Savings Accounts

  • MomentumPLUS Savings Account

    All your savings goals. One savings account.

    • Save for multiple goals in one account
    • Earn even more interest1 when you open and fund a Premium Period(s)2
    • The longer you save, the higher your interest rate

    View MomentumPLUS Savings Account

  • Savings Accelerator Account

    Grow your savings faster! This account is available in Tax Free Savings Accounts and other Registered plans.3

    • Available in both non-registered and registered accounts such as TFSAs, RSPs or RESPs
    • Earn at a higher interest rate based on your balance tier4

    View Savings Accelerator Account

  • Money Master Savings Account

    Everyday savings account for your goals.

    • Convenient access to your money at any given time
    • Grow your savings every time you use your debit card5 with Bank the Rest®

    View Money Master Savings Account

  • Scotia U.S. Dollar Daily Interest Account8

    Make your U.S. dollars go further.

    • Competitive foreign exchange rates
    • Easy online transfers between your Canadian and U.S. accounts
    • Commission-free U.S. dollar drafts
    • No monthly account fees with a $200 U.S. minimum balance
    • No monthly account fees if you’re 60 and over

    View Scotia U.S. Dollar Daily Interest Account

  • Scotia Euro Daily Interest Savings Account8

    A better way to save euros.

    • Competitive foreign exchange rates
    • The higher your balance, the higher your interest rate4
    • No monthly account fees with a minimum balance of 200 euros
    • No monthly account fees if you’re 60 and over
    • Two free teller transactions per month9

    View Scotia Euro Daily Interest Savings Account
1
A maximum of five Premium Periods at any one time, each of which can have a length of 90 days, 180 days, 270 days, or 360 days. For each Premium Period, Premium Interest is calculated daily by applying the Premium Interest Rate to each deposit, including any accumulated Regular Interest, until the end of the Premium Period. Premium Interest is paid at the end of each Premium Period, so long as NO DEBIT TRANSACTION HAS OCCURRED within that Premium Period. When a debit transaction occurs, no Premium Interest is payable for that Premium Period and a new Premium Period of the same length will commence the same day. Refer to Current Rates Page for current Interest Rates, which are subject to change.
2
When you don’t make any withdrawals within the Premium Period timeframe you select.
3
The Scotiabank Savings Accelerator Account may be opened within the following registered investment accounts - TFSA, RSP, RESP, RRIF and RDSP.
4
The interest rate varies based on the balance in your account. Interest is paid on the portion of the daily closing balance within the specific tier. It is calculated daily and paid monthly.
5
Refer to Bank The Rest® Savings Program page for further details.
6
A self-service transfer means a transfer to your other Scotiabank account without the help of a teller, including those made through Scotia OnLine®, Scotiabank Mobile Banking and Contact Centre. A $5.00 per-transaction fee applies on all debit transactions that are not self-service transfers. Standard registered plan withdrawal and transfer fees apply for RESP, RSP and other registered accounts (except TFSA). The MomentumPLUS Savings Account does not have ABM or Point of Sale access or automated direct bill payment functionality.
7
Deposits are eligible to be insured under the CDIC Act only if they are in Canadian Currency, have a term of 5 years or less and are payable in Canada.
8
Not insured by the CDIC. Please note that, as of April 30, 2020, deposits made in a foreign currency are eligible for CDIC insurance.
9
Only teller-assisted debit and withdrawal transactions conducted at your branch of account are allowed on this account. ABM, telephone and Internet banking services, direct payment transactions, bill payments, overdraft protection and cheque-writing privileges are not available on this account.
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