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The 1.30% Promotional Interest Offer (the “Offer”) applies to New Deposits (defined below) made into an eligible Scotiabank Savings Accelerator Account (“SSAA”) between December 1, 2021 and April 30, 2022 (the “Offer Period”).

Eligible SSAAs include only those held within a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA).

SSAAs held within a RRIF, LIF, Registered Locked-In RSP, RESP, RDSP or any other registered plan or non-registered plan are not eligible for this Offer.

See our terms and conditions for the full details.

Savings Accelerator Account

Grow your savings faster with 1.30% interest in your RRSP or TFSA.

Special offer

For a limited time, earn 1.30% interest on new deposits into your RRSP or TFSA

Top reasons to choose this account

Available to add on to any non-registered or registered plan

The higher your balance, the higher your interest rate

Unlimited no-fee self-service transfer to your other Scotiabank accounts1

No monthly fees

Save automatically with pre-authorized contributions

Free quarterly personal portfolio statements

How the Savings Accelerator works

Our step-by-step guide to get you saving.

Step 1

Open a non-registered or registered plan, such as a TFSA, RRSP, or RESP.

Step 2

Add the Savings Accelerator and earn a competitive interest rate.

Do more with your plan

Add an investment product to grow your money faster, such as mutual funds or GICs.

See how opening an account will make your savings grow. 

How to open an account

You’re an existing customer with a registered plan

Open a Savings Accelerator account online.

You’re an existing customer, but you don’t have a registered plan

Open a registered plan first and then add on the Savings Accelerator.

You’re a new customer to Scotiabank

Book at an appointment online with a Scotia Advisor to open your account.

Account details

Account Fees

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

Interest Rate

The higher your balance, the higher your interest rate. View current interest rates.

Withdrawal Fees 

TFSA and Non-Registered Plans

You have unlimited no-fee self-service transfers to other accounts using Scotia OnLine, mobile banking, or over the phone. A $5 service charge applies for any in-branch transaction. Standard fees apply for transfers to non-Scotiabank TFSAs. 

Registered Plans

For more information about investment plan withdrawal and transfer fees, including for RESPs, RRSPs, and other registered plans, view our Investment Companion Booklet.

No ABM access

Tools and advice 

Get started with financial planning

Planning your financial future can feel overwhelming for some, but you don’t have to do it alone. Find out what a financial plan is, why having a plan is important, and what elements go into making a plan.

Get started with investing

There’s a lot to understand if you’re investing for the first time. This how-to investment guide will take you through the basics, so you can feel confident in your investment strategy.

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.