Save for tomorrow, starting today
Discover your perfect savings account, no matter what your financial goals are.
Savings account benefits
Grow your money with the safety of a savings account.
HIGH INTEREST
MomentumPLUS Savings Account
$0 per month
Earn a savings rate of up to 5.50%* for 3 months.
Get a higher rate
the longer you save
Unlimited
self-service transfers between your Scotia accounts2
No minimum balance
needed in your account
SAVINGS BOOSTER
Savings Accelerator Account
$0 per month
Add onto
any non-registered or registered plan
No minimum balance
needed in your account
Unlimited
self-service transfers between your Scotia accounts3
FLEXIBLE SAVINGS
Money Master Savings Account
$0 per month
Grow your savings
with your debit card4 and Bank the Rest®
Access your money
at any time
No minimum balance
needed in your account
U.S. DOLLAR
Scotia U.S. Dollar Daily Interest Account
$0* or $1.00 US per month
Easy online transfers
between your Canadian and US accounts
Commission-free
US dollar drafts
- You have a minimum $200 USD daily closing balance
OR
- You’re at least 60 years old
EURO
Scotia Euro Savings Account
$0* or €1.00 per month
Competitive
foreign exchange rates
Two free
teller-assisted transactions per month5
- You have a minimum €200 daily closing balance
OR
- You’re at least 60 years old
Need help choosing an account?
Included with every Scotia savings account
Mobile and online banking
4,000+ ABM and convenient branch locations
Personalized financial advice
Frequently asked questions
Bank better
Looking to change your Scotia account?
We’ll help you make the switch.
Advice+ for financial planning
Tips and tools to build a financial plan.
Save with every purchase
Find out how you can save money, every time you use your debit card.
Get to know
your account
Scotiabank - DAY-TO-DAY
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Includes Regular Interest Rate of 1.00% plus a Package Interest Rate Boost of 0.10% for Ultimate Package holders, 360-Day Premium Period Interest Rate of 0.90% and a Welcome Bonus Interest Rate of 3.50% for 3 months. Regular Interest plus a Package Interest Rate Boost of 0.10% for Ultimate Package holders (or 0.05% for Preferred Package holders) is calculated daily, paid monthly. Premium Period Interest is earned when you choose a 90, 180, 270 and/or 360-day Premium Period. A longer Premium Period earns a higher Premium Period Interest Rate provided you don’t make any withdrawals within the Premium Period you select. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Welcome Bonus Interest is calculated daily and paid monthly for 90 days (3 months) on your first MomentumPLUS Savings Account opened. Interest rates are per annum and subject to change. Visit the Current Rates Page for more information and current rates.
Compared to other consumer credit cards publicly offered by Canadian Schedule 1 banks as of March 3, 2023.
We will not charge you Foreign Transaction Fees on foreign currency transactions, including purchases, only the exchange rate applies. The term “Foreign Transaction Fees” is a substitute for “Foreign Currency Conversion” as described in the Disclosure Statement you received with your Card. This fee relates to the 2.5% mark-up that is typically charged by credit card issuers in addition to the exchange rate. See the Foreign Currency Conversion section of the Disclosure Statement for this Card for full details. Rates and fees are subject to change.