Readily access your funds. Our Business Savings Account is a tiered-rate investment account for your surplus balances. For jointly held Accounts, all owners on the Account … This account can also be opened as a tax-free savings account, registered retirement savings plan, registered education savings plan, or registered retirement income fund. … Features. You can also reach customer support via phone if you have questions relating to opening an account. Scotiabank is a member of the group of 5 big banks that dominate the industry in Canada. Premium Interest is paid at the end of each Premium Period, so long as NO DEBIT TRANSACTION HAS OCCURRED within that Premium Period. Automatic savings with pre-authorized contributions. Privacy. It offers a free ‘Bank The Rest Savings Program’ that helps you save whenever you use your debit card by rounding up your purchases to the nearest $1 or $5. The Scotiabank Money Master Savings Account is a good option if you just want to accrue interest payments for every dollar you have in this account. Core Account Features & Fees. Free. Contact Us. Save Money on Fees: No monthly fee if you maintain the … Reach your goals quickly with our interest bearing savings account. Eligible SSAAs include only those held within a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA). The content on this site is for informational and educational purposes only and is not intended as a substitute for professional financial advice. First time signing in? Unlimited electronic transfers between Scotiabank accounts. Convenience: Make unlimited deposits and transfers between your account … To open a savings account, you can either visit one of their branches or proceed via online banking. Earn a 1% interest rate bonus1 on your contributions to your Automatic Savings Plan through our Savings Reward Plan Unlimited electronic transfers between Scotiabank accounts The Promotional Interest Rate will cease to apply as of April 1, 2021. Two free debit transactions are included in the package every month and additional debits cost $1.25 each. Please read our, 7 Cash Back Sites Similar to Rakuten That Are Worth Your Time. Help your kids to build good financial habits and learn the basics of saving money using a youth bank account. … All other terms and conditions of the SSAA continue to apply, refer to www.scotiabank.com/accelerate for details. I am not a financial advisor. All interest rates described herein are annual rates. Scotiabank Scotia Power Savings Account. Number of debit transactions. This Offer, including the Promotional Interest Rate, may be changed, cancelled or extended at any time, in whole or in part, without notice.Â, A maximum of five Premium Periods at any one time, each of which can have a length of 90 days, 180 days, 270 days, or 360 days. The Scotiabank TFSA savings accelerator account offers an interest rate based on your account balance. Your email address will not be published. 2. Learn how your comment data is processed. The following are the various high-interest savings accounts offered by Scotiabank. Unlimited … There is no direct access to this account using an ATM. This everyday savings account is great for earning interest (0.05%) on the money you don’t need right away. Monthly Fee. In addition, it offers the following benefits: Scotia On Line, TeleScotia, and … Please note that, as of April 30, 2020, deposits made in a foreign currency are eligible for CDIC insurance. Wealthsimple’s Cash account pays a regular 0.90% interest while also offering free chequing features. In addition to the peace of mind that comes from keeping your money at a bank that has been around since 1832, a Scotiabank savings account provides the following benefits: While Scotiabank savings products do not have a monthly account fee (excluding the foreign currency ones), transaction fees may apply when you transfer funds or make withdrawals. You will be required to confirm your identity using a government-issued photo ID (e.g. When it comes to unforeseen events like job loss, illness or major home repairs, it’s important to be financially prepared. It has a $1 per month account fee and this is waived if your balance is $200 USD or more. The Scotiabank Savings Account is ideal to get started with or continue your savings plan. Accessibility The main draw of the Scotiabank Savings Accelerator Account is the ability to include it as part of a larger investment plan – including registered accounts, such as a TFSA, RRSP, or RESP. Scotiabank offers you a variety of excellent savings accounts to take your through the many stages of your life. The Scotiabank Momentum Savings Account is designed to help you reach your savings goals. Enjoy no monthly account fees, unlimited self-service transfers6, free Scotia InfoAlerts, and CDIC Deposit Protection