Ultimate Rewards! 

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Is this Account right for you? 

Right for you if you:

  • Need a savings account to save U.S. dollars 
  • Can benefit from up to 2 debit transactions per month included in this account

May not be right for you if you:

  • Do not need to save U.S. dollars
  • Need an account for everyday banking services in currency other than U.S. dollars

Basic Plus Bank Account
apply-basic-plus-modal

Special Offer

Earn a $300 welcome bonus with a new Preferred Package or Ultimate Package1.

Plus, pay no monthly account fees for up to a year by setting recurring payments to a new or renewed Scotiabank eligible mortgage2.

Get OfferUltimate Package Offer

Featured products

Most perks

Ultimate Package

$0* or $30.95/monthly fee

 

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

Earn a $350 welcome bonus with a new bank account.2

 

*No monthly account fee by maintaining a minimum daily closing balance of $5,000 in your Ultimate Package, or a combined balance of $30,000 across your Ultimate Package and your MomentumPLUS Savings Account.1

Most popular

Preferred Package

$0* or $16.95/monthly fee 

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

Earn a $350 welcome bonus with a new bank account.2

* No monthly account fee by maintaining a minimum daily closing balance of $4,000 for the entire month.

Find the right account for you 

The bank for everyone

Tailored chequing accounts that fit you and your needs. 

New to Canada


Bank with no monthly account fees in the first year21 with the StartRightTM Program.

Seniors


If you’re 60 or older, you’ll save up to $4 on the monthly account fee.

Students


Worry-free banking for student life.

Youth


Start building healthy financial habits early.

The benefits our Scotiabank customers love 

Get rewarded with Scene+ 

From travel and entertainment to shopping and dining, earn Scene+ points on every day purchases using your debit card or eligible credit cards10. Earn more with Scene+.

Personalized advice 

Our Scotia advisors are here to help you plan your financial future. With a simple conversation, we’ll get you on track to reach your financial goals, big and small. 

Bank your way

Get 24/7 support and customer service, go digital with our fast, secure online and mobile banking, or visit our 4,000+ branches and ABMs across Canada. Bank the way that works for you.

Award-winning banking

Bank with variety of perks. The Ultimate Package has been voted 2022 Best Premium Chequing Account for Bundling by MoneySense.

What you can access with every Scotia account

With the MomentumPLUS Savings Account, you can earn a savings rate of up to 4.25%* for 5 months with:

Regular Interest Rate1 + Premium Period Interest Rate2 + Ultimate or Preferred Interest Rate Boost3 + Welcome Bonus Interest Rate*

Regular Interest1

1.35%

Premium Period Interest2

 

1.10%   |  360 days

1.00%   |  270 days

0.90%   |  180 days

0.85%  |  90 days

Ultimate & Preferred Package Boost


Get the Ultimate Package and earn an additional 0.10% or the Preferred Package to earn an additional 0.05%3

Welcome Bonus Interest 1.70%*

on eligible deposits for 5 months from the date the Account was opened

 

For Preferred Package* and Ultimate Package** Customers (Interest is shown compounded and paid annually).

Term Preferred Package Customer  Ultimate Package Customer 
3 years 4.3500% 4.4500%
Term Customers without Preferred/Ultimate Package
3 year 1.80%

Find more information about the Preferred Package.
** Find more information about the Ultimate Package.

For Preferred Package* and Ultimate Package** Customers (Interest is shown compounded and paid annually).

Term Customers without Preferred/Ultimate Package
2 year 1.55%
3 year 1.80%

Find more information about the Preferred Package.
** Find more information about the Ultimate Package.

(Non-Registered:Annual, Semi-Annual Minimum $500 / Monthly Minimum $5,000, RRSPs/RRIFs: Minimum $500)

(Non-Registered: Minimum $5,000, 30 days, RRSPs/RRIFs: Minimum $500, 90 days)

(All plans: Minimum $500, Interest paid at maturity)

(RRSP: Minimum $500, Non-Registered: Minimum $500) Current Annual Interest Rate Paid at Maturity

Scotiabank Equity Powered GICs4  

(No longer for sale – April 9th, 2019)

Scotiabank Index Powered GICs5

(No longer for sale – April 9th, 2019)

(Minimum Investment Amount: $5000)

Pour les titulaires d'un forfait Essentiel* ou d'un forfait Ultime** (Les intérêts sont composés et versés annuellement).

Durée
Client sans forfait Essentiel/ Ultime
2 ans 1,55 %
3 ans 1,80 %

* Pour de plus amples renseignements sur le forfait Essentiel, cliquez ici.
** Pour de plus amples renseignements sur le forfait Ultime, cliquez ici.

(CPG non enregistrés, intérêts annuels et semestriels : minimum 500 $; intérêts mensuels : minimum 5 000 $ / RER et FERR : minimum : 500 $)

Easy switch to Scotia

We’ve made switching banks easy. 

Ultimate Package offers homeowners more value

Preferred rates on fixed and variable rate, closed mortgages for new purchases, switches, refinances, and renewals on a Scotia Total Equity® Plan (STEP) available through an advisor.

Advice+ features

Get the right advice to help you make the most of your money

What is the difference between a chequing and savings account

Looking to open a new bank account but not sure if you should opt for a savings or chequing account?

How to open a bank account online

Opening a bank account online has never been easier -- even if you're a first-time customer.

