Momentum^PLUS Savings Account

Includes Regular Interest Rate of 0.55%, plus a Package Interest Rate Boost of 0.10% for Ultimate Package holders or a Package Interest Rate Boost of 0.05% for Preferred Package holders, 90-Day Premium Period Interest Rate of 0.25% and a Welcome Bonus Interest Rate of 4.10% for 3 months. Regular Interest and Package Interest Rate Boosts are 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 Momentum^PLUS Savings Account opened. Interest rates are per annum and subject to change. Visit the Current Rates Page for more information and current rates.

Regular Interest is calculated by applying the Regular Interest Rate to your daily closing balance and is paid monthly. Refer to Current Rates Page for current Regular Interest Rates, which are subject to change.

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.

Preferred and Ultimate Package account holders will receive the applicable Package boost to the Regular Interest Rate (the "Package Interest Rate Boost”). Refer to the Current Rates Page on Scotiabank.com for the Total Annual Interest Rate applicable to the Preferred Package and Ultimate Package (current Regular Interest Rate, plus Premium Period Interest Rate, plus Preferred/Ultimate Package Interest Rate Boost, as applicable), which is subject to change at any time without advance notice. It will take up to 10 business days after activating a Preferred or Ultimate Package account for the applicable Package Interest Rate Boost to apply. The applicable Package Interest Rate Boost will cease to apply effective as of the date that the Preferred/Ultimate Package account is closed. The Package Interest Rate Boost is an annual rate calculated daily on the Momentum^PLUS Savings Account(s) closing balance and paid monthly.

Self-Service Transfer means a transfer to your other Scotiabank account without the help of a Teller, including through Scotia OnLine®, Scotiabank Mobile Banking and Contact Centre. The Momentum^PLUS Savings Account does not have ABM or Point of Sale access or automated direct bill payment functionality.

The 4.10% Welcome Bonus Interest Rate Offer (the “Offer”) is available on all deposits made to your new Momentum^PLUS Savings Accounts (“Account(s)”) only for 3 months (90 days) from the date the Account was opened (the “Bonus Rate Period”). If the Account is opened on a statutory holiday or Sunday, the Bonus Rate Period will begin on the first business day after the Account is opened. Individuals who are currently or were previously a holder of a Momentum^PLUS Savings Account within the last 2 years are not eligible for the Offer. For joint accounts, at least one individual cannot currently or previously be a holder of a Momentum^PLUS Savings Account within the last 2 years, to qualify for the Offer. The Bonus Rate is an annualized rate and interest is calculated daily and paid monthly. After the Bonus Rate Period ends, the balance in the Account will earn interest at the then current posted Total Annual Interest Rate for the Account (which includes the Regular Interest Rate and Premium Period Interest Rate and, if applicable, the Ultimate Interest Rate Boost or the Preferred Interest Rate Boost). Refer to Current Rates Page for current interest rates, which are subject to change. Account must be open and in good standing at the time of any Bonus Rate payout in order to be paid. For purposes of this Offer, an Account is not in ‘good standing’ if it has a negative balance, or the Account holder is in breach of the Account agreement with Scotiabank. Limit of one (1) Offer per customer; Bonus Rate will only apply to the first eligible Account opened. Note: If multiple Momentum^PLUS Savings Accounts are opened on the same day, only the account that has the largest account number will be eligible for the Offer. For example, if two Momentum^PLUS Savings Accounts are opened on the same day with account numbers 1234 and 1236, only the account with the higher number (1236) will be eligible for the Offer. Interest rates are per annum and subject to change. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers. All other terms and conditions of the Account continue to apply. Refer to the Welcome Bonus Rate Offer Terms and Conditions & Day-to-Day Banking Companion Booklet. By making a deposit during the Offer Period, you are deemed to have accepted the offer, and consent to receive notices electronically via Scotiabank’s Digital Banking service which you can access by logging into ScotiaOnline or our mobile banking app. These electronic notices will notify you 21 and 5 days in advance of when the Bonus Rate Period expires and of any changes to your account(s) that will take effect after the offer period ends.