Momentum Savings Account

Video Transcript

The Scotiabank Momentum Savings Account.

Everyone likes being rewarded.

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

It’s the only account with no monthly fee that rewards you with both regular and extra interest just for keeping your money saved—so you can save like never before. Let’s show you how.

Just like a regular savings account, you’ll earn regular interest on your balance calculated daily and paid monthly.

But unlike regular savings accounts, you’ll earn extra interest when you make no withdrawals for 90 days.

We call it a Momentum Savings Premium, but you can call it awesome.

Let’s say you make a deposit and your balance is $6,000.

Your extra earning period begins automatically.

Even better, you’ll earn regular and extra interest on your entire balance as it grows, including on any additional deposits you make along the way.

Your regular interest is paid at the end of each month and, after 90 days your extra interest is also paid.

You don’t have to do a thing.

Need to make a withdrawal? No problem.

When you make a withdrawal, you’ll earn the regular interest rate on your balance and your extra interest earning period resets automatically allowing you to earn more interest at the end of 90 days.

The Scotiabank Momentum Savings Account makes it easy to earn one of the best savings rates.

It also comes with an easy-to-read tracker that’s available online and through mobile banking.

You can view the countdown to each 90-day period, so you always know how many days remain, and the total extra interest that’s been calculated so far.

The Scotiabank Momentum Savings Account.

Visit a branch or go online to open an account today