High interest savings accounts

Grow your savings with high interest. 

Enjoy no monthly account fees, unlimited self-service transfers4, free Scotia InfoAlerts, and CDIC Deposit Protection eligibility with our high interest savings accounts (HISA).

Choose a savings account that’s right for you

MomentumPLUS Savings Account

All your savings goals. One high-interest savings account.

Special offer tag

Earn a savings rate of up to 6.05%* for 3 months. 

  • Save for multiple goals in one account
  • No monthly account fees or minimum balance required
  • Earn even more interest1 when you open and fund a Premium Period(s)2
  • The longer you save, the higher your interest rate

Savings Accelerator Account

Grow your savings faster within your investment plan with this high-interest savings account.

Special offer tag

February 1 to May 31, earn an interest rate of up to 5.10% on new FHSA deposits with the Savings Accelerator Account.

  • Available to add on to any non-registered or registered plan
  • The higher your balance, the higher your interest rate
  • No monthly account fees or minimum balance required

Money Master Savings Account

Everyday savings account for your goals.

  • Convenient access to your money at any given time
  • No monthly account fees or minimum balance required
  • Grow your savings every time you use your debit card3 with Bank the Rest®

Benefits of high interest savings accounts

No fees

Enjoy no monthly fees on all of our high interest savings account 

Unlimited transfers

Transfer between chequing and savings as often as you’d like with unlimited self-service transfers4

Automatic savings

Make saving easier with automatic pre-authorized contributions

Free alerts

Instantly get notified when important activity happens on your account with Scotia InfoAlerts

Always protected

Protect all your deposits made through Scotiabank with CDIC Deposit Protection**

Keep the change

You may not miss your spare change now, but it can add up over time.

With our Bank the Rest savings program, everyday purchases transaction made with your Scotiabank debit card will be automatically rounded up to the next multiple of $1 or $5 and transferred to your Money Master saving account. 

Talk to a Scotia advisor today

A Scotiabank advisor is someone you can talk to about your today and trust with your tomorrow.

Let us help you save

Whether you’re saving for a big purchase or just starting out, we can help you reach your goals. 

Investing automatically makes saving easier 

Investing on a regular basis through PACs is a great way to build your savings. 

How to choose between a GIC and a High Interest Savings Account 

Take the time to consider which saving option is better for you. 

How much should I have in savings? 

You want to save but what should your goal be?

Frequently asked questions