Sign InScotiabank MomentumPLUS Savings Account
Act now and enjoy our longest bonus interest earn period.
Earn bonus interest1 on new money2 deposited to your MomentumPLUS Savings Account until March 10, 2019.
No Monthly Fees
Regular3 + Premium Interest4
+ Bonus Interest1
No Minimum Balance
Get the promotional rate of up to 3.20% with:
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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 |
| No. of Self-Service Transfers5 | Unlimited |
| Charge for Each Debit Transaction that is not a Self-Service Transfer | $5.005 |
| 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 Eligible6 | Yes |
| Interest Rate |
|---|
| Interest paid on every dollar you save. Current Interest Rates. |
Helpful Additional information
Great services to help you manage your money.
Online & 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 Insurance6
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
New money will earn bonus interest until March 10, 2019 if you have enrolled by 11:59pm EST on that date. Bonus interest earned prior to and during the month of enrollment will be paid within 7 days after the end of that latter month. Bonus interest earned in subsequent months will be paid within 7 days after each such month. Where an enrollment takes place on the last day of a month, Bonus Interest will be paid within 7 days after the end of the month following. A ScotiaCard® is required for enrollment.
“new money” is money transferred from a non-Scotiabank account. Click here for full Terms & Conditions.
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.