Building your emergency fund

Life is often filled with surprises. When it comes to unforeseen events like job loss, illness, or major home repairs, it’s important to be financially prepared.

Everyone experiences a cash crunch 

Some call it emergency funds, while others call it savings. Whatever the label, setting aside enough to fund your personal expenses is a good idea to help survive those rainy days.

Small savings can add up

See where you can cut costs and put away a few extra dollars toward your growing emergency fund. A good goal is to have an emergency fund that covers at least three to six months of total living expenses.

Open a high-interest savings account

High-interest savings accounts, such as the MomentumPLUS Savings Account or the Savings Accelerator Account, help you earn interest on your emergency funds and give you anytime access to the money when you need it.

Registered plan for your emergency savings

Start planning today with the help of a Scotia advisor.

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

Products for your emergency savings

Having access to a ready reserve of cash will prevent you from taking on additional debt.

Savings Accelerator Account

Earn a competitive interest rate on your money as it grows, with no monthly account fee. 


Available in registered§ and non-registered plans.

MomentumPLUS Savings Account

A high interest savings account that rewards you the longer you save.

All with no minimum balance or monthly account fee.

Are you saving for something else?

We can help you achieve your financial goals.

Get smarter with your money. Get Advice+

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. We’ll help you build a plan that fits your life.

Talk to a Scotia advisor today

A Scotiabank advisor is someone you can talk to about your today and trust with your tomorrow.

Build a plan for your future with Scotiabank

Get personalized advice from our team of advisors and investment specialists across Canada. 

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.

Monitor your investments digitally with online and mobile banking. Our digital banking guides show you how to take care of your banking using your mobile phone, tablet, or computer.

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