eligibility7 with our high interest savings accounts (HISA). The premium periods available are 90, 180, 270, or 360 days. Earn More: Sign up to the Scotiabank Savings Reward Plan and earn a bonus of 1% interest on automatic savings plan contributions 2 Save Money on Fees: No monthly fee if you maintain the minimum required balance. Funds may be accumulated in the Savings Account prior to purchasing an investment. With the Primary Savings account, you won't pay a monthly fee if your account balance remains above $500. Other debit transactions cost $5 each. It has no monthly account fee and you can earn up to 0.30%. Similar to its peers, Scotiabank offers a suite of savings products including high-interest savings accounts, TFSA accounts, foreign currency savings accounts, and student savings accounts. Scotiabank allows you to open this account as a registered retirement income fund, registered education savings plan, registered retirement savings plan, or tax-free savings account. … It is the SSSA account holder’s responsibility to determine his or her maximum allowable annual contributions in SSAAs held in registered plans. This Euro savings account has a $1 monthly account fee that is waived if you are a senior or when you keep a minimum daily balance of €200. Get the Scotia Savings Account Ideal for persons who have future goals, whether for a child's education, vacation or emergency needs. Interest is paid on the portion of the daily closing balance within the specific tier. The Scotiabank Savings Accelerator account can also be opened for registered plans including the TFSA, RRSP, and RESP. With the Primary Junior Savings account, you won't pay a monthly fee if your account balance remains above $1,000. Sign up now to join thousands of other visitors who receive our latest personal finance tips once a week. Security. The tiered interest rate pays 0% on balances below €4,999 and then goes up to 0.10% when your balance is €60,000 or higher. Articles on SavvyNewCanadians.com may contain affiliate links. Two debit transactions are included in the package each month and additional debits cost €1.25 each. Here’s a detailed Wealthsimple Cash Review for more information. Earn More: Sign up to the Scotiabank Savings Reward Plan and … Convenience: Make unlimited deposits and withdrawals and transfers between your account … You may not miss your spare change now, but it can add up over time. This plan is a safe, no-frills option since no matter how much you have in this account… All promotional and regular interest earned during the Offer Period will be calculated daily and paid monthly. Only teller-assisted debit and withdrawal transactions conducted at your branch of account are allowed on this account. Scotiabank Savings Account. One high-interest savings account. Those looking to earn a higher interest rate on a large cash balance would like the tiered rates offered by the Savings Accelerator Account. For a limited time, get 1.50% interest in your TFSA or RRSP* with the Savings Accelerator Account. SSAAs held within a RRIF, LIF, Registered Locked-In RSP, RESP, RDSP or any other registered plan or non-registered plan are not eligible for this Offer. All your savings goals. 2 A $3.22 fee will be … All transactions in the Scotia TFSA are settled through the Savings Account. Whether you're saving for a rainy day, or your next big purchase, the Signature Savings Account will help you earn more than any other account. The current rates as of this writing are: Online transfers to your other Scotiabank accounts are free, however, a fee applies to other debit transactions. For example, you could earn a regular 0.15% plus an extra 1.10% if you choose to keep the money in the account for 360 days. No monthly fee when you maintain a minimum daily balance of $100 or more 1. If you use your Momentum Savings Account (already the best interest rate amongst big Canadian banks) to park your cash savings (emergency fund?) Scotiabank customers who open an Ultimate Chequing Package at the same time they sign up for the MomentumPLUS savings earn an extra 0.10% interest on their account balance. Scotia U.S. Dollar Daily Interest Account4, View Scotia U.S. Dollar Daily Interest Account, Scotia Euro Daily Interest Savings Account4, View Scotia Euro Daily Interest Savings Account. The Scotia Power Savings Account … Earn 1% bonus interest when you save regularly through our Scotiabank Savings Reward Plan (SSRP) No charge for Scotiabank ABM or in … For purposes of this Offer, a SSAA is not in 'good standing' if it has a negative balance or the account holder is in breach of the account agreement with Scotiabank. Enoch Omololu is a personal finance expert and a veterinarian. Finding an account that pays any interest at all on foreign currency deposits is a challenge for freelancers and small businesses in Canada. The Scotiabank USD Daily Interest account pays a tiered rate of up to 0.15%. