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With a Scotiabank MomentumPLUS Savings Account, you can watch your savings grow.

Is this Savings Account right for you?

Right for you if you:

  • Want to save longer to receive higher interest
  • Will not require ABM, Point of Sale access, or automated direct bill payment functionality
  • Want free unlimited transfers between Scotiabank accounts via self-service

May not be right for you if you:

  • Want to use for everyday banking such as purchases, ABM transactions, and payroll deposits

Not the account for you? Help me choose the right savings account.


Watch your savings grow over time

With the MomentumPLUS Savings Account, you can earn a savings rate of up to 6.05%* for the first 3 months.

Regular Interest Rate1

Open an account and make an eligible deposit to earn 1.20% regular interest rate. 

Premium Period Interest Rate2

Start a premium period and earn up to 1.45% based on the premium period chosen:


1.45%  |  360 days
1.10%   |  270 days
0.85%  |  180 days
0.75%  |  90 days

Package Interest Rate boost3

Ultimate Package  customers earn an additional interest rate boost of 0.10%.


Preferred Package customers earn an additional interest rate boost of 0.05%.

Welcome Bonus Interest Rate*

Get a 3.30% welcome bonus interest rate on eligible deposits for the first 3 months, if you open your first account.

Interest rates are per annum and subject to change. Visit the Current Rates page for more information.

Top reasons to choose this account

Account benefits

  • No monthly account fees
  • Save for multiple goals in one account
  • Unlimited self-service transfers4

Grow your money

  • Choose the premium period that suits your goals and track as you earn
  • Set up an automatic savings plan

Scotia perks

  • Take a picture of your cheque and deposit into your account using Mobile Cheque Deposit
  • Earn an interest boost with our banking packages.

Included with every Scotia account

Mobile and online banking

Mobile cheque deposit

Free credit score††

Convenient shopping with VISA* Debit and Interac Flash payments

Apple Pay, Google Pay, and Samsung Pay

Frequently asked questions

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

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Have questions?

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