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
Grow your savings
With Bank The Rest, start growing your savings every time you use your debit card. Click here to learn more
No monthly account fees
Paperless record keeping
Unlimited self-service transfers1
- 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.
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.
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.
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.