Welcome Bonus Interest Rate Offer

The 3.65% Welcome Bonus Interest Rate Offer (the “Offer”) is only available on new Momentum^PLUS Savings Accounts (“Account(s)”) opened.

The Offer rate of 3.65% (the “Bonus Rate”) will apply to deposits made to the Account for 3 months (90 days) from the date the Account was opened (the “Bonus Rate Period”). If the Account is opened on a statutory holiday or Sunday, the Bonus Rate Period will begin on the first business day after the Account is opened.

Individuals who are currently or were previously a holder of a Momentum^PLUS Savings Account within the last 2 years are not eligible for the Offer. For joint accounts, at least one individual cannot currently or previously be a holder of a Momentum^PLUS Savings Account within the last 2 years, to qualify for the Offer.

The Bonus Rate is an annualized rate and interest is calculated daily and paid monthly. After the Bonus Rate Period ends, the balance in the Account will earn interest at the then current posted Total Annual Interest Rate for the Account (which includes the Regular Interest Rate and Premium Period Interest Rate and, if applicable, the Ultimate Interest Rate Boost or the Preferred Interest Rate Boost).

Refer to Current Rates Page for current interest rates, which are subject to change.

Account must be open and in good standing at the time of any Bonus Rate payout in order to be paid. For purposes of this Offer, an Account is not in 'good standing' if it has a negative balance, or the Account holder is in breach of the Account agreement with Scotiabank.

Limit of one (1) Offer per customer; Bonus Rate will only apply to the first eligible Account opened. Note: If multiple Momentum^PLUS Savings Accounts are opened on the same day, the account with the larger account number will be eligible to receive the bonus offer. For example, if two Momentum^PLUS Savings Accounts are opened on the same day with account numbers 1234 and 1236, only the account with the higher number (1236) will be eligible for the Offer. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

All other terms and conditions of the Account continue to apply. Refer to the Day-to-Day Banking Companion Booklet.

By making a deposit during the Offer Period, you are deemed to have accepted the offer, and consent to receive notices electronically via Scotiabank’s Digital Banking service which you can access by logging into ScotiaOnline or our mobile banking app. These electronic notices will notify you 21 and 5 days in advance of when the Bonus Rate Period expires and of any changes to your account(s) that will take effect after the offer period ends.