Rates

Account Interest Rates

Savings Accounts

Rates Effective: December 10, 2018

Motive™ Savings Account1,2 Rates
$0 - $2,500 1.50%
$2,500.01 - $5,000 1.50%
$5,000.01 - $1,000,000 1.50%
$1,000,000.01 - $5,000,000 1.50%
$5,000,000.01 and over 0.50%
Motive Savvy Savings Account™1,3 Rates
$0 - $2,500 2.80%
$2,500.01 - $5,000 2.80%
$5,000.01 - $1,000,000 2.80%
$1,000,000.01 - $5,000,000 0.25%
$5,000,000.01 and over 0.25%

Registered Products

Motive™ RSP Savings Account4 Rates
$0 - $2,500 0.25%
$2,500.01 - $5,000 1.25%
$5,000.01 - $1,000,000 1.25%
$1,000,000.01 - $5,000,000 1.25%
$5,000,000.01 and over 1.25%
Motive™ TFSA Savings Account1 Rates
$0 - $2,500 2.40%
$2,500.01 - $5,000 2.40%
$5,000.01 - $25,000 2.40%
$25,000.01 - $60,000 2.40%
$60,000.01 and over 2.40%

Chequing Accounts

Motive™ Chequing Account1 Rates
$0 - $2,500 0.60%
$2,500.01 - $5,000 0.60%
$5,000.01 - $1,000,000 0.60%
$1,000,000.01 - $5,000,000 0.60%
$5,000,000.01 and over 0.60%
Motive Cha-Ching Chequing Account™1 Rates
All Balances 0.25%
$2,500.01 - $5,000 0.25%
$5,000.01 - $1,000,000 0.25%
$1,000,000.01 - $5,000,000 0.25%
$5,000,000.01 and over 0.25%

Legal Things Expand/Collapse

1Interest is calculated on the daily closing balance at the applicable rate tier and paid on the last day of the month, for the period beginning on the last day of the previous month and ending on the second last day of the month.  

2If you have more than one Motive Savings Account, where combined Motive Savings Account Balances exceed $5 million, the posted rate for $5,000,000.01 and over will apply.

3If you have more than one Motive Savvy Savings Account, where combined Motive Savvy Savings Account Balances exceed $1 million, the posted rate for $1,000,000.01 and over will apply.

4Interest is calculated on the daily closing balance at the applicable rate tier and paid on December 31st.

Notes Regarding Interest Earned on Deposit Accounts:
1. Interest will accrue on deposited funds as of the date funds are deposited.
2. Interest rates and rate tiers are subject to change without notice.
3. Interest is paid in the currency of the account.


GICs and Term Deposits

Non-Redeemable Motive™ GICs1,3 Rates
12 Month Term 2.80%
24 Month Term 3.20%
36 Month Term 3.30%
48 Month Term 3.40%
60 Month Term 3.45%
Non-Redeemable Motive™ RSP GICs2 Rates
12 Month Term 2.80%
24 Month Term 3.20%
36 Month Term 3.30%
48 Month Term 3.40%
60 Month Term 3.45%
Motive™ TFSA GICs1,4 Rates
12 Month Term 2.80%
24 Month Term 3.20%
36 Month Term 3.30%
48 Month Term 3.40%
60 Month Term 3.45%

Legal Things Expand/Collapse

1Minimum balance of $1,000 required.
2Minimum balance of $500 required.
3The holder has the option to receive interest paid annually into a Motive Savings Account or to have the interest compounded annually and paid at maturity.
4Fully redeemable at 0.00% interest from start date.

Notes Regarding Interest Earned on GICs:
1. Interest is compounded annually and paid at maturity. Interest will accrue on deposited funds as of the date funds are deposited.
2. Interest rates and rate tiers are subject to change without notice.
3. Interest is paid in the currency of the account.
4. All rates quoted are annual interest rates.
5. Special rate offers are subject to change without notice and cannot be combined with another other rate offers, bonus programs or special promotions.

6. Customers can obtain more information by contacting Motive Financial at 1.877.441.2249 or info@motivefinancial.com

Motive Financial is a division of Canadian Western Bank. Canadian Western Bank is a member of the CDIC. Learn more about CDIC eligible deposits at Motive. Learn more about CDIC eligible deposits at Motive.

 

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