If you want to change the password, then save your master file with the password, do your thing, and then change the master file's password to something else. As Compile will show you, SaveCopyAs only has one input parameter.
Tip: Debug.Print can be a good debugging tool to show results in the Immediate window after a run. e.g.
Sub ken()
Dim filepath2 As String, Filename3 As String, CBfile As String, CB As String
Dim file_date As Date, cbpass As String
file_date = Date
CB = "RRRP"
CBfile = "MyWORK " & Format(file_date, "mmm-yyyy ") & CB
filepath2 = "H:\Monthly MI\Excel_Suites\"
'filepath2 = "c:\t\"
Filename3 = CBfile & " v1" & ".xlsm"
cbpass = "RRRP"
Debug.Print filepath2 & Filename3
ActiveWorkbook.SaveCopyAs filepath2 & Filename3
End Sub
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