Compare the Best Motive Financial Youth Savings Accounts

Looking for a cost effective way to teach your child about the importance of saving? Youth savings accounts are accounts that are generally restricted to Canadian residents under the age of 18, accompanied by very few, if any fees. Among the benefits of having a youth savings account are a high (if not unlimited) number of included transactions per month, and no minimum balance. Input the estimated balance of the account, then compare and find the best rate available.

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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.


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