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5.75% 120 Day GIC
January 9, 2024
7:32 am
RYAN
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May 18, 2016
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I decided not to buy any GIC from MF disregarding its rate. Because 1. Its GIC is auto-renew at maturity when bought online. 2. It's hard if not impossible to get through its phone line to change the maturity option to undo auto-renew.

January 30, 2024
9:09 am
GR
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September 15, 2017
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Reminder that this promo of 5.75% for 4 months GIC is SCHEDULED to end tomorrow, Jan. 31.

No wait time for CSR to answer phone this morning.

February 1, 2024
7:01 am
GR
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The promo rate is now 5.50% for 4 months GIC; offer available until March31, 2024.

February 2, 2024
1:00 pm
LK
British Columbia, Canada
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July 9, 2020
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The promo page should be updated to show 5.50% (not 5.40%), and per the post above the expiry is March 28/24 (not March 31).

https://www.motivefinancial.com/en/120-day-gic

February 3, 2024
3:23 pm
rhvic
Victoria, BC
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May 28, 2013
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Note that the promo rate of 5.5% for 120 days is for new money only. I have a GIC at Motive which matures next week, but presume I could not get this rate as the money is considered 'old'.

By the way, I did call Motive re that GIC which renews this week, as of course it was set to automatically renew for another one year term. I was pleasantly surprised to get a return call within five minutes of leaving a message, during which I asked instead that it be put in my savings account. Sadly, when I did get the call-back, I was taken aback that the person did nothing to identify herself, just said 'what can I do for you?" without telling me she was returning my message to Motive. Poor service quality.

February 5, 2024
12:51 pm
smayer97
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September 29, 2017
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Does Motive use a waterline approach, like Tangerine, or does it treat ALL transfer in as new money, even if it is withdrawn, then moved back in, like DUCA does?

February 6, 2024
5:57 am
Alexandre
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November 8, 2018
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My 5.75% promo GIC matured today, funds deposited to Savings account. Exactly as I instructed CSR over the phone when opening GIC.
Just FYI.

February 6, 2024
6:40 am
savemoresaveoften
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March 30, 2017
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smayer97 said
Does Motive use a waterline approach, like Tangerine, or does it treat ALL transfer in as new money, even if it is withdrawn, then moved back in, like DUCA does?  

I dont think they do or it will be mentioned I believe.
Most likely they will monitor it similar to Duca, which is why you need to call in and the rep will "check" if the money qualifies. And how they check depends on the rep obviously 🙂

February 8, 2024
9:08 am
Bill
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September 11, 2013
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Just called Motive, have a 120-day GIC maturing to savings account in a few days, to get the current 120-day 5.5% rate GIC for new money I have to move the matured funds out of Motive and then back in, according to phone rep.

Their site says "This special interest rate only applies to funds not held on deposit at Motive Financial prior to November 1, 2023".

The phone rep came on immediately, in all my years with Motive I've never experienced waits like some people on here are reporting, always been pretty much immediate for me. In general I've always experienced top-notch service with Motive.

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