percentage sign with coins in place of circles

Compare rates

Explore our variety of Motive products to make your financial goals a reality.
Get started 

On This Page:

Non-registered accounts Registered accounts GICs and term deposits

Non-registered accounts

Savings accounts
Motive® Savvy Savings AccountTM1,2
$0 - $5,000,000
3.000%
$5,000,000.01 and over 0.500%
 
Motive Savings Account1,2
$0 - $5,000,000
1.00%
$5,000,000.01 and over
0.500%

 

 
Effective date: 06-September-2022
Chequing accounts
Motive Cha-Ching Chequing AccountTM1
$0 and over
0.25%

Motive Chequing Account
1
$0 and over
0.15%
Effective date: 06-September-2022

Registered accounts

Registered savings
Motive TFSA Savings Account1
$0 and over
3.000%

 

Motive RRSP Savings Account3
$0 - $2,500
0.250%
$2,500.01 and over
2.600%
Effective date: 06-September-2022

GICs and term deposits

GICs and term deposits
Non-Redeemable Motive GICs4,6
Term Annual interest rate
1-year 4.490%
2-year 4.640%
3-year 4.700%
4-year 4.720%
5-year 4.850%
6-year 5.000%
7-year 5.100%
8-year 5.100%
9-year 5.100%
10-year 5.100%

 

Non-Redeemable Motive RRSP GICs5
Term Annual interest rate
1-year 4.490%
2-year 4.640%
3-year 4.700%
4-year 4.720%
5-year 4.850%
6-year 5.000%
7-year 5.100%
8-year 5.100%
9-year 5.100%
10-year 5.100%

 

Non-Redeemable Motive TFSA GICs4,7
Term  Annual interest rate
1-year 4.490%
2-year 4.640%
3-year
4.700%
4-year
4.720%
5-year
4.850%
6-year 5.000%
7-year
5.100%
8-year
5.100%
9-year
5.100%
10-year
5.100%
Effective date: 06-September-2022
Legal things

1. 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.
2. If 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.
3. Interest is calculated on the daily closing balance at the applicable rate tier and paid on December 31.
4. Minimum balance of $1,000 required.
5. Minimum balance of $500 required.
6. The 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.
7. Fully redeemable at 0.00% interest from start date.

Notes regarding interest earned on deposit accounts:

- 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.

Notes regarding interest earned on GICs:

- Interest 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.
- Special rate offers are subject to change without notice and cannot be combined with another other rate offers, bonus programs or special promotions.
- Customers can obtain more information by contacting Motive Financial at 1.877.441.2249 or [email protected].

CDIC logo

Canadian Western Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
Motive Financial is a division of Canadian Western Bank.