Right Size Savings for Business
Earn a competitive interest rate1 on surplus funds up to $2 million, when you keep $10,000 in this progressive, tiered account
An ideal account to save between CAD $10,000 - $2 million
Earn a higher interest rate for larger balances1
Withdraw funds at anytime
Save with no monthly account maintenance fee2 and free, self-service transfers3
View account details and interest rate tiers4
|Balance Tiers||$ CDN Account|
|$2,000,001 and more||0.00%|
|$1,000,000 - $2,000,000||4.05%|
|$200,000 - $999,999||4.00%|
|$100,000 - $199,999||3.75%|
|$1 - $99,999||3.50%|
The rates reflected in this table may change. Please click here to see the latest interest rates for this account.
Frequently asked questions
This account offers unlimited free Canadian dollar self-service transfers to and from your other Scotiabank accounts when you use Scotia OnLine® Financial Services, ScotiaConnect® digital banking services, TeleScotia® telephone banking services, Scotiabank Automated Banking Machines (ABMs) or Internet Banking Services. Please see Your Guide to Fees and Interest Schedules for details. As this account is intended for savings, a fee of $5.00 is applied on the following debit transactions (per item): ABM Withdrawals, Cheques, Direct Payments, Bill Payments (ABM, Scotia OnLine®, ScotiaConnect® or TeleScotia®), and Other Debits.
All other standard, non-transfer debit transactions such as ABM withdrawals, Cheques, Direct Payments, Bill Payments through ABM, Scotia OnLine or ScotiaConnect and other debits are pay-per-use banking transactions. Deposit and sundry service fees apply as outlined in Your Guide to Fees and Interest Schedules.