The study aimed to determine whether the level of motivation of employees impact their job productivity/performance. The respondents were employees of selected commercial banks in Norzagaray and Sta. Maria, Bulacan. A quantitative research design was utilized and data were gathered through the administration of survey questionnaires. Data gathered were submitted to a regression analysis via Statistical Package for Social Sciences (SPSS). Results revealed that overall, employees are highly motivated, job performance exceeds standards. Regression run suggests that both intrinsic and extrinsic motivational factors significantly affect job productivity/performance. It would be useful for the bank leaders, managers, and supervisors to give up the traditional beliefs about the role of carrot and stick motivation approach. Striking a balance between intrinsic and extrinsic factors might be the key to managerial success.