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What is an RRSP?
Your guide to the Registered Retirement Savings Program and how it can help you save for retirement.
Invest for what matters tomorrow. Enjoy what matters today.
We begin with your goals in mind. Then we build a detailed investment plan to get you there.
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The RRSP deadline is March 1
Don’t miss your chance to contribute to your RRSP or open an RRSP.
What are you saving for?
Each financial plan focuses on your current needs and future goals.
Popular investment products to help you reach your goals
Start building your financial plan by choosing from our most popular savings and investment products.
Savings Accelerator Account
Enjoy 1.50% interest in your TFSA or RRSP savings for a limited time.‡
The Scotia Aria® Retirement Program
The only retirement program of its kind in Canada, with a customized investment approach designed for your stage in life. A $500 investment is all it takes to get started.
MomentumPLUS Savings Account
A high interest savings account that rewards you the longer you save. All with no minimum balance or monthly account fee.
Guaranteed Investment Certificates (GICs)
A worry-free investment product that keeps your principal investment safe and has a guaranteed rate of return.
Wishing you good fortune this Lunar New Year
Celebrate with our limited-time offer GIC rate.
Start direct investing with Scotia iTRADE®
Get up to $1,500 and $6.99 pricing or up to 500 free equity trades when you open a new account2.
Introducing Advice+ from Scotiabank
Investing for the future is important, but so is enjoying your life today. Get financial advice from Scotiabank that’s easy to understand, informative, and tailored to you. Together, we’ll build a plan that fits your life today and tomorrow.
What is a TFSA?
Your guide to a Tax Free Savings Account and how they can help you save for your goals.
What you need to know about mutual funds
What is a mutual fund? Our guide explains this investment option, the benefits, risks and more.
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A Scotiabank advisor is someone you can talk to about your today and trust with your tomorrow.
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Connect with us in a way that’s convenient for you. Scotia advisors are available in every branch to help you understand, plan, and execute the right financial plan.
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Investing FAQs
®
Registered trademarks of The Bank of Nova Scotia, used under licence. Scotiabank includes The Bank of Nova Scotia and its subsidiaries and affiliates, including Scotia Securities Inc.
‡
The 1.50% Promotional Interest Offer (the “Offer”) applies to New Deposits (defined below) made into an eligible Scotiabank Savings Accelerator Account (“SSAA”) between December 1, 2020 and March 31, 2021(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.
During the Offer Period, promotional interest of 1.50% will be earned only on that portion of the SSAA Daily Balance that is greater than the SSAA Daily Balance as of November 30, 2020 (“New Deposits”). The “SSAA Daily Balance” means, with respect to any particular day, the closing balance in the eligible SSAA.
Promotional interest earned will be calculated at a promotional interest rate of 1.40% or 1.45% (the “Promotional Interest Rate”) plus the regular interest rate that applies to the eligible SSAA for a total effective interest rate of 1.50% during the Offer Period and only for New Deposits, as follows:
· If the SSAA Daily Balance is $250,000 or more: regular interest rate is 0.10% plus a Promotional Interest Rate of 1.40% for a total interest rate of 1.50%;
· If the SSAA Daily Balance is less than $250,000: regular interest rate is 0.05% plus a Promotional Interest Rate of 1.45% for a total interest rate of 1.50%.
The above regular interest rates are effective as at December 1, 2020 and are subject to change at any time without prior notice, resulting in a corresponding change to the Promotional Interest Rate so that the interest earned during the Offer Period on New Deposits will remain at 1.50%. Please click here for current regular interest rates.
The Promotional Interest Rate will cease to apply as of April 1, 2021. All promotional and regular interest earned during the Offer Period will be calculated daily and paid monthly. All interest rates described herein are annual rates.
SSAAs must be open and in good standing in order to receive any interest calculated at the Promotional Interest Rate. For purposes of this Offer, a SSAA is not in 'good standing' if it has a negative balance or the account holder is in breach of the account agreement with Scotiabank.
It is the SSSA account holder’s responsibility to determine his or her maximum allowable annual contributions in SSAAs held in registered plans.
All other terms and conditions of the SSAA continue to apply, refer to www.scotiabank.com/accelerate for details.
