Money Master® savings account
Save right away starting with
your first dollar
Earn interest with as little as $1.00.Open an Account
- Rewards you with more interest when your balance grows
- No minimum balance to earn interest or open the account
- No monthly fee
- 24/7 account access with free ABM, Telescotia®, online & mobile banking.
- CDIC eligible
- Unlimited free funds transfers*
- No monthly fee
- Summary of Account Fees
Monthly Recordkeeping Options & Fees
Paperless no charge Paper statement $2.00/month
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Account Add-ons and Other Features
Take advantage of our combo offers. Some things are just better together.
Money Master Savings Account
Free, quick and convenient way to consolidate your savings into a competitive interst account.More details
Scotia Power Savings Account
Set-up an automatic investment plan with as little as $50 per month. Regular contributions give you the benefits of compound investing and dollar cost average.More details
Bank the Rest®+
Money Master® Savings Account
Spend and save just by using your Scotiacard® debit card.Apply now
Many services are available to you just for being a Scotiabank customer.
- Online & Mobile Banking We know your schedule doesn't always match ours. Manage, move and monitor your money from wherever you are, on your own time. More details More details
- Scotia® InfoAlerts Receive text message or email alerts that keep you up-to-date on account balances and transactions, account limits, account activity, and security-related activities. More details
- Interac*** e-Transfer Send money to, and receive money from, anyone with a Canadian bank account. More details
- Western Union When you need to send money to loved ones, count on Western Union Money Transfer®* services to do it quickly and conveniently. More details
- Direct Deposit Direct deposit is the quick and easy way to have cheques deposited to your account electronically for easy access to your money. More details
- Scotia Simple Switch The Scotia Simple Switch® program is a free service providing you with a convenient and hassle-free way to transfer your bank account to Scotiabank. More details
Money Finder Calculator
Review your cashflow and find ways to saveUse this tool
Let us help you find the right account.Use this tool
Account Comparison Tool
Easily compare features of up to three accounts.Use this tool
Bank The Rest calculator
See how much money you'll save monthly with your regular debit card purchases.Use this tool
Pay Yourself First Tools
Save for the short and long term with automatic savings.Use this tool
Ready to applyWhat do I need to apply?
- PhoneTakes about 8 minutes 1(800)472-6842Mon-Fri (8am-6pm)
- Online 3 easy steps, 100% safe and secure Open an Account
- * Applies to transfers of CAD$ only.
- 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