19 Jan
Maximize Savings with Motive Financial – Cashback

Motive Financial - Cashback
Written By
January 19, 2024
Posted at 17:29h in Cashback, Home Blog 3 by

When it comes to online banking and high interest savings, Motive Financial is a name that stands out. As a trusted financial institution, they offer competitive interest rates and the added bonus of cashback rewards. With easy online applications and a seamless digital banking experience, Motive Financial makes it simple for Canadians to maximize their savings and enjoy the benefits of cashback.

Key Takeaways:

  • Motive Financial offers high interest savings accounts with competitive interest rates
  • Customers can enjoy cashback rewards on their savings
  • Easy online applications make it convenient to open an account
  • Motive Financial provides a seamless digital banking experience
  • Maximize your savings and earn cashback with Motive Financial

Explore High-Interest Savings Accounts

Canadians have over 100 different kinds of bank accounts to choose from, according to the Canadian Bankers Association. If you’re specifically looking for an account that can fast-track your savings, it may be time to explore the world of high-interest savings accounts, or HISAs.

While the best HISAs offer robust interest rates, some also offer minimal transaction fees, low service charges, and opportunities to earn cash back. Motive Financial offers a variety of high-interest savings accounts that provide competitive interest rates and the potential to earn cash back.

The Benefits of High-Interest Savings Accounts

High-interest savings accounts offer numerous advantages for savvy savers:

  • Earn higher interest rates on your savings balance, allowing your money to grow faster.
  • Some HISAs have minimal transaction fees and low service charges, reducing the cost of managing your money.
  • Opportunities to earn cash back can further amplify savings and provide additional financial benefits.

When you choose a high-interest savings account that aligns with your financial goals, you can optimize your savings strategy and make your money work harder for you.

“By exploring high-interest savings accounts, Canadians can take advantage of attractive interest rates and cash back rewards, allowing them to grow their savings and enjoy additional financial benefits.”

Account Features Interest Rate Transaction Fees Service Charges Cash Back
Motive Financial High-Interest Savings Account Up to 1.15% No transaction fees No service charges Opportunities to earn cash back

High-Interest Savings Accounts

Motive® Savings Account

The Motive® Savings Account is a top choice for individuals seeking a high-interest savings account with attractive benefits. With a competitive interest rate and no minimum balance requirement, this account offers a fantastic opportunity to grow your savings without unnecessary restrictions. Unlike many other savings accounts, there are no monthly fees associated with the Motive® Savings Account, ensuring that you can keep more of your hard-earned money. Additionally, this account provides the convenience of unlimited deposits and withdrawals, giving you the flexibility to manage your funds as needed.

One of the standout features of the Motive® Savings Account is its tiered interest rate structure. As your balance increases, so does the interest rate, allowing you to earn even more on your savings. This incentivizes account holders to consistently save and maximize the growth potential of their funds.

If you’re looking for a reliable and rewarding savings account, the Motive® Savings Account is an excellent choice. With its competitive interest rate, no minimum balance requirement, lack of monthly fees, and unlimited deposit and withdrawal capabilities, it offers a comprehensive and convenient solution to help you achieve your financial goals.

Invest in GICs or Get a Chequing Account

Alongside their high-interest savings accounts, Motive Financial offers a diverse range of financial solutions to meet their customers’ needs. In addition to saving for the future, customers can choose to invest in GICs (Guaranteed Investment Certificates) that are CDIC insured, providing a secure way to grow their savings even further. GICs offer stable returns and are an excellent option for individuals looking for a low-risk investment strategy. Motive Financial’s GICs come with competitive rates, ensuring that customers can maximize their savings while enjoying peace of mind.

Furthermore, Motive Financial understands the importance of day-to-day banking. To cater to this need, they offer a convenient and user-friendly chequing account. With a Motive Financial chequing account, customers can easily manage their expenses, pay bills, and have access to a wide network of ATMs for cash withdrawals. The chequing account also provides other essential banking services, such as online and mobile banking, e-transfers, and direct deposits. Whether it’s depositing a paycheck or making everyday purchases, Motive Financial’s chequing account allows customers to handle their day-to-day transactions seamlessly.

With their competitive rates and convenient online access, Motive Financial empowers individuals to make sound financial decisions. Whether customers choose to invest in GICs or utilize a chequing account, they can trust Motive Financial to provide reliable and comprehensive financial solutions.

