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.

Special offer

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

Account benefits

  • No monthly account fees
  • Save for multiple goals in one account
  • Unlimited self-service transfers4

Grow your money

  • Choose the premium period that suits your goals and track as you earn
  • Set up an automatic savings plan

Scotia perks

  • 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

Package Interest Rate boost3

Preferred Package customers earn an additional interest rate boost of 0.05%.


Ultimate Package customers earn an additional interest rate boost of 0.10%.

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.

Find out how much interest you can earn with the MomentumPLUS Savings Account

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Frequently asked questions

If you can’t find what you’re looking for, you may be able to find it in the Help Centre.

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.

Most perks

The Ultimate Package

Ideal for customers who: Want a unique banking package with premium perks.

Most popular

The Preferred Package

Ideal for customers who: Need the everyday banking features, but also want the perks.

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.

Have questions?

Meet with a Scotia advisor
Use our online tool to schedule your visit.

Give us a call
We’re ready to give you advice.