Sign InScotiabank MomentumPLUS Savings Account
No Monthly Fees
Regular1 + Premium Period Interest2
No Minimum Balance
Earn Regular Interest1 plus Premium Period* Interest2.
Here’s how it works:
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Account Details
Monthly Record-keeping Options and Fees, for complete details review Summary of Account Fees.
| Core Account Features & Fees | |
|---|---|
| Monthly Account Fee | Free |
| Number of Self-Service Transfers3 | Unlimited |
| Charge for Each Debit Transaction that is not a Self-Service Transfer | $5.003 |
| Account Extra | |
|---|---|
| Easy access to funds | Easy access to funds through Scotia OnLine, mobile, and customer contact centre |
| Paperless Statement | Free |
| Paper Statement | N/A |
| CDIC Eligible4 | Yes |
| Interest Rate |
|---|
| Interest paid on every dollar you save. Current Interest Rates. |
Helpful Account Services
Great services to help you manage your money.
Online and Mobile Banking
Manage, move and monitor your money from wherever you are, whenever you want.
MomentumPLUS Savings Account tracker
Easily track your extra interest earned through Scotia OnLine and Mobile Banking.
Eligible for CDIC Insurance4
Please see CDIC Deposit Insurance information for further details.
Summary of monthly recordkeeping options & account fees
For complete details, refer to the Account Fees at a Glance page.
Free Add-Ons
Make saving easier with these convenient add-ons.
Pre-Authorized Contributions
Save automatically. It's the easiest way to save for the things that matter to you.
Tools
Pay Yourself First Tool
See how Paying Yourself First can help you meet your savings goals.
Use this toolScotiabank MomentumPLUS Savings Account
When you don’t make any withdrawals within the Premium Period your select
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 Regular Interest Rates, which are subject to change.
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 MomentumPLUS Savings Account does not have ABM or Point of Sale access or automated direct bill payment functionality.
Deposits are eligible to be insured under the CDIC Act only if they are in Canadian Currency, have a term of 5 years or less and are payable in Canada.