ScotiaMax One Account

Right for you if:

  • You want to earn interest while you save
  • You need unlimited transfers between your Scotiabank accounts

The ScotiaMax One Account gives you convenient access to your savings while earning interest at a competitive rate. Benefits include:

  • Keeping your long-term funds separate from your everyday banking, so you reach your savings goals more quickly
  • No monthly fee1, when you maintain a minimum daily balance of $1,000
  • Unlimited electronic transfers between your Scotiabank accounts
  • Printed statements for easy record keeping

1 $2 a month is charged if the balance falls below $1,000 at any time during the statement cycle.

Fees and Terms

3

debit transactions through any channel included each month

Unlimited electronic transfers between Scotiabank accounts

No charge for deposits

Earn a competitive rate of interest, with interest calculated on the daily balance and paid monthly. Other features of the ScotiaMax One Account include:


  • Unlimited electronic transfers between Scotiabank accounts
  • No monthly fee when you maintain a minimum daily balance of $1,000 or more1
  • 3 debit transactions included every month through any channel2
  • No charge for deposits
  • Monthly statements for your records

1 $2 a month is charged if the balance falls below $1,000 at any time during the statement cycle.
2 Additional transaction fees apply when you exceed the number of included transactions.

Additional Information

Scotiabank's Automatic Savings Plan (ASP) can help you save for a specific goal over a period of time by making regular, automatic contributions on your behalf.

An ASP automatically deducts a specified amount on a regular basis from your Checking or Savings Account, and deposits it directly into your destination account.

  • You can choose to invest weekly, bi-weekly, monthly, quarterly, semi-annually, or annually
  • Scotiabank will automatically transfer the money into the Scotiabank account you choose
  • You can change how much and how often you contribute at any time, or cancel the service by advising us in writing

By making regular contributions, you build your savings while earning a real return on the amount already contributed. As a result of this compounding, your portfolio has the potential to grow faster than if you made a single lump-sum contribution.

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