Rates

We bring you competitive interest rates every day, and from time to time we also offer special promotional rates on a variety of products.

See the latest rates for all our products

Scotiabank Prime

Scotiabank Prime Lending Rate  7.200%

Effective July 13, 2023

Reference rates

Rate%Effective date
Bank of Canada Overnight Target Rate5.000%July 13, 2023
CAD Scotiabank Reference Rate*5.250%July 13, 2023
US Federal Funds Target Rate**5.500%July 27, 2023
USD Scotiabank Reference Rate* 5.550%July 27, 2023

Foreign currency accounts

Rate%Effective date
Interest Rate for EUR Accounts1 (0%)October 1, 2022

Rates for Scotiabank Small Business banking solutions

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Business Interest-Bearing Accounts

These accounts allow you to perform your daily operations as well as providing a competitive interest rate on your balances in Canadian and U.S. dollars.

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Credit cards

Our cards offer a variety of benefits, rewards, and interest rates.

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Loans and mortgages

Whether you're looking to buy a home or make a larger purchase, our borrowing options have you covered.

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Savings accounts

Earn interest with any of our savings accounts, including U.S. and Euro accounts.

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GICs

Consider our GIC products when you're looking for a rate of return that is guaranteed for the investment term.

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Registered plans

We have registered plans to suit many different life stage needs - from RSPs, RESPs, and RDSPs.

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Mutual funds

Choose from 58 different mutual funds, including balanced, equity, index, cash equivalent and more.

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Foreign exchange

Need to buy, sell, or transfer foreign currency? We’re here to assist you. 

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Try our Fees & Rates FAQs

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