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.
Earn a savings rate of up to 5.70%* for 3 months.
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
- 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
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
Additional information
Includes Regular Interest Rate of 1.05% plus a Package Interest Rate Boost of 0.10% for Ultimate Package holders, 360-Day Premium Period Interest Rate of 1.10% and a Welcome Bonus Interest Rate of 3.45% for 3 months. Regular Interest plus a Package Interest Rate Boost of 0.10% for Ultimate Package holders (or 0.05% for Preferred Package holders) 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 provided you don’t make any withdrawals within the Premium Period you select. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Welcome Bonus Interest is calculated daily and paid monthly for 90 days (3 months) on your first MomentumPLUS Savings Account opened. Interest rates are per annum and subject to change. Visit the Current Rates Page for more information and current rates.