The Scotiabank Momentum Savings Account. High interest every day.
The Scotiabank Momentum Savings Account is the only high interest savings account that rewards you for saving by paying you twice – first with regular interest, then with extra interest just for keeping your money saved.2
And now, for a limited time, you’ll earn bonus interest on all new money deposited into your Account that was not previously held with Scotiabank3.
1 Promotional Interest Rate Offer: 2.0% per annum = 0.55% (regular interest rate) + 0.75% (Momentum Savings Premium Rate2) + 0.70% (bonus interest rate3). All rates are subject to change without notice. Regular and Bonus Interest is calculated daily and paid monthly. The regular interest rate is lower than 0.55% for balances under $5,000. All other terms and conditions of the Scotiabank Momentum Savings Account apply. For current regular interest rates, visit Savings Account Interest Rates.
2 Extra Interest (Momentum Savings Premium) is paid at the end of each 90-day period during which (i) you do not initiate or permit any debit transaction, and (ii) your daily balance does not fall below $5,000.
3 Bonus Interest applies to new funds deposited into the account between April 3, 2017 through to June 30, 2017. Money eligible for bonus is new funds that did not originate from an existing Scotiabank Savings Account, Scotia Investment Account or Scotia Registered Account less withdrawals. Bonus Interest is payable on the first $500,000 of new funds, per customer. To be eligible to earn the Bonus Interest Rate you must Enrol between April 3, 2017 and June 30, 2017, 7:00pm EST. A ScotiaCard® is required for Enrolment.