Crowd Deposit Plan

Save together and earn more

An easy way to earn more interest on surplus funds1

Whether as a Franchisee, member, or association, businesses want to earn as much as possible with their surplus funds. But individually their balances may not be large enough to earn a higher interest rate. The Crowd Deposit Plan can help. 

Here's how it works:

  • Individual account balances are combined within a single Crowd Deposit Plan.

  • The interest rate is based on this combined balance2

  • Because the collective balance is bigger, everyone can earn a higher interest rate on their individual balances.

  • Ideal for companies with separate business entities.

    Compare the difference the Crowd Deposit Plan can make3

    Without the Crowd Deposit Account
    Without the Crowd Deposit Account

    All accounts participating in the Crowd Deposit Plan will use the same interest rate based on the interest rate tier of the aggregate balance.

    Better rates are just the beginning

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  • Interest rates and tiers are customized to suit your company.4

  • Account holders can withdraw funds at any time.

  • Accounts remain individually owned by the account holder.

  • Individual account statements are sent directly to the account holders.

  • There’s no maintenance or transaction fees.5

  • It’s available for Canadian or U.S. funds.

  • Open a Crowd Deposit Plan today:
     

    Speak with a specialist

     Or contact your Scotiabank Business Advisor or Relationship Manager

    Eligible for coverage by the Canadian Deposit Insurance Corporation (CDIC)

    For full details of coverage limitations, refer to the CDIC brochure Protecting Your Deposits, or ask for a copy at you Scotiabank branch