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New CWB rates
May 24, 2022
10:25 am
Alexandra
British Columbia
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September 24, 2019
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Canadian Western Bank (CWB) has some new special rates:

27Months @4.25%
23Months @4.08%
&
19Months@3.9%

The thing with them is you can go with Canadian Western Bank, Canadian Western Trust & Valliant Trust, each being separately insured under CDIC.

They are having "special rates" til sometime in July but ratesf-cool not guaranteed as they can obviously fluctuate but they are expecting a rise after June 1st.

May 24, 2022
11:04 am
Loonie
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Those of us who also deal with Motive Financial should be aware that Motive is a brand of Canadian Western Bank. Be careful that you don't inadvertently exceed CDIC insurance by having accounts at both.

May 24, 2022
11:30 am
Alexandra
British Columbia
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Loonie said
Those of us who also deal with Motive Financial should be aware that Motive is a brand of Canadian Western Bank. Be careful that you don't inadvertently exceed CDIC insurance by having accounts at both.  

Thanks Loonie, yes Motive and CWB is insured as one under CDIC. However CWT and Valliant are separate from CWB/Motive.

I'm not jumping into anything with anyone until at least June 1st. I will probably do some then though.....just in case.

July 4, 2022
3:29 pm
gicjunkie
Ontario
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New CWB GIC Rates

Fixed long-term
Effective date: 04-July-2022

Interesting new rates: 5 years@ 5.00% (can be paid monthly into Gold Leaf Plus seniors - over 57- account)

19-month GIC: 4.500%

23-month GIC: 4.650%

27-month GIC: 4.700%

https://www.cwbank.com/en/investing/gic-rates

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