Scotia High Interest Savings Account

 

Make the most out of your savings

The Scotia High Interest Savings Account (HISA) rewards your relationship with the Bank, not just the balance in one savings account. With a Total Relationship Balance1 of at least $10,000, you qualify to earn at least 1.5%2 in regular interest.

Explore interest rates

Interest rate that grows the more you bank with us

Not all savings accounts are created equal.

The Scotia High Interest Savings Account (HISA) is different - the more you deposit and invest with us, the higher your interest rate on your HISA account.

It's simple: keep a Total Relationship Balance1 of at least $10,000 to start earning a high interest rate. As the balances across your eligible accounts grow, so will the interest rate on your HISA.

How your interest rate is determined

Your HISA interest rate is determined by your Total Relationship Balance1, which is the combined daily closing balance in your eligible chequing, savings, and investment accounts.

Regular interest rate

Up to 2.2%

$10,000 minimum Total Relationship Balance1 required to earn interest2.

Interest rates

The Regular Interest Rate on your Scotia HISA is determined by your Total Relationship Balance1.

Total Relationship Balance1 Levels Total Relationship Balance1 Regular Interest Rate2
Level 5 $500,000 or more 2.20%
Level 4 $250,000-$499,999 2.00%
Level 3 $100,000-$249,999 1.75%
Level 2 $10,000-$99,999 1.50%
Level 1 Less than $10,000 0%

Account benefits

Earn competitive interest rates that increase as your Total Relationship Balance1 grows

Pay no monthly account fees

Make unlimited self-service transfers between your accounts3

Frequently asked questions

Ready to open a Scotia High Interest Savings Account?

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Not sure if this is the account for you?

This account might not be right if you
  • Have a Total Relationship Balance of less than $10,000
  • Want to benefit from Smart Savings tools to build your savings habits
  • Want to use this account for everyday transactions
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Eligible for CDIC Insurance

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1
Total Relationship Balance: for any day, the sum of daily closing balances for that day in your eligible Scotiabank chequing accounts, savings accounts, GICs, & Mutual including Scotia Registered Accounts and Scotia Investment Accounts (as defined in the Investment Companion Booklet)  “Eligible Accounts”) linked to your retail client profile for which you hold your HISA. A complete list of the Eligible Accounts is found here www.scotiabank.com/TotalRelationshipBalance and Eligible Accounts include sole and joint accounts. We evaluate your Total Relationship Balance daily based on the daily closing balances of all Eligible Accounts. For Mutual Funds, your daily closing balance is based on market value. For GICs where interest is paid before maturity, your daily closing balance is equal to the principal amount less the amount of all partial redemptions plus any accrued interest up to that date. For GICs where interest is compounded, your daily closing balance is equal to the principal amount less the amount of all partial redemptions plus compound interest earned, plus interest accrued up to that date. For eligible non-Canadian dollar accounts, the balance will be determined based on the daily exchange rate determined by us and shown in Canadian Dollars. The Regular Interest Rate, determined based on your Total Relationship Balance, will only apply to the balances held in HISA. Non-personal accounts and accounts held at ScotiaMcLeod, iTrade, Private Investment Counsel (PIC) and/or any account type that is not in this list are excluded from the Total Relationship Balance.
2
Your HISA pays interest on your HISA balance at the Regular Interest Rate which is the Balance Level Interest Rate for the Balance Level into which your Total Relationship Balance falls. The Regular Interest Rate is the annual interest rate determined by your Total Relationship Balance and the corresponding Balance Level. As your Total Relationship Balance changes on a daily basis, the applicable Balance Level may also change, which may result in a change to the Regular Interest Rate that would apply to the HISA balance. Balance Levels are structured in such a way that, if the Total Relationship Balance exceeds or equals $10,000 CAD, you will earn the applicable Regular Interest Rate. Current interest rates for eligible deposit accounts including Regular Interest Rate and Balance Level Interest Rate may change at any time without prior notice. For the latest interest rates, please refer here www.scotiabank.com/rates for the current rates. .  The Regular Interest Rate applicable, as determined by your Total Relationship Balance on any day is applicable to the entire HISA balance.
3
Self-Service Transfer means a transfer to your other Scotiabank accounts without the help of a teller, including through Online Banking, Mobile App and Contact Centre.