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Motive Savvy 1.75%
May 18, 2022
3:07 am
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The only way is uppppppp.

On the Motive website it is now showing 1.75% for the Savvy Savings, as well as TFSA. It's not reflected yet on my account but I suspect it's only a matter of time.

May 18, 2022
4:03 am
KamWest
Toronto
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Effective date is May 17th

Screenshot-20.png

May 18, 2022
4:10 am
KamWest
Toronto
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Just a tad better than the 1.70% at Hubert but the insurance at Hubert is appealing.

I always liked my Savvy Savings account at Motive because it had a high deposit limit. Unfortunately the rate has been non competitive for a while and I am hesitant to put money back in if they don't stay competative.

Also moving money at Hubert is less restrictive. Motive used to allow me to push any amount but now I have to pull it to move it around. At Hubert I can push and pull larger amounts.

So the insurance and push allowances are going to keep me at Hubert. Hopefully they increase rates to match.

Also Hubert pays 2.5% if you lock in for 3 months which really can't be beat by many institutions.

May 19, 2022
5:26 am
Alexandre
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May 19th - an old 1.45% interest rate is still shown under Savvy Savings account in Web site and in app.
I wonder if they are waiting till the weekend to fix it.

May 19, 2022
8:31 am
gicjunkie
Ontario
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Alexandre said
May 19th - an old 1.45% interest rate is still shown under Savvy Savings account in Web site and in app.
I wonder if they are waiting till the weekend to fix it.  

It's been fixed.

May 19, 2022
8:36 am
Alexandre
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Not yet for me. This is what I see on web page right now:

Screenshot-2022-05-19-113508.jpg

May 19, 2022
10:42 am
bpwest
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Alexandre said
Not yet for me. This is what I see on web page right now:

Screenshot-2022-05-19-113508.jpg  

Still 1.45% for me too, and I have a bit of money in acct.

May 20, 2022
7:26 am
JPenterprise
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Just changed to 1.75% this morning.

Please write your comments in the forum.