Based on your answers here's our recommendation...¹⁸
Money Master Savings Account  

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 5 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.

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.

Annual interest rate 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.

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.