Money Master Savings Account

Build your savings while having access to your money at any time.

Open an accountMoney Master Savings Account

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

Grow your savings automatically with our smart savings tools and Bank the Rest program

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

Receive an email, text message, or a notification in your mobile app when important activity happens on your account.

Online and mobile banking

Manage, move, and monitor your money from wherever you are, whenever you want.

Account details

Account fees

For more details about our monthly record-keeping options and fees, review the summary of account fees.

Interest rate

Interest paid on every dollar you save.2 For more information, view our saving account interest rates.

Number of self-service transfers

You have unlimited no-fee transfers to other accounts using online banking, mobile banking, ABM, or over the phone. A $5 service charge applies for any additional debit transaction.1

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.