What is the motivation behind the definition of fixed parameter tractability?
If you require only that the growth rate be a polynomial in $n$ for fixed $k$, then you get the definition of the parameterized complexity class XP, which is certainly an object of interest, so there's nothing wrong with considering it.

You get the definition of FPT if you further impose the condition that the degree of the polynomial in $n$ remains fixed as the parameter increases.  FPT turns out to be a particularly tractable subclass of XP, and intuitively, the reason is that an expression such as $2^k n^2$ doesn't explode as quickly as an expression such as $k^2 n^k$, if $k$ and $n$ are both increasing.  This intuition is supported both in practice and in theory; i.e., FPT problems tend to be noticeably more tractable in practice than arbitrary XP problems, and one can also get a nice theoretical picture of the structure of XP by starting with FPT at the bottom and constructing hierarchies of other subclasses of XP (such as the W hierarchy) above it.