Canadian Western Bank (CWB) Business Savings Account
Savings
Description:
CWB’s Business Savings Account allows businesses to confidently grow their excess cash while maintaining easy and flexible access.
Comments on Funding:
This account offers the following features, and benefits:
– Monthly fee: $0.00;
– Debit fee: $5.00;
– Credit fee: $1.00;
– Rates: 2.050% – 3.050%.
Product Benefits:
– Earn premium interest: Earn competitive, tiered interest* paid monthly;
– Save on fees: No monthly fee;
– Earn on any balance: No minimum balance required;
– Online banking: Manage your account 24/7 with your Online Banking.
Continuous Intake
Eligibility:
Businesses seeking to earn more on their deposits.
Application Steps:
Applicants must connect with the Relationship Manager using the bank’s online contact form.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
1. 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.
2. Effective date: 27-Dec-2023 Posted rates available at branches only. All rates are per annum and are subject to change without notice.
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Maurice