|Purchase interest rate||Bank account||Included||1st year return|
|2.05%||Motive Financial TFSA Savings Account||$102||Get this rate Get more details|
Interest rate tiers
|Motive Financial Motive® Savvy Savings™ Account||2 free monthly transactions||$102||Get this rate Get more details|
|2%||EQ Bank Savings Plus Account||Free e-transfers and no everyday banking fees||$100||Get this rate Get more details|
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This account is a winner of the Personal Finance Awards in the Top Savings Account product category. Learn more about our yearly Personal Finance Awards here. 2020 Winner
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About Motive Financial
Motive Financial, formerly known as Canadian Direct Financial (CDF), is a subsidiary of Canadian Western Bank. Motive Financial offers its products and services without traditional branch locations. By operating solely through online and mobile banking, Motive Financial can offer savings accounts with premium rates and zero service charges. If you have a savings account with Motive Financial, you can also access it through an ATM.
Compare Motive Financial savings accounts
Motive Financial offers four savings accounts that offer varying interest rates. Each account is insured by the CDIC.
Motive® TFSA Savings Account
The Motive® TFSA Savings Account is one of the highest paying savings accounts in Canada. With a competitive savings rate, the Motive® TFSA Savings Account also features unlimited withdrawals and transfers with no additional fees. That means no services charges! The minimum investment required for the Motive® TFSA Savings Account is $50.
Motive® Savings Account
The Motive® Savings Account not only pays a competitive interest rate, but it also doesn’t require a minimum balance. Additionally, you won’t need to pay any monthly fees while receiving the benefits of unlimited deposits and withdrawals when using this account. The interest rate for this account is tiered.
Compare other Motive Financial products
With Motive Financial, you can also invest in CDIC insured GICs or get a chequing account.
Get the best savings account
While Motive Financial offers some of the best savings rates, there are other banking providers who also provide competitive rates and services. You can easily compare popular and premium savings accounts using our savings account comparison tool and find the account that suits your needs.