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||0.35%|
|$200,000 - $999,999||0.30%|
|$100,000 - $199,999||0.25%|
|$1 - $99,999||0.20%|
The rates reflected in this table may change. Please click here to see the latest interest rates for this account.
Frequently asked questions
Speak to a Payments, Cash Management & Deposits Specialist today
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.