GICs Chequing Account
Low-risk investment Manage day-to-day expenses
Competitive rates Access to a wide network of ATMs
CDIC insured Convenient online and mobile banking

By offering GICs and a chequing account, Motive Financial demonstrates its commitment to providing customers with a complete range of financial solutions. Whether individuals are looking to grow their savings or handle their everyday banking needs, Motive Financial has them covered.

Compare Motive Financial with Other Providers

While Motive Financial offers competitive rates and a range of high-interest savings accounts, it’s always a good idea to compare your options. There are other banking providers that also provide competitive rates and services. Use a savings account comparison tool to easily compare different savings accounts and find the one that suits your needs best. Consider factors such as interest rates, fees, and account features when making your decision.

“Comparing savings accounts is essential to finding the best fit for your financial goals.”

When comparing savings accounts, it’s important to consider your individual financial needs and goals. Look beyond just the interest rate and explore the whole package offered by different providers.

Interest Rates:

  • Take note of the interest rates offered by different banks and compare them to find the best rates for your savings.
  • Consider whether the rates are fixed or variable and how they may change over time.

Fees and Penalties:

  • Look into the fees associated with the savings account, such as monthly service fees, withdrawal fees, or minimum balance fees.
  • Check whether there are penalties for early withdrawals or exceeding transaction limits.

Account Features:

  • Consider additional features that may be important to you, such as online and mobile banking capabilities, free e-transfers, and customer service options.
  • Explore whether the account offers any rewards or perks, such as cashback programs or bonus offers.

“By comparing savings accounts, you can make an informed decision and choose the best savings account that aligns with your financial goals and preferences.”

Remember, finding the best savings account involves more than just comparing interest rates. It’s about finding the account that offers the right combination of rates, fees, and features to meet your specific needs. Take advantage of the savings account comparison tool to simplify your research and make a well-informed decision is Motive Financial the right choice for you.

Conclusion

In conclusion, Motive Financial is the go-to choice for Canadian savers who want to maximize their savings and enjoy cashback rewards. With a range of high-interest savings accounts offering competitive interest rates and no monthly fees, Motive Financial provides a seamless and convenient online banking experience. Their easy online applications and mobile banking services make it effortless to manage your finances from anywhere.

When it comes to choosing the best savings account, comparing options is crucial. Motive Financial stands out among other providers, offering attractive interest rates and cashback rewards. But it’s always a good idea to explore different banks and financial institutions to find a savings account that aligns with your personal finance goals.

Take advantage of the benefits of high interest savings and cashback rewards with Motive Financial. Start your journey to financial success by opening a high-interest savings account today and watch your savings grow while earning cashback rewards along the way.

FAQ

What does Motive Financial offer?

Motive Financial offers high interest savings accounts, cashback rewards, and a range of other financial products and services.

What are high-interest savings accounts (HISAs)?

High-interest savings accounts are bank accounts that offer higher interest rates compared to regular savings accounts, allowing you to earn more on your savings.

What benefits do high-interest savings accounts provide?

High-interest savings accounts offer competitive interest rates, minimal transaction fees, low service charges, and opportunities to earn cashback rewards.

What are some of the best high-interest savings accounts in Canada?

Some of the top high-interest savings accounts in Canada include Motive Savvy Savings Account, Simplii Financial™ High Interest Savings Account, CIBC eAdvantage® Savings Account, Scotiabank MomentumPLUS Savings Account, RBC High Interest eSavings Account, and Manulife Bank Advantage Account.

What is the Motive® TFSA Savings Account?

The Motive® TFSA Savings Account is one of Motive Financial’s highest paying savings accounts, offering a competitive savings rate, unlimited withdrawals and transfers with no additional fees, and no minimum balance requirement.

What is the minimum investment required for the Motive® TFSA Savings Account?

The minimum investment required for the Motive® TFSA Savings Account is $50.

What is the Motive® Savings Account?

The Motive® Savings Account is a high-interest savings account offered by Motive Financial. It provides a competitive interest rate, no minimum balance requirement, no monthly fees, and the benefits of unlimited deposits and withdrawals.

Does Motive Financial offer other products and services?

Yes, Motive Financial also offers GICs (Guaranteed Investment Certificates) and a chequing account to meet different financial needs.

How can I compare savings accounts?

You can use a savings account comparison tool to easily compare different savings accounts based on factors such as interest rates, fees, and account features.

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