Money Market Deposit Account (USD)
Right for you if:
You are a Canadian, US or multinational entity
You require surplus funds to be domiciled in the US
US-domiciled money market deposit account
Optimize your return on stable funds
Premium yields on short-term investments while balancing security, liquidity and convenience
Funds are a direct cash deposit obligation of Scotiabank
Funds are available on demand1
Competitive returns based on global benchmarks:
- 1 month USD LIBOR rate
- Fed Funds Target rate
Interest is calculated daily and credited monthly
Account incurs no fund management fees or administration expenses
Subject to notice requirement.
Rates subject to change without notice. An adjustment factor to rate bases may apply. Rate base changes are effective daily.