Grow your savings while you do life
Take the stress out of saving with the MomentumPLUS Savings Account and reward yourself with a great interest rate.
Earn a savings rate of up to 5.40%* for the first 3 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
Not the account for you? Help me choose the right savings account.
Top reasons to choose this account
- Transfer funds, view transaction history, and more using the Scotia mobile app or online banking
- Take a picture of your cheque and deposit into your account using Mobile Cheque Deposit
- Earn an interest boost with our banking packages.
Watch your savings grow over time
With the MomentumPLUS Savings Account, you can earn a savings rate of up to 5.40%* for the first 3 months.
Regular Interest Rate1
Open an account and make an eligible deposit to earn 1.40% regular interest rate.
Premium Period Interest Rate2
Start a premium period and earn additional interest based on the premium period chosen.
Rate varies depending on the period selected:
0.85% | 90 days
0.90% | 180 days
1.00% | 270 days
1.25% | 360 days
Welcome Bonus Interest Rate*
Get a 3.10% welcome bonus interest rate on eligible deposits for the first 3 months, if you open your first account.
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
Plus earn a higher rate when you bundle the MomentumPLUS Savings account with one of our chequing accounts.
Get smarter with your money. Get Advice+
Scotia Advice+ is here to give you advice that’s easy to understand, informative, and tailored to you. We’ll help you build a plan with a chequing account for everyday needs and a savings account for future financial needs.
Start reaching your savings goals today
Meet with a Scotia advisor
Use our online tool to schedule your visit.
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We’re ready to give you advice.
Includes Regular Interest Rate of 1.40% plus a Package Interest Rate Boost of 0.05% for Preferred Package holders, 90-Day Premium Period Interest Rate of 0.85% and a Welcome Bonus Interest Rate of 3.10% for 3 months. Regular Interest plus a Package Interest Rate Boost of 0.05% for Preferred Package holders (or 0.10% for Ultimate Package holders) 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 provided you don’t make any withdrawals within the Premium Period you select. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Welcome Bonus Interest is calculated daily and paid monthly for 90 days (3 months) on your first MomentumPLUS Savings Account opened. Interest rates are per annum and subject to change. Visit the Current Rates Page for more information and 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.