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.
Earn a savings rate of up to 5.70%* for 3 months.
Savings Accelerator Account
Grow your savings faster within your investment plan with this high-interest savings account.
- Available to add on to any non-registered or registered plan
- 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
Additional information
Includes Regular Interest Rate of 1.05% plus a Package Interest Rate Boost of 0.10% for Ultimate Package holders, 360-Day Premium Period Interest Rate of 1.10% and a Welcome Bonus Interest Rate of 3.45% for 3 months. Regular Interest plus a Package Interest Rate Boost of 0.10% for Ultimate Package holders (or 0.05% for Preferred Package holders) is calculated daily, paid monthly. Premium Period Interest is earned when you choose a 90, 180, 270 and/or 360-day Premium Period. A longer Premium Period earns a higher Premium Period Interest Rate provided you don’t make any withdrawals within the Premium Period you select. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Welcome Bonus Interest is calculated daily and paid monthly for 90 days (3 months) on your first MomentumPLUS Savings Account opened. Interest rates are per annum and subject to change. Visit the Current Rates Page for more information and current rates.