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Open a new high interest savings account to earn 2.75% for a limited time. After the promo period, you’ll earn the rate posted here.
Open a new TFSA savings account to earn 2.75% for a limited time. After the promo period, you’ll earn the rate posted here.
Open a new RRSP savings account to earn 2.75% for a limited time. After the promo period, you’ll earn the rate posted here.
A TFSA is a really smart way to save for just about anything. It falls under the ‘registered plans’ category because of the preferred tax treatment. When you save money inside a TFSA, the interest you earn on your savings is not taxed. This year you can contribute up to $6,000, the TFSA dollar limit for 2022. Withdrawals are tax-free too.
An RRSP is a great way to save for retirement, and it comes with some pretty sweet tax advantages. Contributions are tax deductible, and anything you earn is tax sheltered until you withdraw the money. The best time to start saving for retirement is today. Your older self will thank you for it.
Yes, we’ve got game! Get 1.50% interest on your savings with your motusbank savings account. That’s a great way to build your nest egg.
** Interest is calculated on the closing daily balance and is paid monthly. Rates are provided for information purposes only and are subject to change at any time.
1Transactions include; transfers between accounts, Interac Corp. Direct Payment purchases, ABM withdrawals and cheques performed by you via online or mobile banking or, our Member Service team (where applicable).
2Competitive rates shown are for balances at $5,000 for posted rates on comparable savings accounts on respective websites as of July 5, 2021.
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HISA Boost Terms and Conditions
*For a limited time only, motusbank is offering to pay Eligible Members who decide to open a new motusbank Savings Account (Eligible Account) on the Eligible Deposited funds held in such an account Bonus Interest during the Promotional Period, at the Bonus Interest Rate (the “Offer”). An Eligible Member is: (a) an individual human person who is not in default of any of their obligations to motusbank as of the start date of the Offer Period, (b) a Member who does not currently hold and has not previously held a High Interest Savings Account in non-registered or registered plan types (Tax Free Savings Account (TFSA) or Registered Savings Retirement Plan (RRSP)) within the six (6) months immediately prior to the start date of the Offer Period, and (c) a Member who elects to open an Eligible Account at motusbank prior to the expiry of the Offer Period, in their name. An Eligible Account is an account that is one of the following types of motusbank Savings Accounts: non-registered or TFSA or RRSP and must be used for non-business purposes exclusively. Only one Eligible Account per Eligible Member. The Offer period commences at 10:00 AM on May 19, 2022 and is available only for a limited time. The Promotional Period commences at 12:01 AM on the day the Eligible Account is opened and ends at 12:00 midnight of the 122nd day following the day the Eligible Account was opened. The Offer is available to Eligible Members on the Eligible Deposited Funds made into the Eligible Account during the Promotion Period to a maximum Eligible Account balance of $500,000 per Eligible Member (“Eligible Deposited Funds Maximum”). "Bonus Interest" is additional interest at the “Bonus Rate”. As of May 19, 2022, the Bonus Interest is 1.25% per annum, calculated daily and credited to the Eligible Account monthly. Bonus Interest will be added to the interest earned on Eligible Deposited Funds in the Eligible Account, at motusbank’s Savings Account posted rate of interest as shown on motusbank’s website (the "Posted Rate") (“Regular Interest”). For example, as of May 19, 2022, the combined rate of interest would be 2.75% per annum for Eligible Deposited Funds (Posted Rate of 1.50% + Bonus Interest Rate of 1.25%). Eligible Members receive Bonus Interest on deposits to the Eligible Account during the Promotion Period. Subject to the limits and qualifications outlined in these Terms and Conditions, Regular Interest and Bonus Interest are calculated on the closing daily balance of Eligible Deposited Funds and are credited monthly during the Promotion Period to the Eligible Account. Any change to the Posted Rate will result in a corresponding change to the combined rate of interest for Eligible Deposited Funds. The Bonus Interest Rate and the Posted Rate may change at any time without prior notice. After the Promotion Period ends, all funds deposited to the Eligible Account will earn interest at the Posted Rate.
For all terms and conditions, please review motusbank Savings Account Interest Offer Terms and Conditions