Savings Accounts Rates
A variety of ways to earn interest on your money.
Scotiabank® MomentumPLUS Savings Account
Right for you if:
- You want to save more and earn more
Scotiabank® Momentum Savings Account TM
No longer available. Information provided for existing account holders
Right for you if:
- You want to build your savings faster and for longer.
Money Master® Savings Account
Right for you if:
- You want to earn interest right away.
Scotiabank® Savings Accelerator Account
Right for you if:
- You want our highest regular interest rate
Scotiabank® Savings Accelerator Account - Tax-Free Savings Account
Right for you if:
- You want our highest regular interest rate, tax-free
Scotia U.S. Dollar Daily Interest Account
Right for you if:
- You make or receive payments in U.S. Dollars.
Scotia Euro Savings Account
Right for you if:
- You make or receive payments in Euros.
Money Master® for business
No longer available. Information provided for existing account holders
Scotia Power Savings AccountTM
No longer available. Information provided for existing account holders.
Right for you if:
- You carry a balance of $5,000 or higher.
Scotia Power Savings for business TM
No longer available. Information provided for existing account holders.
Right for you if:
- You have over $25,000 in surplus funds
Interest is calculated daily and will be paid monthly on the entire balance up to $2,000,000 when the minimum daily closing balance of $25,000 is met.
Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. All transactions in the Scotia TFSA are settled through the Savings Account. Funds may be accumulated in the Savings Account prior to purchasing an investment.
Interest on funds in Canadian currency held in the Savings Account of your Scotia TFSA is calculated on your closing balance and paid monthly. During a leap year, interest is earned on the leap day. Upon account closure, interest earned up to the day of closure is paid on the account balance.
Scotia Registered Accounts hold Scotia GICs and Mutual Funds. Each account also contains a Cash section through which all transactions are settled. Funds may be accumulated in the Cash section prior to purchasing an investment.
Interest on funds in Canadian currency held in the cash section of your account is calculated on your closing balance and paid monthly. During a leap year, interest is earned on the leap day. Upon account closure, interest earned up to the day of closure is paid on the account balance.
Rates are provided for information purposes only and are subject to change at any time.
The interest rate paid depends on the total daily closing balance. Interest rate is applied to the entire balance, calculated daily, and paid monthly.
For interest rate information on discontinued accounts, contact a Scotiabank branch.