Right Size Savings for Business

The Right Size Savings for business account is available in Canadian Dollars only and offers competitive interest rates which are calculated on a tiered, progressive basis with different rates for different balance tiers. Progressive Tier (also known as blended interest) means that the portion of the credit balance within each tier will earn the corresponding interest rate for that tier. The sum total of the interest earned at each tier will give you the total interest. Interest is calculated on the daily credit balance and paid monthly.  A minimum balance of $10,000 is required to earn interest.   

All other standard pay-per-use banking transaction, deposit and sundry service fees as outlined in Your Guide to Fees and Interest Schedules apply. 

This account offers unlimited free Canadian dollar self-service transfers to and from your other Scotiabank accounts when you use Scotia OnLine® Financial Services, ScotiaConnect® digital banking services, TeleScotia® telephone banking services, Scotiabank Automated Banking Machines (ABMs) or Internet Banking Services.  Please see Your Guide to Fees and Interest Schedules for details. As this account is intended for savings, a fee of $5.00 is applied on the following debit transactions (per item): ABM Withdrawals, Cheques, Direct Payments, Bill Payments (ABM, Scotia OnLine®, ScotiaConnect® or TeleScotia®), and Other Debits. 

All other standard, non-transfer debit transactions such as ABM withdrawals, Cheques, Direct Payments, Bill Payments through ABM, Scotia OnLine or ScotiaConnect and other debits are pay-per-use banking transactions. Deposit and sundry service fees apply as outlined in Your Guide to Fees and Interest Schedules.

Interest rates are subject to change. Interest is calculated on the applicable portion of the daily closing credit balance in each tier, at the corresponding rate for that tier. Interest will be paid on the entire balance up to $2,000,000 when the minimum daily closing balance of $10,000 is met. Interest is calculated and paid to your account at the end of the monthly statement cycle.