COVID-19 Update: For the latest updates on our Small Business relief measures, including the Canada Emergency Business Account (CEBA) and The Business Development Bank of Canada (BDC) Business Credit Availability Program (BCAP), visit our Small Business COVID-19 Page.
For a limited time we’re providing a special 2% interest rate*. See conditions below.
Manage funds easily with this flexible, budget-friendly solution.
Simple. Predictable. Skip the monthly fee.
A simple way to manage your Canadian and US Dollar funds.
For a limited time we’re providing a special 2% interest rate*. See conditions below.
Operate your business and save surplus funds – all with a single account.
Grow your surplus funds with a competitive interest rate.
A safe, secure investment that you can cash out anytime.
Earn interest with the flexibility to redeem before maturity (at a reduced rate).1
Earn more interest when you lock in your funds with this secure investment
Earn up to 40,000 bonus Scotia Rewards® points in your first year (that’s up to $400 towards travel)†.
2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $49)1
Customize your business credit needs with multiple products under one global credit limit1
Access to cash for purchasing fixed assets with a competitive rate1
A valuable tool to help manage your cash flow.
Pay employees, deposit cheques, approve expenses and more
File and pay Canadian business taxes online.
Streamlines domestic payables and receivables (CAD/USD). Money is transferred between different users’ bank accounts within Canada.
Securely send funds online from your Scotiabank account in any major currency within Canada or internationally.
A convenient way to send multiple electronic payments in minutes, anywhere in Canada1.
Need to send or receive money from friends and family?
The Scotiabank Women InitiativeTM is a comprehensive program that supports women-owned, women-led businesses through 3 pillars: Access to Capital, Mentorship and Education.
* The 2.0% Interest Rate Special (the “Special”) is available on the Right Size Savings for business account (the "Account") for balances of less than $100,0000 between April 16, 2020 and June 15, 2020. No additional action is required to activate this special interest rate. A minimum balance of $10,000 is required to earn interest in the Account. The Special rate will only apply to the positive deposit balances between the $1 and $99,999 balance tier of the Account. The Special rate of 2.0% is an annualized rate, calculated on the daily closing account balance and is paid monthly. All balances over $100,000 in the Account will earn interest at the applicable Progressive Tier interest rate payable on the Account. Progressive Tier implies that the portion of the balance within each tier will earn the corresponding interest rate for that tier. The interest paid at the end of each month will be the sum total of the interest earned at each tier. No interest is paid on balances exceeding $2 million. The Account is available in Canadian Dollars only. This Special rate and the interest rate on the other tiers of the Account may be changed, extended or withdrawn at any time without notice. For complete product terms and conditions (including interest rates paid for Progressive Tiers) please visit Scotiabank.com and refer Your Guide to Fees & Interest Schedules.
Scotiabank is a member of Canada Deposit Insurance Corporation (CDIC)