MomentumPLUS Savings Account
The Bonus Interest Rate offer that runs from October 2, 2017 to February 28, 2018, is available to both new and existing Scotiabank MomentumPLUS Savings Account customers who transfer in their savings from other banks or financial institutions into a new or existing Scotiabank MomentumPLUS Savings Account and enroll for the Offer, subject to these Terms & Conditions.
To participate in the Bonus Interest Rate offer you must:
|‘Bonus Interest’||The interest earned under this Campaign Offer, calculated at the Bonus Interest Rate in accordance with these Terms & Conditions.|
|‘Bonus Interest Rate’||0.60%|
|‘Campaign Offer Period’||October 2, 2017 – December 29, 2017|
|‘Combined Balance’||On any particular day, the combined end of day balance of funds, excluding Mutual Funds, held within all Scotiabank Savings Account(s) (which includes MomentumPLUS Savings Accounts),1 Scotia Registered Account(s) and Scotia Investment Account(s)2 , in which you are the sole owner or, for joint account(s), the primary owner, but for clarity, excludes funds held in chequing accounts.|
|‘Combined Increase’||The excess of Combined Balance over Combined Starting Balance on any day during the Campaign Offer Period.|
|‘Combined Starting Balance’||The Combined Balance on October 1, 2017.|
|‘MomentumPLUS Savings Account’||Any Scotiabank MomentumPLUS Savings Account open during the Campaign Offer Period.|
|‘MomentumPLUS Savings Account Increase’||The excess of MomentumPLUS Savings Accounts Balance over MomentumPLUS Savings Accounts Starting Balance on any day during the Campaign Offer Period.|
|‘MomentumPLUS Savings Account Balance’||On any particular day, the combined end of day balance in all MomentumPLUS Savings Accounts.|
|‘MomentumPLUS Savings Account Starting Balance’||The MomentumPLUS Savings Account Balance on October 1, 2017, provided that any MomentumPLUS Savings Account(s) not open on that date will be deemed to have a $0 end of day balance|
|Post-Offer Period||December 30, 2017 – February 28, 2018|
|‘you’||The individual who is eligible for this Campaign Offer.|
Campaign Offer Period
In addition to any other interest payable on the MomentumPLUS Savings Account(s), for each day during the Campaign Offer Period, you will earn Bonus Interest calculated on the lower of:
The actual date at which you enroll in accordance with paragraph 2(c) does not affect this calculation.
You will continue to earn Bonus Interest calculated on the lower of the:
Bonus Interest is calculated daily and paid within 7 days of the end of the Post-Offer Period. You will see the Bonus Interest payment detailed in your online Account Summary as ‘campaign bonus’.
Bonus Interest will be paid into the sole ownership MomentumPLUS Savings Account with the highest balance or, if there is no sole ownership MomentumPLUS Savings Account, it will be paid into the joint MomentumPLUS Savings Account (for which you are primary owner) with the highest balance. Bonus Interest will earn interest at the Regular Interest Rate.
® Registered trademark of The Bank of Nova Scotia
TM Trademark of The Bank of Nova Scotia
1 Scotiabank Savings Accounts include Scotiabank Money Master® Savings Account, Scotia Power Savings AccountTM, Scotiabank Savings Accelerator Account, Scotiabank Momentum Savings Account, Scotia US Dollar Interest Account and Scotia Euro Interest Savings Account. Funds held in a Scotia US Dollar Interest Account or Scotia Euro Interest Savings Account will be calculated at par with the Canadian dollar.
2 For additional information on Scotia Registered Accounts and Scotia Investment Accounts, refer to the Investment Companion Booklet at www.scotiabank.com.