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Motive® Savings Account

Thrifty can be nifty

Product Information

$0 - $5,000,000 1.00%
$5,000,000.01 and over 0.500%

Effective date: 23-January-2023

Monthly fee Free
Monthly withdrawals3 included Unlimited
Transfers between your Motive accounts Free
THE EXCHANGE® Network ATM withdrawal fee4 Free
Non-EXCHANGE Network ATM withdrawal fee4 $1.50
Interac® e-Transfer $1.00

1Interest will accrue on deposited funds as of the date funds are deposited. Interest 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. Interest rates and rate tiers are subject to change without notice. Interest is paid in the currency of the account.
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.
3Withdrawals include online bill payments, Automated Teller Machine (ATM) withdrawals, Interac® Direct Purchase payments, Interac e-Transfers, electronic funds transfers to another financial institution, automatic payments and other electronic debits.
4ATM owner may levy a transaction maintenance fee. This fee is the responsibility of the card holder.

Note: This account type does not provide automatic monthly e-statements. For assistance in arranging this feature, please contact one of our agents at 1-877-441-2249.

CDIC logo

Motive Financial is a trade name of Canadian Western Bank, which is a member of CDIC.

Deposits made under Motive Financial and Canadian Western Bank are aggregately eligible for CDIC protection up to $100,000, per category, per depositor.