Money Master® Savings Account

Right for you if:

  • You want to start saving for your future
  • You want a competitive interest rate
Apply Today
  • Very competitive interest rate
  • No monthly plan fees
  • Unlimited free transfers*
  • Paperless recordkeeping See up to 18 months of transaction history at any time with Scotia OnLine.

PLUS:

Interest is paid to you from the first dollar saved and applied to the full balance.

An ideal companion to your Day-to-Day transaction account.

Fees

  • No monthly fee
  • For all other debit transaction (i.e. branch withdrawals or branch transfers, ABM withdrawals, direct payment purchases, bill payments and pre-authorized payments), a $5.00 per transaction fee will apply.
  • Summary of Account Fees
  • Recordkeeping Options
    Paperless no charge
    Paper statement $2.00/month
  • Interest
    Competitive interest rate paid on the first dollar saved

Additional Information

Adobe Acrobat Reader is needed to download PDF brochures.

  • Day-to-Day Banking Companion Booklet
    PDF: 499 kb
    Download

Account Combos

Take advantage of our combo offers. Some things are just better together.

Bank the Rest®+

Money Master® Savings Account

With our Bank The Rest savings program, you can spend and save just by using your Scotiacard® debit card.

Apply now

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.

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
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

Ready to apply

What do I need to apply?
  • PhoneTakes about 8 minutes 1(800)472-6842 Mon-Fri (8am-6pm)
  • In person Make an appointment at your local branch Find a local branch
  • Online 3 easy steps, 100% safe and secure Apply Today
  • * Unlimited free transfers to your other Scotiabank accounts when you use Scotia OnLine Financial Services, Telescotia® Telephone Banking, ABMs and wireless banking services.