11:25:06 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Canadian Western Bank
Symbol CWB
Shares Issued 80,451,130
Close 2015-08-28 C$ 25.26
Market Cap C$ 2,032,195,544
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Cdn Western Bank, BBBS to offer Greater Interest GIC

2015-08-31 12:18 ET - News Release

Ms. Angela Saveraux reports

THE GREATER INTEREST GIC(R) RETURNS THIS SEPTEMBER

Canadian Western Bank and Big Brothers Big Sisters of Canada (BBBS) are teaming up again this year to offer the Greater Interest GIC. This product, unique to CWB, gives clients the opportunity to earn a guaranteed return while setting in motion a corporate donation from the bank, based on the amount invested. To ensure local kids benefit, donations are directed to the BBBS agency operating in the city or region where the investment is made.

"If you're looking for a low-risk investment and have interest in positively impacting your community, this might be the right product for you," said Keith Hughes, CWB's senior vice-president of business and personal banking. "It's a win-win for our clients and the communities they live in, and we see great results every year. Our clients have the opportunity to add value within their investment portfolio, and local kids get a boost to mentorship programs aimed at supporting their learning and development."

Starting Sept. 1, 2015, and until Oct. 29, 2015, the Greater Interest GIC is available in all CWB branches. Clients can choose from four competitive rates based on terms ranging from 13 months to 49 months.

"The more than $1.6-million in support we've received from Canadian Western Bank over the past eight years has had a significant impact on our work with at-risk youth," said Joel Porter, BBBS Canada's national vice-president of development. "CWB's people really understand the value of our programs and have committed to helping us achieve success. They're a great partner, and we're very much looking forward to this year's campaign."

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