Scotiabank's Online, High Interest Savings Account
The Scotia Power Savings Account™...the perfect savings account to help you reach your savings goals.
Saving for a larger purchase or expense? A down payment for a new home? That dream family vacation? The Scotia Power Savings Account will help you get there, faster!
You get the best of both worlds: accessible savings and a great rate.
Scotia Power Savings Account Features
- Very competitive interest rate
- No monthly plan fees
- Interest is calculated daily and paid monthly on every dollar saved for daily closing account balances that are at least $5,000
- Direct deposit/transfer to your Scotia Power Savings Account from another financial institution using our convenient Bank to Bank transfer service, free of charge
- Unlimited free CAD funds transfers to and from your other Scotiabank accounts when you use Scotia OnLine Financial Services, TeleScotia® Telephone Banking, Automated Banking Machines (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)
- Account details are available online (Paperless) and in Braille for the visually impaired
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