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Save a gift for yourself

Introducing a special welcome offer for new Motive clients! Simply open a Motive Savvy Savings® Account to earn 4.10%1,* interest on your savings and maintain a minimum deposit balance to receive a bonus $100 gift card**.
Start saving

For the savvy saver

Whether you're saving for a vacation, retirement or any other major milestone, a high-interest savings account is a fantastic option for the savvy saver like you. This limited-time special welcome offer is an extra gift to help you start saving for your future today. A $100.00 gift card** will be sent electronically to each client who opens a Savvy Savings Account® between December 20th, 2023 and January 20th, 2024, and continuously holds a balance of $10,000 CAD after 6 months with new to bank money during the entry period. View our terms and conditions at the bottom of this page for more details.

Rates1,2,*
$0 - $5,000,000 2.25%
$5,000,000.01 and over 0.50%
Effective date: 12-May-2025
Fees
Monthly fee Free
Deposits Unlimited
Monthly withdrawals3 included 2
Additional withdrawal transactions $5.00 per transaction
Transfers between your Motive accounts Unlimited
THE EXCHANGE® Network ATM withdrawal fee4 Free
Non-EXCHANGE Network ATM withdrawal fee4 $1.50 per transaction
Interac® e-Transfer5 transaction fee $1.00 per transaction

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. An additional withdrawal fee will apply for outgoing e-transfers regardless of if it’s included in the two free withdrawals per month.
4ATM owner may levy a transaction maintenance fee. This fee is the responsibility of the card holder.
5A fee will be incurred in addition to the $1.00 per transaction fee, for e-transfer transactions that exceed the two free withdrawals per month.

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.

**Terms and Conditions

**Motive Welcome Offer
Motive Financial, a division of Canadian Western Bank, is offering a special welcome offer for new Motive clients. 

ONE (1) $100.00 Gift card to each client who opens a Savvy Savings account® between December 20th, 2023 and January 20th, 2024, and continuously holds a balance of $10,000 CAD after 6 months with new to bank money deposited during the entry period. This offer is limited to one Gift card per client. New to bank money is defined as money not held at Motive financial or CWBFG prior to December 20, 2023. The Motive Savvy Savings Account® must be opened by January 20, 2024.

The gift cards will be distributed electronically to the email address that is connected to your Motive Financial (Motive) accounts through a third-party partner, Extole, and fulfilled through a third-party partner, Tango Card, Inc. after 6 months of purchase.

Clients are to contact Tango Card, Inc. or visit help.tangocard.com/s/ with questions related to their cards. Gift cards will be distributed on or around August 30, 2024.

Motive and Canadian Western Bank are not responsible for any loss, destruction or theft of the Gift Cards.

No transfer or cash or other substitution of all or part of an offer is permitted, except by Canadian Western Bank, which reserves the right, in its sole discretion, to substitute the offer with another of comparable or greater value. Any and all taxes on the prize will be the responsibility of the winners. Canadian Western Bank shall not be responsible for any delays, damage in the delivery of the prize, and/or loss of any prize in connection with delivery of the prize via email.

PARTICIPATION:
Entering the Promotion indicates your consent for Motive, or its agents, to collect and use your name, address and other personal information for the purpose of administering this Promotion. This also provides consent for Motive to communicate with you by email (unless you haven’t provided or don’t provide your email address in your contact information, or you opted out from receiving email notifications).

The promotion is open to those who are 18 years of age or older at time of entry, and a legal resident of Canada. All federal, provincial, and local regulations apply. Void where prohibited including residence of Quebec.

You must not have been a Motive client prior to December 20, 2023.

You must have a valid email address in order to receive your gift card. 

EXCLUSIONS:
Employees of CWBFG are not eligible for the promotion.

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. An additional withdrawal fee will apply for outgoing e-transfers regardless of if it’s included in the two free withdrawals per month.
4ATM owner may levy a transaction maintenance fee. This fee is the responsibility of the card holder.
5A fee will be incurred in addition to the $1.00 per transaction fee, for e-transfer transactions that exceed the two free withdrawals per month.

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.

DISCLAIMERS:
By accepting the welcome offer, entrants agree that Motive Financial, and its respective parent companies, assigns, subsidiaries and affiliates, and advertising, promotion and fulfillment agencies and all of their respective employees, officers and directors will have no liability whatsoever, and will be held harmless by entrants for any liability for any injuries, losses, or damages of any kind to person and property resulting in whole or in part, directly or indirectly, from the acceptance, possession, misuse, or use of the prizes, or participation in this Welcome Offer. By accepting a prize, each Winner consents to the use of his/her name for publicity and promotional purposes on behalf of Motive Financial with no additional compensation or further permission (except where prohibited by law).

Any dispute arising from this Welcome offer will be determined according to the laws and regulations of Canada, without reference to its conflict of law principles, and by entering the entrants consent to the personal jurisdiction of the provincial and federal courts located in Canada and agree that such courts have exclusive jurisdiction over all such disputes.

CDIC logo

Effective March 1st, 2025, the following CDIC member institutions have amalgamated: Canadian Western Bank and National Bank of Canada (NBC). Upon the amalgamation of these entities, eligible deposits held at Motive Financial migrated to NBC. Click the CDIC logo for more detailed information.