Premium Savings Account

Right for you if:

  • You want to earn the highest interest possible
  • You plan to maintain a balance of $5,000 or more

The Premium Savings Account offers one of our highest interest rates for balances of $5,000 or more. Plus:

  • 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

1

debit transaction included each month

No charge for deposits

Unlimited electronic transfers between Scotiabank accounts

Earn a premium rate of interest on balances of $5,000 and above. Interest is calculated on the daily balance and paid monthly, plus:


  • No monthly fee when you maintain a minimum daily balance of $1,000 or more1
  • One debit transaction2 included each month through any channel
  • Monthly statements for your records
  • Unlimited electronic transfers between Scotiabank accounts
  • No charge for deposits

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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