This Offer, including the Promotional Interest Rate, may be changed, cancelled or extended at any time, in whole or in part, without notice.
*
The amount you withdraw can be put back into your TFSA starting the following year without impacting your contribution room. Specific product restrictions may also apply. Annual contribution limits: $5,000 for 2009-2012; $5,500 for 2013-2014; $10,000 for 2015; $5,500 for 2016-2018; $6,000 for 2019. First time contributors who were at least the age of majority in their province/territory of residence on January 2, 2009 can contribute a maximum of $63,500 in 2019. For complete information on your contribution room, please visit the Canada Revenue Agency website.
1
The Scotiabank Savings Accelerator Account may be opened within the following registered investment accounts - TFSA, RRSP, RESP, RRIF and RDSP.
2
Conditions apply. Offer valid for new Scotia iTRADE® accounts, excluding Cash Optimizer Investment accounts. If you (i) open and enroll in this offer one or more new Scotia iTRADE account(s) (each, a “New Account”) by March 1st, 2021 and fund the New Account(s) by March 31st, 2021 with at least CAD $5,000 / $10,000 / $25,000 / $50,000 / $100,000 / $250,000 / $500,000 / $1,000,000 in cash or in Net Equity (cheque deposit, electronic funds transfer or transfer of assets) (“Minimum Amount”) from an account that is not held at Scotia iTRADE and (ii) then maintain the Minimum Amount in assets that you deposited in your New Account(s) during the entire period between March 31st, 2021 and June 30th, 2021 (the “Required Period”) then either (1) CAD $25 / $50 / $100 / $200 / $400 / $750 / $1,000 / $1,500 (respectively, based on minimum amount funded) will be deposited directly into your New applicable account(s) by July 31st, 2021 and (2) you will receive $6.99 commission pricing on equity trades until June 30th, 2021 OR part of the commissions associated with the first 10 / 20 / 50 / 100 / 200 / 300 / 400 / 500 (respectively, based on minimum amount funded) online commissionable trades of Equities, Options and ETFs placed within 90 days of the date when you funded your New Account(s) with the appropriate Minimum Amount will be credited back to your New applicable account(s) by July 31st, 2021 to a maximum amount of $9.99 per trade in the currency of the account. If you chose the cash offer and $6.99 commission pricing, you will be automatically enrolled to qualify for commissions of $6.99 flat per Canadian or U.S. equities/ ETF trade and $6.99 + $1.25/contract for each options trade in your New Account(s) until June 30th, 2021. New qualification status will be effective weekly on the earlier of every Monday starting on November 23rd, 2020 to March 2nd, 2021 after you satisfy all the eligibility requirements for this offer. If you qualify for the commission of $4.99 per trade, your entitlement will not be affected by this offer. The amount of the transfer-in fee charged by another Canadian broker will be credited to your New Account by July 31st, 2021 (up to $150 per client), subject to Scotia iTRADE’s receipt of the documentation evidencing such transfer-in fee. Scotia iTRADE reserves the right to charge you all or part of (a) the commissions associated with the first 10 / 20 / 50 / 100 / 200 / 300 / 400 / 500 online trades placed within 90 days of the funding date (when such commissions were previously credited back to you New Account(s) and (b) reduction in the rate of commission per trade, if the conditions of the offer, including but not limited to, the requirement to maintain the appropriate Minimum Amount in your New Account(s) account during the Required Period, are not complied with. Scotia iTRADE reserves the right to modify and/or cancel this offer at any time without notice in its sole discretion. New clients opening a new account must enter the promotional code C21 for the cash and $6.99 equity commission pricing offer or FT21 for the free equity trades offer when submitting the New Account application to enroll. Any request to enroll received after March 1st, 2021 will not qualify for this promotion. To qualify for this offer, you must maintain all of your accounts at Scotia iTRADE in good standing, not be in a disallowed debit position and not have any outstanding margin calls due. This offer has no cash redemption value. This offer cannot be transferred or combined with any other promotional offer (excluding Refer-a-Friend). Limited to one offer per client. In case of joint account only one account holder will be entitled to receive cash back, $6.99 commission pricing or free equity trades.