Scotiabank Momentum Savings Account

No Monthly Fee
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3 easy steps, 100% safe & secure

Top reasons to choose this account

  • Earn competitive regular interest on every dollar saved
  • Earn extra interest on balances $5,000 or more every 90 days if no withdrawals are made
  • Track your progress through Scotia OnLine and Mobile and sign up for Scotia® InfoAlerts
  • Easy access to funds through Scotia OnLine, Mobile, TeleScotia®, Customer Contact Centre and ABM
  • Add Pre-Authorized Contribution and our Bank The Rest® savings program to save even more
  • Unlimited transfers to Scotiabank accounts using Scotia OnLine, Mobile Banking, ABM, TeleScotia and Customer Contact Centre.
  • Eligible for CDIC insurance. Please see CDIC Deposit Insurance Information for further details.

Helpful Account Services

Great services to help you manage your money

Free Scotia® InfoAlerts

Get an email or text notification every time money moves through your account. Find out more.

Interac e-Transfer

Pay your Internet, cell phone bill and more automatically. No missed due dates and no late fees. Set up a payment.

Western Union

A perfect way to send funds to family and friends worldwide. Find out more.

Direct Deposit

Have your paycheque, pension and more automatically deposited into your account and access your money right away. Set it up.

Online & Mobile Banking

Manage, move and monitor your money from wherever you are, whenever you want. Find out more.

Momentum Savings Account Tracker

Easily track your extra interest earned through Scotia OnLine and Mobile Banking. Find out more.

Free Add-Ons

Make saving easier with these convenient add-ons.

Bank The Rest® Savings Program

Spend and save just by using your ScotiaCard® debit card.

Pre-Authorized Contributions

Save automatically. It's the easiest way to save for the things that matter to you


Account Selector

Find the right account for me.

Chequing & Savings Comparison Tool

Find the one that's right for you. .

Bank The Rest® Demo & Calculator

Turn Your Debit Purchases Into Savings

Moneyback calculator

Discover how much money back you can earn

Pay Yourself First Tool

See how Paying Yourself First can help you meet your savings goals.

Scotiabank Momentum Savings Account

1:51 min | Show Transcript

With the Scotiabank Momentum Savings Account, you’ll be rewarded. Twice.

Additional Information

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Day-to-Day Banking
Companion Booklet

PDF: 499 kb