Scotia Power Savings Account

Right for you if:

  • You want a diverse portfolio
  • You want to achieve your savings goals faster
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  • Competitive interest rate
  • Easy access to your funds anytime
  • Unlimited free Canadian dollar funds transfers to and from your other Scotiabank accounts when you use Scotia OnLine® Financial Services, Telescotia® Telephone Banking, ABMs and wireless banking services
  • A $5.00 per-transaction fee applies on all other debit transactions (i.e. branch or Contact Centre assisted transactions, ABM withdrawals, direct payment purchases, bill payments, pre-authorized payments and cheque withdrawals)

Fees

  • No monthly fee
  • A $5.00 per-transaction fee applies on all branch,or Contact Centre assisted transactions, ABM withdrawals, direct payment purchases, bill payments, pre-authorized payments and cheque withdrawals
  • Summary of Account Fees

Additional Information

Adobe Acrobat Reader is needed to download PDF brochures.

  • Day-to-Day Banking Companion Booklet
    PDF: 499 kb
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Account Add-ons and Other Features

Many services are available to you just for being a Scotiabank customer.

  • Bank-to-Bank Transfer Service We know your time is valuable so we have introduced a free, quick and convenient way to consolidate your savings into a competitive interest account. More details
  • Scotia® InfoAlerts Receive text message or email alerts that keep you up-to-date on account balances and transactions, account limits, account activity, and security-related activities. More details
  • Scotia Simple Switch The Scotia Simple Switch® program is a free service providing you with a convenient and hassle-free way to transfer your bank account to Scotiabank. More details
  • Interac*** e-Transfer Send money to, and receive money from, anyone with a Canadian bank account. More details
  • Western Union When you need to send money to loved ones, count on Western Union Money Transfer®* services to do it quickly and conveniently. More details
  • Direct Deposit Direct deposit is the quick and easy way to have cheques deposited to your account electronically for easy access to your money. More details
  • Scotia Plus Eligible Enjoy an array of specialty banking services when you turn 59. More details
  • Pre-Authorized Contributions Set up an automatic investment plan with a little as $50 per month. Regular contributions give you the benefits of compound investing and dollar cost averaging. More details
Tools It's easy to achieve your goals.

Account Selector

Let us help you find the right account.

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Account Comparison Tool

Easily compare features of up to three accounts.

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Pay Yourself First Tool

Save for the short and long term with automatic savings.

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Videos See our latest demos and videos.
Save Automatically 0:54 min | Transcript
Talk to a Scotia advisor and find out how you can save $1,500 or more a year - without the "big lecture". We've made it easy to save more every year in three simple ways. Watch video

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What do I need to apply?
  • PhoneTakes about 8 minutes 1(800)472-6842 Mon-Fri (8am-6pm)
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