The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Are your deposits at Canadian financial institutions safe? + MORE Jun 10th
Ask MoneySense
We live in Ontario, and in light of the current banking problems in the U.S., we are a bit concerned about our investments.
They are held at three different banks at the moment and are largely in GICs and high-interest savings accounts.
We are aware that up to $100,000 is insure.... More »
TD Bank says anti-money laundering steps coming along as it reports $4.25B Q2 profit - Yahoo! Finance Canada + MORE May 28th
TD Bank says anti-money laundering steps coming along as it reports $4.25B Q2 profit Yahoo! Finance CanadaTD Bank posts profit jump on strong interest income The Globe and MailTD Bank Lifts Dividend After Strong Quarter for Operations WSJTD’s Earnings Beat Caps Off.... More »
Best online banks and credit unions in Canada for 2024 Mar 20th
Where can you get the best digital banking experience in Canada? We set out to find out in this inaugural review of the best online banks and credit unions in Canada. To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing in fin.... More »
The best GIC rates in Canada for 2024 Jun 20th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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MoneySense is an award-winning magazine,.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Oct 15th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
Motive Financial Review – Canada’s Best High Interest Savings Account?
– canadianfinanceblog.com
Motive Financial is the online banking arm of Canadian Western Bank, which is a Schedule I bank. As with other online only banks, such as Tangerine or EQ, Motive has become popular with Canadians who appreciate the low fees an higher interest that they are able to offer. But how does Motive measure up in the online space against other, more well known brands? To find out, I decided that the time was right for a Motive Financial review.
Introducing Motive Financial
It may surprise you that Motive Financial has been around as far back as 2008, when Canadian Western Bank launched their online bank under the name Canadian Direct Financial. In 2017, they underwent a rebrand, and emerged with a new name, Motive Financial. Fast forward to 2020, and Motive offers no fewer than 2 chequing and savings accounts, as well as TFSA, RRSP and non-registered investment options. Let’s take a closer look at the Motive Financial product lineup, starting with their chequing accounts.
Opening a Motive Account
Motive makes opening a bank account fast and easy…
Introducing Motive Financial
It may surprise you that Motive Financial has been around as far back as 2008, when Canadian Western Bank launched their online bank under the name Canadian Direct Financial. In 2017, they underwent a rebrand, and emerged with a new name, Motive Financial. Fast forward to 2020, and Motive offers no fewer than 2 chequing and savings accounts, as well as TFSA, RRSP and non-registered investment options. Let’s take a closer look at the Motive Financial product lineup, starting with their chequing accounts.
Opening a Motive Account
Motive makes opening a bank account fast and easy…
