Money Master Savings Account

Build your savings while having access to your money at any time.

Open an accountMoney Master Savings Account

Is this Savings Account right for you?

Right for you if you:

  • Want to earn interest on the money you save but also want convenient and easy access to your money, whenever you need it
  • Want to save each time you use your debit card with Bank The Rest® savings program
  • Want free unlimited transfers between Scotiabank accounts via self-service

May not be right for you if you:

  • Want to earn higher interest the longer you save

Top reasons to choose this account

Earn interest on every dollar you save2

Saving made easy with Bank the Rest or automatic contributions

Convenient and easy access to your money, whenever you need it

Unlimited no-fee transfers to your other Scotiabank accounts1

No monthly account fees

Grow your savings with your debit card

With the Bank the Rest saving program, you’ll save each time you use your debit card on everyday purchases. Here’s how it works:

Select

When you enroll in Bank the Rest, you select whether you want your everyday debit purchases to be rounded up to the next multiple of $1 or $5.

Spend

Use your Scotia debit card for all your everyday purchases and it’ll be rounded up to the amount you choose when you enrolled. 

Save

Automatically pocket the difference between your total purchase amount and the round up amount you choose in your Money Master account.  

Bank the rest

Start growing your savings every time you use your debit card.

How to get started

What you get with your account

Free InfoAlerts

Receive an email, text message, or a notification in your mobile app when important activity happens on your account.

Online and mobile banking

Manage, move, and monitor your money from wherever you are, whenever you want.

Account details

Account fees

For more details about our monthly record-keeping options and fees, review the summary of account fees.

Interest rate

Interest paid on every dollar you save.2 For more information, view our saving account interest rates.

Number of self-service transfers

You have unlimited no-fee transfers to other accounts using online banking, mobile banking, ABM, or over the phone. A $5 service charge applies for any additional debit transaction.1
CDIC Badge

Eligible for CDIC Insurance

Tools and advice

What is a savings account?

Everything you ever wanted to know about a savings account.

Investing automatically makes saving easier

Investing on a regular basis through PACs is a great way to build your savings easily and automatically.

Scotiabank Budget Calculator

A great way to plan for your financial future is to understand where you are now. Use our calculator for a better picture of your finances and to see if you have additional funds available to put towards your goals.

Get advice

Your financial plan can start with a simple conversation. Give us a call to book a meeting with one of our advisors.

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