Non-registered GICs
Lock in your savings and feel secure
Short term GIC
Rates1,4
| Term | Annual interest rate |
| 120-days | 2.90% |
Long term GICs
Rates1,2,3
| Term | Annual interest rate |
| 1-year | 3.00% |
| 2-year | 3.20% |
| 3-year | 3.30% |
| 4-year | 3.45% |
| 5-year | 3.55% |
| 6-year | 3.05% |
| 7-year | 3.05% |
| 8-year | 3.05% |
| 9-year | 3.05% |
| 10-year | 3.05% |
Effective date: 21-April-2025
1Minimum balance of $1,000 required.
2The 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. On Motive GICs with a term of at least 12 months, customers over the age of 57 also have the option of having interest paid monthly into a Motive Savings account.
3Interest is compounded annually and paid at maturity. Interest will accrue on deposited funds as of the date funds are deposited. Interest rates and rate tiers are subject to change without notice. Interest is paid in the currency of the account. All rates quoted are annual interest rates.
4Rate is calculated on a per annum basis and interest is paid at maturity. Monthly interest payments are not available.
New Motive clients will be required to open a Motive bank account to buy an eligible GIC. There will be no costs or fees charged to you in connection with the opening of your Motive bank account. Please refer to our Service Fees page to understand the best account for you. The purpose of the bank account is to allow us to assess the possible risks (traceability etc.) associated with the transfer of funds and for the administration of the Eligible GIC.
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.