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Best Motive Financial GIC Rates (Not Accepting New Clients)

Jul 9, 2025
Motive Financial is no longer accepting new clients. Information on this page may be outdated.
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Written by Siddhi Bagwe
Editor & Content Strategist
Profile photo of Beth Buczynski
Edited by Beth Buczynski
Head of Content, New Markets
Profile photo of Siddhi Bagwe
Written by Siddhi Bagwe
Editor & Content Strategist
+ 1 more
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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?

Best RBC GICs

Starting at $500

Yes, by the Canada Deposit Insurance Corporation.

Best TD GICs

Starting at $500

Yes, by the Canada Deposit Insurance Corporation.

Best BMO GICs

Starting at $1,000

Yes, by the Canada Deposit Insurance Corporation.

Best CIBC GICs

Starting at $500

Yes, by the Canada Deposit Insurance Corporation.

Best Scotiabank GICs

Starting at $500

Yes, by the Canada Deposit Insurance Corporation.

Best National Bank GICs

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.