Motive Savvy 2.20% | Motive Financial | Discussion forum

Motive is the only CDIC member to cross 2% HISA in early June. It's now July, the runner up is still so far behind.

The race in GIC arena is fierced though.

If one is willing to commit for 90 days, the Hubert quarterly might be the best option, for 3.10%

I applied around midnight last night and I got an email this morning saying that I did not pass the requirements. When I called, The agent did not give any specifics as to why I failed. What a waste of time.

I'm the only person I personally know who wants to join motive financial

I’ve recently opened a joint account at Motive. No problem at all for me but one more piece of information was requested from my husband. Sent it in and account became joint. Excellent telephone service from the rep.

The two major differences between Savvy and normal seems to be that Savvy has higher rate and is limited to two transactions / month.

rodeworthy said

Jen, does your online account information indicate it is a joint account? Are you both named on the account? I recently opened an account at Motive. It was initiated as a joint account and all paperwork was signed and faxed which was acceptable to Motive. The account was created as a Motive Savings Account. A phone call got that changed to a Savvy Savings Account and the assurance that the account is joint with my spouse. The account is now a Savvy Savings Account and the original account was cancelled. But I see no indication that the account is joint and I am the only person named on the account.

This is intended as a savings account and not an active banking account. Is there a good reason to maintain a Motive Savings Account in addition to the Savvy Savings Account? Account balances will be within CDIC limits.  

I don't have a joint account at Motive but i have noticed that at some FIs, the full info is only included on the record of the "primary" account holder - which is annoying. If you are not logging on as primary, perhaps worth trying that route. Either way, try logging in as the other person to see if you can find it.

HermanH said
The two major differences between Savvy and normal seems to be that Savvy has higher rate and is limited to two transactions / month.  

For the Motive Savvy Savings™ Account "Monthly withdrawals1 included""2 free" https://www.motivefinancial.com/en/about-us/service-fees#Motive-Savvy-Savings%C2%A0Account

Anyone know limit of bill payments for this account and fees?

JenE said
HermanH - my Motive account is listed as joint and pays 2.2%.  

That is odd. We also observed no indication that our Savvy is joint from their online banking interface. However, each of us is assigned his/her own Client Card/Access Number, each with respective password & security profile. The account will show on both logon. Then later, details on the T5 slip also serve as a definitive proof.

Hope this helps.

dougjp said

A Motive savings account has unlimited free withdrawals, and transfers between Motive accounts (which includes Savvy Savings of course) are free. Potential "fee problem" solved. 🙂  

Yes, I have both savings accounts and the ChaChing chequing account as well, which I use to send free e-Transfers. I've associated the Motive Savings account to the debit card for Interac purchases as it has unlimited transactions and pays a little interest too. Their ChaChing chequing account has a nice feature in that it allows for 2 free non-Exchange ATM withdrawals per month as you probably noticed. Having all 3 accounts allows the shuffling of funds to do various types of transactions without paying fees.