Savings accounts

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

  • MomentumPLUS Savings Account

    All your savings goals. One high-interest 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
  • 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
  • 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 card3 with Bank the Rest®
  • Scotia U.S. Dollar Daily Interest Account4

    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 Daily Interest Savings Account4

    A better way to save euros.

    • Competitive foreign exchange rates
    • The higher your balance, the higher your interest rate5
    • 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 month8

What you can access with every account

  • No monthly account fees

  • Mobile and online banking

  • Automatic savings with pre-authorized contributions

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. 

Learn about Bank the Rest Learn about Bank the Rest

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.