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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EQ Bank review 2021 Apr 30th
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
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The best high-interest savings accounts in Canada for 2026 + MORE May 11th
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.
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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…
