Main features and perks
- No minimum balance required and no monthly account fees
- Grow your savings easily and automatically with our smart savings tools by Advice+
- Earn interest on every dollar you save1
- Convenient and easy access to your money, whenever you need it
Is this Savings Account right for you?

Right for you if you:
- Want to earn interest on the money you save but also want convenient and easy access to your money, at any time
- Want help finding savings using our smart savings tools or Bank the Rest program, and value insights that help improve your savings habits
- Want free unlimited transfers between Scotiabank accounts via self-service

May not be right for you if you:
- Want to earn higher interest and prefer to save on your own (e.g., not rely on automated savings tools)
More product benefits

Account features
No monthly account fees

Free add-ons
Paperless record keeping

Transfers
Unlimited self-service transfers2
More perks
- Save every time you use your debit card with the Bank the Rest program
- With online and mobile banking, manage, move, and monitor your money from wherever you are, whenever you want
- Receive a notification in your mobile app when important activity happens on your account
You may also like this option

MomentumPLUS Savings Account
- Save for multiple goals in one account
- No monthly account fees or minimum balance required
- Earn even more interest3 when you open and fund a Premium Period(s)4
- The longer you save, the higher your interest rate
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.
Self-service means transfers processed without the help of a Teller through online banking, Scotiabank mobile banking, ABM, TeleScotia®, and the Contact Centre. A $5.00 per-transaction fee applies on all debit transactions except transfers to your other Scotiabank accounts using online banking, TeleScotia®, Scotiabank mobile banking, a Scotiabank ABM, and the Customer Contact Centre. Transactions for which a fee will be charged include branch-assisted withdrawals and transfers, ABM withdrawals, direct payment purchases, bill payments, pre-authorized payments, and cheque withdrawals.
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 Premium Interest Rates, which are subject to change.
When you don’t make any withdrawals within the Premium Period timeframe you select.
Recommendations are provided for information purposes only and should not be relied upon as financial, investment or other advice. All recommendations are based on the information provided to us during this online process in relation to Scotiabank’s current product and service offerings. Terms and conditions apply to all products, services, offers and benefits displayed and should be reviewed carefully. All rates, fees, products, services, offers, and benefits and related terms and conditions are subject to change.
Please visit your nearest branch or call [1-800-472-6842] to speak with a Scotiabank representative.