Savings Accounts

Includes Regular Interest Rate of 0.15% plus an Interest Rate Boost of 0.10% for Ultimate Package account holders, 360-Day Premium Period Interest Rate of 1.10%, and a limited time Bonus Interest Rate of 1.35% on New Funds. Regular Interest is calculated daily, paid monthly. Premium Period Interest is earned when you choose a 90, 180, 270 and/or 360-day Premium Period. A longer Premium Period earns a higher Premium Period Interest Rate. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Bonus Interest is calculated daily and payable until August 31, 2020 on the first $5,000,000 of New Funds deposited between April 9, 2020 – August 31, 2020 and will be paid monthly. Interest rates are per annum and subject to change. Visit scotiabank.com/rates for current rates.

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 Regular Interest Rates, which are subject to change.

When you don’t make any withdrawals within the Premium Period timeframe you select.

The Scotiabank Savings Accelerator Account may be opened within the following registered investment accounts - TFSA, RSP, RESP, RRIF and RDSP.

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.

Refer to Bank The Rest^® Savings Program page for further details.

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 Momentum^PLUS Savings Account does not have ABM or Point of Sale access or automated direct bill payment functionality.

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.

Not insured by the CDIC. Please note that, as of April 30, 2020, deposits made in a foreign currency are eligible for CDIC insurance.

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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