Earn up to 3.00%* interest. Enroll for Bonus Interest and make an eligible deposit by November 30, 2019.
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
Find out how much you can save with the MomentumPLUS Savings Account
Earn Regular Interest1 plus Premium Period† Interest2.
Visit the Current Rates Page for more information.
For a limited time, earn up to 3.00%* 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.
Bonus Interest: Earn until January 31, 2020 on eligible deposits made by November 30, 2019. Calculated daily, paid monthly.
Interest rates are per annum and subject to change.
A bank account that does more, means you will too.
Give your savings even more of a boost – an additional 0.10% Interest Rate Boost!5 For a limited time, that’s a total of up to 3.10%6 with our Ultimate Package.
What you get with your account
No monthly account fees or minimum balance required
Unlimited self-service transfers
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 Transfers3
Charge for each debit transaction that is not a Self-Service Transfer is $5.003
Here are some answers to our most popular questions:
Includes Regular Interest Rate of 1.00%, 360-Day Premium Period Interest Rate of 1.00% and a limited time Bonus Interest Rate of 1.00% on eligible deposits. Actual interest rate will vary based on the Premium Period that applies. Bonus Interest Offer ends November 30, 2019 and is subject to change. Interest rates are per annum and subject to change. Interest is calculated daily. Click here for full offer Terms & Conditions
When you don’t make any withdrawals within the Premium Period you 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.
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.
Includes Regular Interest Rate, Premium Period Interest Rate, a limited time Bonus Interest Rate Offer on eligible deposits, and applicable Interest Rate Boosts for Ultimate Package or Preferred Package account holders. Actual interest rate will vary based on the Premium Period that applies.. Bonus Interest Offer ends Nov 30, 2019 and is subject to change. Interest rate is an annual rate and subject to change. Interest is calculated daily.