Master the art of savings

To qualify for a $50 cash bonus (the “Offer”), you must open a new Money Master account (the “Account”) between March 11^th 2025, and June 13^th 2025 (“Offer Period”) and meet the following conditions:

1. Within the Offer Period, enroll your new Account in either the Pay Yourself First or the Savings Finder tool (each a “Smart Savings Tool”); and
2. Maintain enrolment in a Smart Savings Tool for 90 consecutive days.

*Note: Enrolment in a Smart Savings Tool is subject to certain eligibility requirements and can only be done through the Scotiabank mobile banking app. For example, enrollment in the Pay Yourself First tool will not be available if you have not had at least 4 eligible recurring deposits⁵ to your Scotia Chequing Account at the time you attempt to enroll. Only one tool can be enrolled in at a time but you can switch tools at any time.

Eligibility and Exclusions:  Individuals who are currently holders of a Scotiabank Money Master Account are not eligible for the Offer. In order to qualify for the Offer, the individual cannot have held the Money Master Account within the last 6 months.  

Fulfilment Terms:  Provided all the Offer conditions outlined above have been met the $50 cash bonus (the “Bonus”) will be deposited to the Account within approximately nine (9) months from the Account open date provided the Account is open and in good standing at the time of payout. For purposes of this Offer, an Account is not in 'good standing' if it has a negative balance, or the Account holder is in breach of the Account agreement with Scotiabank. For joint accounts, only the primary account holder is eligible for the Offer.  If multiple Accounts are opened, only the first Account that fulfills all of the Offer conditions will be eligible for a Bonus. Limit of one (1) Bonus per client regardless of the number of Accounts opened.

All other terms and conditions of the Account and Smart Savings Tools continue to apply. The Offer is non-transferable and may not be duplicated. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers on the Account, unless otherwise permitted by Scotiabank. All rates, fees, features and benefits are subject to change. 

The regular annual interest rate on the Money Master Savings Account is paid on the entire balance based on the tier within which the daily account closing balance falls (tier rates are subject to change and may not differ from one another). The interest rate paid depends on the total daily closing balance. Interest rate is applied to the entire balance, calculated daily, and paid monthly. Interest rates are subject to change at any time with or without notice. For the current bonus interest rate please go here.

Deposits or income sources that are greater than $200 per deposit, credited into your Source Account with a weekly, bi-weekly, monthly, semi-monthly or every two months frequency will be considered recurring and can be selected as part of your enrolment in the Pay Yourself First.

Based on an analysis of your transaction activity (including spending patterns, expenses, and incoming funds) in your designated chequing account over the three-month period prior to the transfer and the default balance limit for the Pay Yourself First tool of $400, or the limit you have chosen. For example, if your designated chequing account balance is below the default limit of $400, then the tool will not initiate the transfer. Click here for full terms and conditions.

Interest on the credit balance in your Target Account (defined below) will be paid in accordance with the terms of your Day-to-Day Banking Companion Booklet.

In addition to the interest payable on your Target Account, by enrolling into a Smart Savings Tools option, you will be eligible to earn the bonus interest (“Bonus Interest”) on the daily account closing balance in your eligible Money Master Savings Account (“Target Account”).  Within approximately five business days after you have successfully enrolled your Target Account in one of the Smart Savings Tools options and for so long as it continues to remain enrolled, your bonus interest rate will be applied daily to the entire daily account closing balance.

Your Bonus Interest will be calculated daily and payable monthly.  The bonus interest rate is an annual rate and is subject to change with or without notice. For the current bonus interest rate please go here.

This Bonus Interest cannot be combined with any other bonus interest offer applicable to your Target Account.  If you accept an offer for any other or additional bonus interest offer on your Target Account, you will no longer be eligible to receive the Bonus Interest and such Bonus Interest will automatically no longer be applied to your Target Account as of the date of your acceptance of any such offer. This feature is subject to change or be cancelled at any time.

Based on an analysis of your transaction activity (including spending patterns, expenses, and incoming funds) in your designated chequing account over the three-month period prior to the transfer and the default balance limit for the Savings Finder tool of $200, or the limit you have chosen. For example, if your designated chequing account balance is below the default limit of $200, then the tool will not initiate the transfer. The range of amounts and frequency of such transfers is set by Scotiabank and may be amended from time to time, without prior notice to you. For more information on the current ranges and frequencies please refer to the FAQs section in Scotia Smart Money by Advice+ on the Scotia mobile app. Click here for full terms and conditions.

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