Savings Accounts

Find the one that’s right for you

Take your savings higher.

Up to
1.5%
interest 1

Get great rates with our award-winning High Interest Savings Accounts.

Available for RRSPs, TFSAs and non-registered savings.2

2015 Winner

Scotiabank
Savings Accelerator

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2015 Runner up

Scotiabank
Momentum Savings

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Seniors’ Banking

If you’re 60 or older you’ll save up to $4.00 on the monthly account fee.

Learn more about seniors’ discounts

Why choose Scotiabank?

Locations near you

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The best account is the one that rewards you

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Bank anywhere, anytime

Bank when you want with 24/7 online and mobile banking.

Find out more about online and mobile banking

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  1. For Scotiabank Momentum Savings Account: 1.5% interest rate is composed of (1) the Momentum Savings Premium rate, currently 0.75%, which is paid at the end of each 90-day period during which (a) you do not initiate or permit any debit transactions, and (b) your daily balance does not fall below the minimum balance required (currently $5,000) and (2) the regular interest rate, currently 0.75%, with a minimum balance of $5,000. The regular interest rate is lower than 0.75% for balances under $5,000. For Scotiabank Savings Accelerator Account (“SSAA”): The 1.5% is a promotional rate. For each day during the Promotional Period of December 28, 2015 to March 31, 2016, the Promotional Interest Rate of 1.5% will be applied only to that portion of your SSAA Daily Balance that is greater than the SSAA Daily Balance on December 27, 2015. During the Promotional Period, the Regular Interest Rate will apply only to that portion of your SSAA Daily Balance that is less than or equal to SSAA Daily Balance on December 27, 2015. All interest earned during the campaign will be calculated daily and paid monthly. Promotional and regular interest rates may change at any time, and without notice. Refer to www.scotiabank.com for today's regular interest rates.
  2. The Scotiabank Savings Accelerator Account is available for all Registered Plans, such as RRSP, TFSA, RESP, RRIF and RDSP. The Scotiabank Momentum Savings Account is available for non-registered savings accounts only.