Savings accounts

No matter what you're saving for, we've got the savings account that's right for you.

Choose a savings account that’s right for you

MomentumPLUS Savings Account

All your savings goals. One high-interest savings account.

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Earn a savings rate of up to 6.05%* for 3 months. 

  • Save for multiple goals in one account
  • No monthly account fees or minimum balance required
  • Earn even more interest1 when you open and fund a Premium Period(s)2
  • The longer you save, the higher your interest rate

Savings Accelerator Account

Grow your savings faster within your investment plan with this high-interest savings account.

  • Available to add on to any non-registered or registered plan
  • The higher your balance, the higher your interest rate
  • No monthly account fees or minimum balance required

Money Master Savings Account

Everyday savings account for your goals.

  • Convenient access to your money at any given time
  • No monthly account fees or minimum balance required
  • Grow your savings every time you use your debit card3 with Bank the Rest®

Scotia U.S. Dollar Daily Interest Account

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

Scotia Euro Savings Account

A better way to save euros.

  • Competitive foreign exchange rates
  • 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 month5
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Banking with Scotia just makes sense

No monthly account fees

Scotia Smart Money budgeting tool

4,000+ ABM and convenient branch locations

Personalized financial advice

Keep the change

You may not miss your spare change now, but it can add up over time.

With our Bank the Rest savings program, everyday purchases transaction made with your Scotiabank debit card will be automatically rounded up to the next multiple of $1 or $5 and transferred to your Money Master saving account. 

Talk to a Scotia advisor today

A Scotiabank advisor is someone you can talk to about your today and trust with your tomorrow.

What are you saving for?

Whether you’re saving for a big purchase or building your emergency fund, we can help you reach your goals.

Investing with a “PAC” mentality

How you can make your savings easy and automatic with pre-authorized contributions.

3 easy steps to starting an emergency fund

When it comes to unforeseen events like job loss, illness or major home repairs, it’s important to be financially prepared.

Frequently asked questions