The MomentumPLUS Savings Account
All your savings goals. One savings account.
Scotiabank MomentumPLUS Savings Account
Start saving now
Top reasons to choose this account
Save for multiple goals in one account
Choose the timeline and track as you earn
The longer you save, the higher your interest rate
Enjoy a great everyday interest rate
With the MomentumPLUS Savings Account, you can earn up to 0.75%* interest with:

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.
Interest rates are per annum and subject to change. Visit the Current Rates Page for more information.
Find out how much interest you can earn with the MomentumPLUS Savings Account
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 0.75%* 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.
Scotiabank MomentumPLUS Savings Account
Find out how you can reach all of your savings goals. Let's get started.
Here are some answers to our most popular questions:
Includes Regular Interest Rate of 0.05% plus an Interest Rate Boost of 0.10% for Ultimate Package account holders and 360-Day Premium Period Interest Rate of 0.60%. Regular Interest 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. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Interest rates are per annum and subject to change. Visit scotiabank.com/rates for 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.
Ultimate Package account holders receive an additional 0.10% annually added to the annual Regular Interest Rate of any MomentumPLUS Savings Account (the “0.10% Interest Rate Boost”) held by the Ultimate Package account holders. It will take 10 business days after opening an Ultimate Package account for the 0.10% Interest Rate Boost to apply to MomentumPLUS Savings Account(s). The 0.10% Interest Rate Boost will cease to apply effective the Ultimate Package closing date. The Regular Interest Rate plus the 0.10% Interest Rate Boost is calculated daily on the MomentumPLUS Savings Account(s) closing balance and paid monthly. Refer to the Current Rates Page on Scotiabank.com for current interest rates, which are subject to change at any time without advance notice.