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Email this5:50 am
September 30, 2017
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Sent you PM, pls check.
Oops! I mixed up. The $100 e-gift card offer ended Oct 31st.
No referral is required for the new client offer.
9:33 am
November 18, 2017
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Hmm: Saving a bank login is insanely dangerous! It makes perfect sense for them to not enable it. Any bad actor who finds or steals your phone or gets access to your computer has your bank cred! Any saved login is a bad idea, but for something enabling banking it's a drain-hole bigger than your phone.
RetirEd
3:44 am
May 20, 2016
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@RetirEd,
Sure, no other financial institution in the world imposes such outdated restrictions in this modern era of biometric authentication, desktop PCs with passwords, and widely accepted cookie-based browser authentication.
Claiming saved logins are "insanely dangerous" is out of touch, especially when even CRA—dealing with highly sensitive data—relies on them as part of their online system. You can suspend 2FA with CRA and other FI only send them if their cookies are absent or you log-in from a different location or browser. I suppose if we use a telephone for telephone banking we won't need to put up with OTP.
And as for Motive requiring a mailed void cheque to link external accounts, I’m sure a few will gaslight and defend it, but it’s an archaic process which fails to align with modern digital banking practices.
11:47 am
November 18, 2024
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Hey Folks,
Looking for a referral for new Motive account.
Thanks.
6:07 pm
February 16, 2013
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VP77 said
Hey Folks,Looking for a referral for new Motive account.
Thanks.
I believe their referral program ended on October 31. 
5:48 pm
November 18, 2024
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MG said
I believe their referral program ended on October 31.
Oh, okay!
5:58 pm
November 18, 2024
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Please reply if you know.
For Motive, new client interest rate (in this case 5.35% for current offer) stays same for 120 days right? Even when Bank of Canada decreases rates in December !? Or does it come down like it did from 5.75 to 5.35 last month.
Because Simplii and Tangerine explicitly states that even if regular interest rate changes, promotional rate changes accordingly, such that Total rate stays same for offer period.
I didn't find same wording with Motive in their T&C that total rate stays same for 120 days.
Anyone?
6:01 pm
May 15, 2007
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This suggests the total rate will decrease at Motive:
3. How Interest is Calculated and Paid
The special annual interest rate of 5.35% is a combination of the regular posted annual interest rate set by Motive Financial payable on a Savvy Savings Account (“Regular Interest”), plus the promotional bonus annual interest rate (“Promotional Interest”) of 2.15%.Regular Interest is calculated on the daily closing balance at the applicable rate tier and paid on the last day of the month, for the period beginning on the last day of the previous month and ending on the second last day of the month. Promotional Interest is calculated on the daily closing balance and paid as a separate transaction on the last day of the month for the period beginning on the last day of the previous month and ending on the second last day of the month.
Regular Interest rates may change at any time without prior notice. Regular Interest is posted on the Motive Financial website.
3:26 am
September 29, 2017
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Correct...decreases with BoC rate changes
8:22 am
November 18, 2024
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Thanks Peter and smayer97.
That really sucks, because generally meaning of new client offer is rate is locked for said duration.
Checked with the CSR, promotional rate will stay same but regular will change accordingly with BoC rate changes!
6:46 pm
September 30, 2017
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hwyc said in #2
Also on a different note (via their email). Until Oct 31st, refer a friend to Motive and you'll both receive a $100 e-gift card!
... received one TangoCard.com card today from a referral made near end of September. It's a pleasure 🙂
4:38 am
November 18, 2017
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hwyc: Was that an unrestricted gift card, or one you can only use at specified merchant(s)?
RetirEd
6:00 am
September 30, 2017
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Note - New client offer changed. Bonus rate no longer 2.15% !!!
Regular rate 2.75% (+ 2% bonus) from Dec 23rd onward, further down from 3.20% (was 3.60%)
7:30 am
October 4, 2018
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So it's showing my Current Interest Rate as 2.75%. So what is my overall interest rate including the promotional rate for the Motive Savvy Savings Account?
Thanks,
TD
7:50 am
April 6, 2013
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Depends on which offer you are on.
Offer was an extra 2.15% of promotional interest. For those who became a Motive client December 23 or later, the offer is an extra 2% of promotional interest.
7:52 am
October 4, 2018
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Norman1 said
Depends on which offer you are on.Offer was an extra 2.15% of promotional interest. For those who became a Motive client December 23 or later, the offer is an extra 2% of promotional interest.
Thanks for the reply. I became a member on October 17th.
11:43 am
April 6, 2013
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Becoming a client October 17, you have been earning 5.75%, 5.35%, and 4.90%:
| Date | Regular | Promotional | Total |
| 2024-10-17 | 3.60% | 2.15% | 5.75% |
| 2024-11-01 | 3.20% | 2.15% | 5.35% |
| 2024-12-23 | 2.75% | 2.15% | 4.90% |
I don't think the current Motive Savvy Savings New Client Promotional Offer (extra 2.00%) applies to those who became clients earlier:
2. Eligibility
To be eligible for this Savvy Savings New Client Promotional Offer (an “Eligible Client”), you must:
• be a new Motive client after November 30, 2024;
• not have been a client of Motive Financial during the six month period preceding the start date of the Offer Period [December 23, 2024 to February 14, 2025]; and
• open an eligible Motive Savvy Savings account during the Offer Period as the primary accountholder.…
10:29 am
October 4, 2018
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Norman1 said
Becoming a client October 17, you have been earning 5.75%, 5.35%, and 4.90%:
Date Regular Promotional Total 2024-10-17 3.60% 2.15% 5.75% 2024-11-01 3.20% 2.15% 5.35% 2024-12-23 2.75% 2.15% 4.90% I don't think the current Motive Savvy Savings New Client Promotional Offer (extra 2.00%) applies to those who became clients earlier:
2. Eligibility
To be eligible for this Savvy Savings New Client Promotional Offer (an “Eligible Client”), you must:
• be a new Motive client after November 30, 2024;
• not have been a client of Motive Financial during the six month period preceding the start date of the Offer Period [December 23, 2024 to February 14, 2025]; and
• open an eligible Motive Savvy Savings account during the Offer Period as the primary accountholder.…
Hi Norman1,
Thanks for the heads up. I thought it was 4.90% but I just wanted some confirmation. Thanks for breaking it all down for me.
I still have my funds in Motive but Tangerine is offering me 5.20% until February 28th, 2025 and Simplii is offering me 5.25% until February 28th, 2025 as well. I'm not sure if I should just stick with Motive to see if they offer me a better promotional interest rate once the end of February rolls around or move my funds to either Tangerine or Simplii Financial now to take of advantage of the little extra bump in percentage points?
Kind regards,
TD
3:00 pm
April 6, 2013
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I don't think the funds need to stay with Motive for the entire 120 days of the offer.
The 2.15% promotional interest is calculated on each day's closing balance and paid at the end of the month. If the funds were withdrawn part way through the 120 days, Motive will pay 2.15% per annum extra interest for the days that the funds were there.
One just needs to leave the account open until the accrued promotional interest is paid.
4:15 pm
June 20, 2023
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Top Dogg said
I'm not sure if I should just stick with Motive to see if they offer me a better promotional interest rate once the end of February rolls around or move my funds to either Tangerine or Simplii Financial now to take of advantage of the little extra bump in percentage points?
TD
If you joined Motive through a referral, make sure you have stayed for the 60 days with the required minimum balance to receive your referral bonus.
Please write your comments in the forum.