Crowd Deposit Plan
An easy way to earn more interest1 on surplus funds
Save together and earn more
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Ideal way for franchises, associations and other organizations with separate business entities† to earn higher interest1 and save more
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Individual account balances (within your company's plan) are added together to determine the applicable interest rate, so everyone can earn a higher rate2
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Interest rates and tiers are customized to suit your company3
Accounts within the Plan are completely confidential
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Account holders can deposit and withdraw funds anytime with no maintenance or transaction fees4
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Individual accounts are confidential and statements are sent directly to the account holders
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Available for Canadian or US funds
See the difference the Crowd Deposit Plan can make5
![Without the Plan your interest rate is based on your individual balance](/content/scotiabank/ca/en/commercial-banking/banking-solutions/investing-accounts-gics/specialty-accounts/crowd-deposit-account/_jcr_content/main-par/section_container_co_1261972937/section-container-par/row/row-par-1/image.img.jpg/1609963428726.jpg)
![With the Plan, your interest rate is based on the total balance of all participants](/content/scotiabank/ca/en/commercial-banking/banking-solutions/investing-accounts-gics/specialty-accounts/crowd-deposit-account/_jcr_content/main-par/section_container_co_1261972937/section-container-par/row/row-par-2/image.img.jpg/1609963446194.jpg)
Frequently asked questions
1
We cannot guarantee that interest earned will always be higher than your other deposit products. Actual interest earned depends on the aggregate balances in Crowd Deposit Plan investment accounts.
2
Interest is calculated daily and deposited monthly into the account.
3
The interest rate and/or interest rate tiers are subject to change at our discretion at any time.
4
Please see Your Guide to Fees and Interest Schedules for details.
5
Accounts within the plan are subject to minimum and maximum deposit amounts as authorized by the plan owner.
†
An individual or organization that is legally permitted to enter into a contract.