Sign InScotia U.S. Dollar Interest Account
A smarter way to save your U.S. dollars
Monthly fee
$1.00 US/mo
Seniors fee (age 60+)
FREE
3 easy steps
100% safe & secure
Open an account
Top reasons to choose this account
The more you save, the higher interest rate you’ll earn
No monthly fee with a $200 U.S. minimum balance
Commission-free USD drafts
Competitive foreign exchange rates
Easy online transfers between your Canadian and U.S. dollar accounts
Account Details
Monthly Record-keeping Options and Fees, for complete details review Summary of Account Fees.
Core Account Features & Fees
| Monthly Fee | $1.00 US/mo $0.00 after Seniors Discount |
| Number of debit transactions | 2 |
| Charge for additional debit transactions | $1.25 US/transaction |
| Minimum daily balance to waive fee | $200 US minimum |
Account Extras
| Tiered Interest | Tiered interest calculated on daily closing balance |
| Commission-free | Commission-free USD drafts |
| Discounts | Discounted Seniors banking (age 60 and over) |
Record-Keeping
Charges may apply for additional record-keeping services
| Paperless | Free |
| Paper statement | Free |
| Paper statement with cheque image return | U.S. $2.50/month |
| Interest Rate |
|
| Current interest rates |
Helpful Account Services
Great services to help you manage your money
Free Scotia® InfoAlerts
Receive an email, text message, or in app push notification when important account activity happens.
Online & Mobile Banking
Manage, move and monitor your money from wherever you are, whenever you want.
Direct Deposit
Have your paycheque, pension and more automatically deposited into your account and access your money right away.
Tools
Additional Information
Includes two transactions (cheques, pre-authorized payments, cash withdrawals, and account transfers).
Additional transactions are $1.25 U.S. each.
Deposits to this account do not constitute as deposits that are insured under the Canada Deposit Insurance Corporation (CDIC) Act
Day to Day Banking Companion Booklet
1227114 (08/18) | pdf : 522 KB
You'll need Adobe Acrobat Reader to download PDF brochures.
Scotia U.S. Dollar Daily Interest Account
The interest rate varies based on the balance in your account. Interest is paid on the portion of the daily closing balance within the specific tier. It is calculated daily and paid monthly.