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 0.60%* 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.
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!
What you get with your account
No monthly account fees or minimum balance required
Unlimited self-service transfers4
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.
Number of Self-Service Transfers4
Unlimited. Charge for each debit transaction that is not a Self-Service Transfer is $5.004
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:
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 0.45%. 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.