Make money while you wait.
Earn a savings rate of up to 3.25%* for a limited time with the MomentumPLUS Savings Account. The longer you wait, the higher your savings rate.
(Current rate as of June 21, 2022. Previous interest rate was up to 2.95%.)
Earn a savings rate of up to 3.25%* interest for a limited time
Enroll for Bonus Interest and make an eligible deposit by December 31, 2022.
Is this Savings Account right for you?

Right for you if you:
- Want to earn higher interest the longer you save
- Will not require ABM, Point of Sale access or automated direct bill payment functionality
- Want free unlimited transfers between Scotiabank accounts via self-service

May not be right for you if you:
- Are interested in only opening a savings account that earns interest
Top reasons to choose this account

The longer you save, the higher your interest rate

Save for multiple goals in one account

No monthly account fees or minimum balance required

Choose the timeline and track as you earn
Enjoy a great everyday interest rate
With the MomentumPLUS Savings Account, you can earn a savings rate of up to 3.25%* for a limited time with:
Regular Interest Rate1 + Premium Period Interest Rate2 + Ultimate Interest Rate3 Boost + Bonus Interest Rate
Regular Interest1
0.55%
Premium Period Interest2
1.00% | 360 days
0.95% | 270 days
0.90% | 180 days
0.85% | 90 days
Get the Ultimate Package and earn an additional 0.10%3
Bonus Interest
1.60%
until December 31, 2022 on eligible deposits
Regular Interest: Our everyday rate calculated daily, paid monthly.
Premium Period Interest: Calculated daily, paid at the end of each Premium Period as long as no debit transaction has occurred within that Premium Period.
Ultimate Package: Account holders receive an additional 0.10%3 annually added to any MomentumPLUS Savings Account held by the account holders. Calculated daily, paid monthly.
Bonus Interest: Earn on eligible deposits made by December 31, 2022. Calculated daily, paid monthly.
Interest rates are per annum and subject to change. Visit the Current Rates Page for more information.
Spend, save, and more all from one banking package.
Open an Ultimate Package and earn an additional 0.10%3 on your MomentumPLUS Savings Account! That’s a total of up to 3.25%* with our Ultimate Package.
What you get with your account
Account Features
No monthly account fees or minimum balance required
Transfers
Unlimited self-service transfers4
Automatic Savings
Set up an automatic savings plan and watch your savings grow
Mobile and Online Banking
Transfer funds, view your transaction history, and more
Mobile Cheque Deposit
Take a picture of your cheque and deposit it into your account
All your savings goals. One savings account.
Account Details
Number of Self-Service Transfers4
Unlimited. Charge for each debit transaction that is not a Self-Service Transfer is $5.004
Account Fees
For complete details of your Monthly Record-Keeping Options and Fees, review Summary of Account Fees.
Here are some answers to our most popular questions:
Let's get started
Find out how you can reach all of your savings goals.

Online
100% safe & secure

By phone
Prefer to talk to us?

In person
Talk to a Scotiabank Advisor
Includes Regular Interest Rate of 0.55% plus an Interest Rate Boost of 0.10% for Ultimate Package account holders or 0.05% for Preferred Package account holders, 360-Day Premium Period Interest Rate of 1.00% and a limited time Bonus Interest Rate of 1.60% as of June 21, 2022 (previously 1.30%) on New Funds. 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 Interest Rate. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Bonus Interest is calculated daily at the Bonus Interest Rate of 1.00% on New Funds deposited between March 3, 2022– April 25, 2022 and at the Bonus Interest Rate of 1.30% on New Funds deposited between April 26, 2022– June 20, 2022 and at the Bonus interest Rate of 1.60% thereafter until December 31, 2022 up to a maximum of $5,000,000 of New Funds and will be paid monthly. Regular Interest is calculated daily, paid monthly. Interest rates are per annum and subject to change. Visit the Current Rates Page for more information.
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.