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Non-registered accounts Registered accounts GICs and term depositsNon-registered accounts
Savings accounts
| Special term* |
Special rate* |
| 120 days |
5.75% |
*Special offer available until November 30, 2024 for eligible new clients. Terms and conditions apply. See full terms and conditions.
Effective date: September 23, 2024.
| $0 - $5,000,000 |
3.60% |
| $5,000,000.01 and over | 0.50% |
| $0 - $5,000,000 |
1.00% |
| $5,000,000.01 and over |
0.50% |
Chequing accounts
| $0 and over |
0.25% |
| $0 and over |
0.15% |
Registered accounts
Registered savings
| $0 and over |
3.60% |
| $0 - $2,500 |
0.25% |
| $2,500.01 and over |
2.10% |
GICs and term deposits
GICs and term deposits
| Term | Annual interest rate | Special offer* |
| 120-days | 4.00% | 5.25% |
*Special offer available until October 31, 2024 for eligible new money deposits only. New money is defined as funds not held on deposit with Motive Financial prior to June 1 2024. Terms and conditions apply. See full terms and conditions.
| Term | Annual interest rate |
| 1-year | 4.20% |
| 2-year | 3.95% |
| 3-year | 3.85% |
| 4-year | 3.75% |
| 5-year | 3.70% |
| 6-year | 3.65% |
| 7-year | 3.65% |
| 8-year | 3.65% |
| 9-year | 3.65% |
| 10-year | 3.65% |
| Term | Annual interest rate |
| 1-year | 4.20% |
| 2-year | 3.95% |
| 3-year | 3.85% |
| 4-year | 3.75% |
| 5-year | 3.70% |
| 6-year | 3.65% |
| 7-year | 3.65% |
| 8-year | 3.65% |
| 9-year | 3.65% |
| 10-year | 3.65% |
| Term | Annual interest rate |
| 1-year | 4.20% |
| 2-year | 3.95% |
| 3-year |
3.85% |
| 4-year |
3.75% |
| 5-year |
3.70% |
| 6-year | 3.65% |
| 7-year |
3.65% |
| 8-year |
3.65% |
| 9-year |
3.65% |
| 10-year |
3.65% |
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.
8. Rate is calculated on a per annum basis and interest is paid at maturity. Monthly interest payments are not available.
*Rate available for eligible deposits only. Terms and conditions apply. See full terms and conditions.
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].
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.