Best Motive Financial GIC Rates (Not Accepting New Clients)
Editor's Note: In early 2025, National Bank of Canada acquired Canadian Western Bank. Motive Financial was a subsidiary of CWB, and as such, is no longer accepting new clients. Instead, please see our list of Best National Bank GIC rates.
Motive Financial was an Edmonton-based online division of Canadian Western Bank. Founded in 2008 under the name Canadian Direct Financial, the bank rebranded as Motive Financial in 2017.
Motive’s basic no-frills banking service enabled it to offer high-interest-yielding savings and investment products, including guaranteed investment certificates (GICs).
If you want a GIC from a different bank
EQ Bank GICs: EQ Bank is also a digital bank offering non-redeemable, fixed-rate GICs with competitive interest rates that are available for non-registered or registered accounts. Terms range from three months up to 10 years.
Tangerine Bank GICs:Tangerine is another virtual bank that has a solid selection of GICs, including retirement income fund (RIFs) and US dollar options. Terms go from 90 days up to five years.
Simplii Financial GICs: Simplii offers 1- to 5-year non-registered and RRSP GIC terms for as little as $100.
If you prefer a more traditional bank with assisted banking facilities, consider these Big Six Banks:
Minimum deposit | Are deposits insured? | |
|---|---|---|
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. | |
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. | |
Starting at $1,000 | Yes, by the Canada Deposit Insurance Corporation. | |
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. | |
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. | |
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. |
» For more GIC options, check out our list of the Best GIC Rates in Canada for 2025.
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