Skip to main content
Ratehub logo
Ratehub logo

Compare the best Canadian Western Bank savings accounts

Want to open a CWB savings account? Why not compare your options? Find the highest-earning savings accounts in Canada from multiple banks in seconds.

let's get started

CWB savings accounts

Rates updated:

  • No Results
Viewing
  • all account types
  • high interest
  • RRSP
  • TFSA
  • youth
  • senior
with a balance of
  • $1,000
  • $5,000
  • $10,000
  • $50,000
  • $100,000
  1. 2.00%$100 first year return based on$5,000 balance
    Monthly fee
    $0.00
    Transaction fees
    $0.00
    E-transfer
    $0.00

Why Ratehub.ca?

A few things we're proud of

  • 1,200,000

    monthly users

  • 11 years

    young

  • Over 1M

    better choices made

  • Trusted partner

    to Canada’s top financial institutions

The best savings accounts in Canada

The knowledge bank

A wealth of knowledge delivered right to your inbox

By submitting your email address, you acknowledge and agree to Ratehub.ca‘s Terms of Use and Privacy Policy. Contact us for more information. You can unsubscribe at any time.

Ratehub logo

About Canadian Western Bank

Canadian Western Bank is a Schedule 1 bank that offers a range of business banking, personal banking, investing, and financial planning services. Based in Edmonton, Canadian Western Bank focuses solely on Western Canadian clients. Customers can access their accounts either online, at a branch, or through an ATM. Currently, Canadian Western Bank has branches in British Columbia, Alberta, Saskatchewan, and Manitoba.


Compare Canadian Western Bank savings accounts

 

Canadian Western Bank Summit Savings Account

The Canadian Western Bank Summit Savings Account is the bank’s highest paying savings account. The Summit Savings Account features a tiered interest rate, which pays a higher rate on balances of $15,000 or more. Interest will be paid to you monthly and no monthly balances are required. However, transaction fees will apply to all transactions except internal transfers into your other Canadian Western Bank accounts.

Canadian Western Bank Youth Account

Canadian Western Bank has one of the most competitive savings rates compared to other providers who offer youth accounts. While the interest rate is tiered, the best rate for this account can be made on balances above $500. Moreover, Canadian Western Bank’s youth account features no monthly fee. Transactions and internal transfers can also be made without any additional charges.

Canadian Western Bank Peak Performance Account

The Canadian Western Bank Peak Performance Account is an everyday savings account that pays interest monthly. The Peak Performance Account doesn’t require any monthly fees but transactions and all transfers will be subject to charges after the first two free withdrawals are made. The interest rate is tiered such that a higher interest rate can be made on balances of above $5,000 or above $25,000.

 

Canadian Western Bank Peak Performance Gold Leaf Plus

The Performance Gold Leaf Plus account pays interest monthly and has a tiered interest rate that pays higher savings rates when you keep a balance above $5,000 or above $25,000. This is Canadian Western Bank’s senior savings account and you must be at least 57 years of age to qualify for it. There are no transaction fees or transfer fees.


Compare other Canadian Western Bank products

Canadian Western Bank offers a number of personal banking accounts, including chequing accounts. You can also get a loan or a mortgage at this bank.


Get the best savings account

Canadian Western bank only serves clients located in the provinces of Western Canada. If you’re not located in British Columbia, Alberta, Saskatchewan, or Manitoba, you may need to find a different financial institution to bank with. To find savings accounts that are comparable to those offered by Canadian Western Bank, you can use our savings account comparison tool to find an account that's right for you.

About Ratehub.ca

Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.

When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place.

Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.

How does Ratehub.ca make money?

Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

read more about us