Business Investment Account
Save between $25,000 and $50 million and earn premium rates1 on the entire balance plus, recieve complete access to funds
Earn a higher interest rate for higher balances with the Business Investment Account
Earn a premium interest rate on the entire balances up to $50,000,000, when you maintain a minimum daily balance of $25,000
Rates are competitive to help you grow your savings
Access and withdraw funds easily at any time
A flexible and simple savings solution
Ideal alternative to traditional GICs
Available for Canadian or US funds
Save with no monthly maintenance fee2
View account details and interest rate tiers3
| Interest Rate |
||
|---|---|---|
| $ CDN Account |
$ USD Account |
|
| $25,000,000 - $50,000,0004 | 3.75% | 3.550% |
| $7,500,000 - $24,999,999 | 3.75% | 3.550% |
| $2,000,000 - $7,499,999 | 3.75% | 3.550% |
| $25,000 - $1,999,999 | 3.25% | 3.250% |
| Under $25,000 | 0.000% | 0.000% |
Interest is paid on the entire balance within the highest applicable interest rate tier.
The rates reflected in this table may change. Please click here to see the latest interest rates for this account.
Frequently asked questions
1
If your organization has deposit requirements for amounts in excess of the maximum balance limit, please contact your Payments, Cash Management & Deposits Specialist to learn about other options.
2
There is no monthly account maintenance fee. There are separate fees related to the ScotiaConnect Digital banking services. As this account is intended for savings, a fee of $5 is applied per cheque issued. All other standard pay-per-use banking transaction, deposit and sundry service fees as outlined in Your Guide to Fees and Interest Schedules, as amended from time to time, apply. There is no free item allowance.
3
Interest rates are subject to change. Interest is calculated on the entire daily closing credit balance within the highest applicable interest rate tier, at the rate for that tier, and paid monthly. A minimum daily closing balance of $25,000 is required for interest calculation.
4
If the account balance exceeds $50,000,000, please feel free to contact your Payments, Cash Management & Deposits Specialist to find a saving solution that is better suited for your needs.