How to budget after a pandemic year

Ready to start spending as you are leaving your home more?

Let’s find your chequing account together

Visit your nearest branch and talk with one of our financial advisors.

Here are some answers to our most popular questions


 

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

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with an optional subtitle
 

Découvrez combien vous pouvez épargner avec le compte MomentumPLUS

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with an optional subtitle

Top reasons to choose this account

The higher your balance, the higher your interest rate1
No monthly account fee with a $200 U.S. minimum balance
Competitive foreign exchange rates
Two free teller-assisted transactions per month
111

legal +A DDED AND LOCKED

Featured products

Most perks

Ultimate Package

$0* or $30.95/monthly fee

 

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

Earn a $350 welcome bonus with a new bank account.2

 

*No monthly account fee by maintaining a minimum daily closing balance of $5,000 in your Ultimate Package, or a combined balance of $30,000 across your Ultimate Package and your MomentumPLUS Savings Account.1

Most popular

Preferred Package

$0* or $16.95/monthly fee 

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

Earn a $350 welcome bonus with a new bank account.2

* No monthly account fee by maintaining a minimum daily closing balance of $4,000 for the entire month.

Most perks

Ultimate Package

$0* or $30.95/monthly fee

 

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

Earn a $350 welcome bonus with a new bank account.2

 

*No monthly account fee by maintaining a minimum daily closing balance of $5,000 in your Ultimate Package, or a combined balance of $30,000 across your Ultimate Package and your MomentumPLUS Savings Account.1

Most popular

Preferred Package

$0* or $16.95/monthly fee 

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

Earn a $350 welcome bonus with a new bank account.2

* No monthly account fee by maintaining a minimum daily closing balance of $4,000 for the entire month.

Account benefits

Grow your money

Find the right account for you 

Tools and calculators

Our interactive tools can help with RRSP decision-making, retirement income planning, budgeting, and choosing appropriate investments and more.

calculator

Retirement Savings Calculator

Find out how well your current savings and future contributions can provide for your retirement and learn how to address potential shortfalls.

no tax

TFSA Calculator


Compare future taxable investments versus investments in a TFSA, to see potential tax saving

money management

Money Finder


See where your money goes to help control your spending.

The bank for everyone

New to Canada


Bank with no monthly account fees in the first year21 with the StartRightTM Program.

Seniors


If you’re 60 or older, you’ll save up to $4 on the monthly account fee.

Students


Worry-free banking for student life.

Youth


Start building healthy financial habits early.

All your family’s banking needs, in one package

The Ultimate Package for Families. Manage all your finances with one banking solution, made to fit your family. 

Ultimate Package offers homeowners more value

Preferred rates on fixed and variable rate, closed mortgages for new purchases, switches, refinances and renewals on a Scotia Total Equity® Plan (STEP) available through an advisor.

Special Offer for new Scotiabank eligible mortgage

Earn a $300 welcome bonus with a new Preferred Package or Ultimate Package. Plus, pay no monthly account fees for up to a year by setting recurring payments to a new Scotiabank eligible mortgage

A word of advice

Don’t settle for one-size-fits-all, cookie cutter, "trust us we know it all" advice. Get advice that’s tailored to you with ScotiaAdvice+.

Let's get started!

Apply online or in person

Online

100% safe and secure.

In person

Talk to a Scotiabank advisor.

Special Offer

Savings Accelerator Account

Earn 1.30% interest rate on your money as it grows in your RRSP or TFSA

Top benefits

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

  • No monthly fees

  • The higher your balance, the higher your interest rate

Tax-Free Savings Accounts (TFSA)

A TFSA is a great way to save for both short and long-term goals, with the flexibility to withdraw your money at any time without penalty.1

Registered Retirement Savings Plans (RRSP)

An RRSP is a powerful tool to help grow your retirement savings and lower the income tax you pay.

The benefits our Scotiabank customers love 

Get rewarded with Scene+ 

From travel and entertainment to shopping and dining, earn Scene+ points on every day purchases using your debit card or eligible credit cards. Earn more with Scene+

Personalized advice 

Our Scotia advisors are here to help you plan your financial future. With a simple conversation, we’ll get you on track to reach your financial goals, big and small. 

Bank your way

Get 24/7 support and customer service, go digital with our fast, secure online and mobile banking, or visit our 4,000+ branches and ABMs across Canada. Bank the way that works for you.

Award-winning banking

Bank with a variety of perks, the Ultimate Package is voted 2022 best premium chequing account for bundling by MoneySense.

What you can access with every Scotia account

  • Mobile and online banking

  • Free credit score††

  • Shop with convenient Visa Debit and Interac Debit payment options

  • Apple Pay, Google Pay and Samsung Pay

Advice+ features

Get the right advice to help you make the most of your money

What is the difference between a chequing and savings account

Looking to open a new bank account but not sure if you should opt for a savings or chequing account?

How to open a bank account online

Opening a bank account online has never been easier -- even if you're a first-time customer.

Tips to protect yourself against e-commerce scams

Here's a list of common e-commerce scams that you should be aware of, and what to do to protect yourself from becoming a victim.

Here are some answers to our most popular questions

Want to apply for the Ultimate Package and earn your $300 welcome bonus? 

Yes, get me started!

100% safe and secure.

No, compare more accounts

We'll  help you choose