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Savings Account Rates
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Effective November 9, 2009
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Scotia Power Savings AccountTM
| Annual Interest Rate on account with balances:* |
| $5,000 or more |
1.000% |
| under $5,000 |
0.000% |
Money Master® Savings Account
| Annual Interest Rate on account with balances:* |
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| $5,000 or more |
0.250% |
| under $5,000 |
0.150% |
Money Master® for business
| Annual Interest Rate on account with balances:* |
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| $5,000 or more |
0.250% |
| under $5,000 |
0.150% |
Scotia Gain Plan Investment Savings® Account
| Paid on the portion of the balance within each tier |
Annual Interest Rate* |
| $100,000 and over |
0.100% |
| $75,000 - $99,999 |
0.100% |
| $60,000 - $74,999 |
0.100% |
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| Paid on the total balance |
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| $25,000 - $59,999 |
0.050% |
| $10,000 - $24,999 |
0.050% |
| $5,000 - $9,999 |
0.025% |
| Under $5,000 |
0.010% |
Daily Interest Savings Account
| Annual Interest Rate* |
0.050% |
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Scotia Plus® Daily Interest Savings Account
| Annual Interest Rate* |
0.100% |
Scotia U.S. Dollar Daily Interest Account
| Paid on the portion of the balance within each tier |
Annual Interest Rate* |
| $60,000 and over |
0.150% |
| $25,000 - $59,999 |
0.100% |
| $10,000 - $24,999 |
0.050% |
| $5,000 - $9,999 |
0.025% |
| $1,000 - $4,999 |
0.010% |
| Under $1,000 |
0.000% |
Cash in Scotia Investment Accounts
Scotia® Tax-Free Savings Account
| Annual Interest Rate on account with balances:* |
Annual Interest Rate* |
| $5,000 or more |
1.500% |
| under $5,000 |
1.500% |
Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. All transactions in the Scotia TFSA are settled through the Savings Account. Funds may be accumulated in the Savings Account prior to purchasing an investment.
Interest on funds in Canadian currency held in the Savings Account of your Scotia TFSA is calculated on your closing balance and paid monthly. During a leap year, interest is earned on the leap day. Upon account closure, interest earned up to the day of closure is paid on the account balance.
Investment Cash
| Annual Interest Rate on account with balances:* |
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| $5,000 or more |
0.250% |
| under $5,000 |
0.150% |
Scotia Registered Accounts hold Scotia GICs and Mutual Funds. Each account also contains a Cash section through which all transactions are settled. Funds may be accumulated in the Cash section prior to purchasing an investment.
Interest on funds in Canadian currency held in the cash section of your account is calculated on your closing balance and paid monthly. During a leap year, interest is earned on the leap day. Upon account closure, interest earned up to the day of closure is paid on the account balance.
Rates are provided for information purposes only and are subject to change at any time.
* The interest rate paid depends on the total daily closing balance. Interest rate is applied to the entire balance, calculated daily, and paid monthly.
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