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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.
Is this Savings Account right for you?
Right for you if you:
- Want free unlimited transfers between Scotiabank accounts via self-service
- Want to set up pre-authorized contributions easily
May not be right for you if you:
- Want to use for everyday banking such as purchases, ABM transactions and payroll deposits
Top reasons to choose this account
Available to add on to any non-registered or registered plan
Unlimited no-fee self-service transfer to your other Scotiabank accounts1
No monthly fees
Save automatically with pre-authorized contributions
Free quarterly personal portfolio statements
How the Savings Accelerator works
Our step-by-step guide to get you saving.
Step 1
Open a non-registered or registered plan, such as a TFSA, RRSP, or RESP.
Step 2
Add the Savings Accelerator and earn a competitive interest rate.
Do more with your plan
Add an investment product to grow your money faster, such as mutual funds or GICs.
See how opening an account will make your savings grow.
How to open an account
You’re an existing customer with a registered plan
Open a Savings Accelerator account online.
You’re an existing customer, but you don’t have a registered plan
Open a registered plan first and then add on the Savings Accelerator.
You’re a new customer to Scotiabank
Book at an appointment online with a Scotia Advisor to open your account.
Account details
Account Fees
For more details about our monthly record-keeping options and fees, review the summary of account fees.
Interest Rate
Withdrawal Fees
TFSA and Non-Registered Plans
You have unlimited no-fee self-service transfers to other accounts using Scotia OnLine, mobile banking, or over the phone. A $5 service charge applies for any in-branch transaction. Standard fees apply for transfers to non-Scotiabank TFSAs.
Registered Plans
For more information about investment plan withdrawal and transfer fees, including for RESPs, RRSPs, and other registered plans, view our Investment Companion Booklet.
No ABM access
Tools and advice
Get started with financial planning
Planning your financial future can feel overwhelming for some, but you don’t have to do it alone. Find out what a financial plan is, why having a plan is important, and what elements go into making a plan.
Get started with investing
There’s a lot to understand if you’re investing for the first time. This how-to investment guide will take you through the basics, so you can feel confident in your investment strategy.
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.
The Scotiabank Savings Accelerator Account may be opened within the following registered investment accounts - TFSA, RRSP, RESP, RRIF and RDSP.