on the product

up to 4.400%
Term
i

Loan term for the financial product

12-120 months
WestEarner RRIF account®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$50 minimum deposit
Rate
i

Effective interest rate on the product

0.900%

Other types of deposits

GoDay
1.6
JUDGEV
JUDGEV
26.05.2022 at 15:46
the application is easy and takes less then 5 mins to fill out. but the funding time is quite long. if looking for instant funding then its not here...
Review
Canadian Western Bank Deposits of february 2023

Types of CWB deposits

  1. Savings accounts: 
    • Summit Savings Account with no monthly fee and free transfers between other CWB accounts. The interest rate is 1.250% for any balance without a minimum balance. Transaction, ATM withdrawal fee of $5 is applied. The fee for Interac e-Transfer is $1.
    • Flex Notice Account without a monthly fee and maximum deposit limit give flexible access to funds. You can make a deposit anytime and use two withdrawal notice options — 31 or 93 days. The interest rate is linked to prime.
    • USD Flex Notice Account has the same conditions as CAD Flex Notice Account but allows saving in American dollars.
    • US dollar savings account with an interest rate of 0.8% offers free transfers between CWB accounts without a monthly fee. No minimum balance is required. The transaction fee for withdrawal is $5.
  2. Registered Savings Accounts and GICS (Guaranteed Income Certificates): Tax Free Savings Accounts (TFSA) and GIC, Registered Retirement Savings Plans (RRSPs) account and GICs, Registered Retirement Income Fund (RRIF) account and GICs, Registered education savings plan (RESP) offer great interest rates and different types of GICs.
  3. Chequing accounts: Standard Chequing Account, Apex® Account, US Dollar Chequing Account, Gold Leaf PLUS® Account, Youth Account, Student Account, CWB Prestige™ without a monthly fee or with an opportunity to waive it. Free unlimited transaction options are provided.

      Requirements

      To be eligible for a CWB account, you should:

      • Be a Canadian resident
      • Be the age of majority in your province or territory
      • Have a valid Social Insurance Number (SIN) or driver's license (optionally)
      • For a Flex Notice Account, you need to maintain a minimum balance of $25,000
      • For Gold Leaf PLUS Account, you should be over 57
      • For the Youth Account — be at the age between 0 and 18
      • Eligibility requirements apply to qualify for CWB Prestige benefits. Contact the nearest branch for further information.

      Pros and cons

      Pros

      • No monthly fee options
      • Easy-to-use transfers and deposits
      • The good interest rate for USD account
      • Special offers for youth, students, seniors
      • Great choice of GICs and access to all main types of registered savings plans

      Cons

      • Minimum balance required options
      • Transaction fees for non-CWB accounts operations and ATM withdrawal fees may be applied
      • Other fees may be charged
      • No specific information about eligibility criteria on the website
      • Some accounts are unavailable to apply online

        How to make a deposit?

        You may open a savings account at the banking office, online, by phone, or by filling in the short form at the website under the wanted product. Then, enter your contact information and click the «Connect with CBW» button to get a call from the Relationship manager.

        If you are already a CWB client, log into your online banking to open additional accounts. You may also contact your branch or email personal-onboarding@cwbank.com.

        Online application is not available for US dollar, and Flex Notice accounts.

        Transfer funds from your CWB account to contribute to your CWB savings account anytime — easily and free through online banking.

        To transfer money between your CWB accounts:

        1. Log in to your online banking account.
        2. Select «Move Money» — «Transfer between accounts».
        3. Choose the accounts to transfer from and fill in an amount. You can choose the frequency and date of your transfer.
        4. Click «Continue» and «Confirm».

        FAQ

        Can I deposit USD with CWB?

        Yes, you can. CWB has USD accounts without a monthly fee: US Dollar Chequing Account with a $1 transaction fee operating in $US, US dollar savings account with an interest rate of 0.8%, and a USD Flex Notice Account with a variable rate and flexible access.

        How to set up Autodeposit?

        To register Autodeposit, log into your CWB.digital account, choose «Move money» — «Interac e-Transfer» — «Interac e-Transfer Autodeposit» — «Add new registration.» Then, enter the email and account to link your contact method and the account where funds will be deposited. You will get an email at the specified address to complete the registration. 

        Can I use a CWB Savings account without a fee?

        Canadian Western Bank offers Summit Savings Account with no monthly fee. You may transfer money between your CWB accounts free of charge and earn the interest at the rate of 1.250% for any balance. But you will have to pay fees for other transactions, ATM withdrawals, and Interac e-Transfers.