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Registered Daily Interest Savings Account
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This account is available for both RSP and RRIF plans. Interest is calculated daily on your closing balance and credited to your account twice a year (at the end of June and December).
Benefits
- Accumulate money to purchase long-term investments.
- A good "parking spot" for your money while you consider investment options.
- Earn interest on every dollar, the higher your balance the higher your interest rate.
Features
- Build up a portfolio slowly.
- Regular contributions can be made to your RSP with a pre-authorized contribution of as little as $25 each month from any savings or chequing account.
- Funds can be automatically transferred to a GIC, which earns a higher interest rate, when your balance reaches $1,000.
- Interest rate increases with your balance and is periodically adjusted to reflect changing market conditions.
- No minimum deposit required.
You can purchase Scotiabank investment products:
- online with Scotia OnLine.
- at your local Scotiabank branch.
- OR by phone and for more information, call one of our Personal Investment Advisors at: 1-800-953-7441.
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