Grow your savings while you do life

Open and fund a MomentumPLUS Savings Account and earn our best rate yet.

Special offer

Earn a savings rate of up to 5.00%* for 5 months.

Is this Savings Account right for you?

Right for you if you:

  • Want to save longer to receive higher interest.
  • Will not require ABM, Point of Sale access or automated direct bill payment functionality 
  • Want free unlimited transfers between Scotiabank accounts via self-service

May not be right for you if you:

  • Want to use for everyday banking such as purchases, ABM transactions and payroll deposits.

Top reasons to choose this account

The longer you save, the higher your interest rate

Save for multiple goals in one account

No monthly account fees or minimum balance required

Choose the timeline and track as you earn

Enjoy a great everyday interest rate


With the MomentumPLUS Savings Account, you can earn a savings rate of up to 5.00%* for 5 months with:
Regular Interest1 (1.50%) + Premium Period Interest2 (0.85% - 1.15%) + Package Interest Rate Boost3 (0.05% or 0.10%)+ Welcome Bonus Interest Rate* (2.25%)

Regular Interest1


Premium Period Interest2


1.15%   |  360 days

1.00%   |  270 days

0.90%   |  180 days

0.85%  |  90 days

Get the Package Interest Rate Boost(0.05% or 0.10%)

Welcome Bonus Interest 2.25%*

on eligible deposits for 5 months from the date the Account was opened

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.

Package Interest Rate Boost: Account holders receive an additional 0.10%³ for Ultimate Package or 0.05%³ for Preferred Package annually added to any MomentumPLUS  Savings Account held by the account holders. Calculated daily, paid monthly.

Welcome Bonus Interest: Earn on eligible deposits made for 5 months from the date the MomentumPLUS Savings Account was opened. 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

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with an optional subtitle

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 5.00%* with our Ultimate Package.

What you get with your account

Account Features

No monthly account fees or minimum balance required


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

Interest Rate

The longer you save, the higher your interest rate.

Current Interest Rates

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.

Here are some answers to our most popular questions:

Let's get started

Find out how you can reach all of your savings goals.


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