Compare the Best Canadian Western Bank Youth Savings Accounts

Looking for a cost effective way to teach your child about the importance of saving? Youth savings accounts are accounts that are generally restricted to Canadian residents under the age of 18, accompanied by very few, if any fees. Among the benefits of having a youth savings account are a high (if not unlimited) number of included transactions per month, and no minimum balance. Input the estimated balance of the account, then compare and find the best rate available.

Location Please ensure your location is correct in order to find the best rates available in your area.
Purchase Interest Rate Bank account Included Additional fees 1st year return
0.5% Interest rate tiers
If balance is Rate
$0.00 - $500.00 0.05%
$500.01 or more 0.50%
tiered interest rate
Internal transfer
$25 Get this rate Get more details
Interest rate tiers tiered interest rate
View details
Internal transfer
Get this rate

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.

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