Money Master Savings Account
Build your savings while having access to your money at any time.
Is this Savings Account right for you?
Right for you if you:
- Want to earn interest on the money you save but also want convenient and easy access to your money, at any time
- Want help finding savings using our smart savings tools or Bank the Rest program, and value insights that help improve your savings habits
- Want free unlimited transfers between Scotiabank accounts via self-service
May not be right for you if you:
- Want to earn higher interest and prefer to save on your own (e.g., not rely on automated savings tools)
Top reasons to choose this account
No monthly account fees

Earn interest on every dollar you save1

Convenient and easy access to your money, whenever you need it
Unlimited no-fee transfers to your other Scotiabank accounts2
Grow your money with our smart savings tools
A little here and there can really add up. Save even more with an ongoing interest rate boost3 on your Money Master Savings Account when you enrol in the smart savings tool that’s best for you.
Pay Yourself First
Set an amount or percentage of your payroll or other recurring deposit to move from your selected Scotia chequing account to your Money Master Savings Account. Your money is moved only when it appears you can afford it.4
Savings Finder
Set how much you’d like to save per month. This tool moves your money bit by bit, up to three times per week, from your eligible Scotia chequing account to your Money Master Savings Account when it appears you can afford it.5
What you get with your account
Free InfoAlerts
Online and mobile banking
Account details
Account fees
Interest rate
Number of self-service transfers
Tools and advice

What is a savings account?
Everything you ever wanted to know about a savings account.

Investing automatically makes saving easier
Investing on a regular basis through PACs is a great way to build your savings easily and automatically.

Scotiabank Budget Calculator
A great way to plan for your financial future is to understand where you are now. Use our calculator for a better picture of your finances and to see if you have additional funds available to put towards your goals.
Get advice
Your financial plan can start with a simple conversation. Give us a call to book a meeting with one of our advisors.
Interest on the credit balance in your Target Account (defined below) will be paid in accordance with the terms of your Day-to-Day Banking Companion Booklet.
In addition to the interest payable on your Target Account, by enrolling into a Smart Savings Tools option, you will be eligible to earn the bonus interest (“Bonus Interest”) on the daily account closing balance in your eligible Money Master Savings Account (“Target Account”). Within approximately five business days after you have successfully enrolled your Target Account in one of the Smart Savings Tools options and for so long as it continues to remain enrolled, your bonus interest rate will be applied daily to the entire daily account closing balance.
Your Bonus Interest will be calculated daily and payable monthly. The bonus interest rate is an annual rate and is subject to change with or without notice. For the current bonus interest rate please go here.
This Bonus Interest cannot be combined with any other bonus interest offer applicable to your Target Account. If you accept an offer for any other or additional bonus interest offer on your Target Account, you will no longer be eligible to receive the Bonus Interest and such Bonus Interest will automatically no longer be applied to your Target Account as of the date of your acceptance of any such offer. This feature is subject to change or be cancelled at any time.