Main features and perks

  • Earn interest on every dollar you save 2 
  • Savings made easy with Bank the Rest® or automatic contributions 
  • 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, whenever you need it
  • Want to save each time you use your debit card with Bank The Rest® savings program
  • Want free unlimited transfers between Scotiabank accounts via self-service

May not be right for you if you:

  • Want to earn higher interest the longer you save

More product benefits

Transfer

Grow your savings

With Bank The Rest, start growing your savings every time you use your debit card. Click here to learn more

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Account features

No monthly account fees 

Move money

Free add-ons

Paperless record keeping

Request money

Transfers

Unlimited self-service transfers1

More perks

  • 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

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Momentum PLUS Savings Account

  • The longer you save, the higher your interest4
  • Choose the timeline and track as you earn
  • Save for multiple goals in one account
  • Earn a savings rate of up to 5.00%* for 5 months on a MomentumPLUS Savings Account

Find the right account for you

Start over
1

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. 

2

Annual interest rate is paid on the entire balance based on the tier within which the daily account closing balance falls. The interest rate paid depends on the total daily closing balance. Interest rate is applied to the entire balance, calculated daily, and paid monthly.

3
Regular Interest is calculated by applying the Regular Interest Rate to your daily closing balance and is paid monthly. 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 interest rates, which are subject to change.
4
Regular Interest is calculated by applying the Regular Interest Rate to your daily closing balance and is paid monthly. 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 interest rates, which are subject to change.
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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.