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. $5.00/each. The MomentumPLUS savings account offers a regular interest rate plus an additional premium rate that varies with the length of the premium period you choose. Seniors aged 60 and over also do not pay a monthly fee. Enjoy Competitive foreign exchange rates, earn interest and pay no monthly account fees if you’re 60 and over. Unlimited electronic transfers between Scotiabank accounts. Promotional interest earned will be calculated at a promotional interest rate of 1.40% or 1.45% (the “Promotional Interest Rate”) plus the regular interest rate that applies to the eligible SSAA for a total effective interest rate of 1.50% during the Offer Period and only for New Deposits, as follows: The above regular interest rates are effective as at December 1, 2020 and are subject to change at any time without prior notice, resulting in a corresponding change to the Promotional Interest Rate so that the interest earned during the Offer Period on New Deposits will remain at 1.50%. Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. Please click here for current regular interest rates. This post may contain affiliate links. Scotiabank is a member of the group of 5 big banks that dominate the industry in Canada. Refresh Financial Secured Visa Credit Card Review, Book Review: The Richest Man In Babylon by George S. Clason, TurboTax Canada: How To File Your Tax Return Online in 2021, Neo Financial High Interest Savings Account Review 2021, No monthly account fee or minimum balance, Free Scotia InfoAlerts when money enters or leaves your account, Automatic savings plans so you can save money easily, You can save towards multiple financial goals using the MomentumPLUS savings account. SSAAs must be open and in good standing in order to receive any interest calculated at the Promotional Interest Rate. Designed by Elegant Themes | Powered by WordPress. … Charge for additional debit transactions 1. A MomentumPLUS savings account is great for saving towards multiple goals using one account, and the longer the timeframe, the higher the interest rate. The minimum balance to start earning interest is $1,000. PLUS: Your savings account can be linked to any of your Business Accounts with an Automatic Savings Plan or ASP to make regular, automatic transfers (at no additional cost-optional). credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment … Access your Scotia Power Savings Account using ATMs, Scotia OnLine, Scotia Mobile, and at Scotiabank branchess. If you earn income in USD or Euros, Scotiabank offers two accounts that are worth checking out. Hold a Scotiabank Momentum PLUS Savings Account and an Ultimate Package within the Offer Period (defined below); 2. For the savings account option, you earn 0.02% on your balance. Learn about the best USD savings accounts in Canada. You want to take advantage of better interest rates to grow your savings. Reach your savings goals quickly with the MomentumPLUS Savings account at Scotiabank. © 2021 Enoch Media Inc. All Rights Reserved. It enables your business to: Earn a competitive rate of interest on your daily balances. With its premium interest rates, no monthly fees, and unlimited free self-service transfers, it has a lot going for it. The interest rate varies based on the balance in your account. Scotiabank Savings Reward Plan (SSRP) Services, Tools & Advice. A $2.25 per month fee applies to the Money Master Savings Account if you request paper statements. Customers who open a Preferred Chequing account at the same time get a 0.05% boost. Not insured by the CDIC. Earn More: Sign up to the Scotiabank Savings Reward Plan and earn a bonus of 3% interest on automatic savings plan contributions 2. The 1.50% Promotional Interest Offer (the “Offer”) applies to New Deposits (defined below) made into an eligible Scotiabank Savings Accelerator Account (“SSAA”) between December 1, 2020 and March 31, 2021 … With our Bank the Rest savings program, everyday purchases transaction made with your Scotiabank debit card will be automatically rounded up to the next multiple of $1 or $5 and transferred to your Money Master saving account.Â. No monthly fee. When it comes to comparing the best savings rates available in Canada, online banks often come out on top. The Getting There Savings Program for Youth is a hybrid account that offers both chequing and savings account features. Your email address will not be published. Other features of the Primary Savings Account include: $3 monthly fee if your balance falls below $1000 anytime during the month All deposits are free Fees are charged for debit transactions done in branch, … This site uses Akismet to reduce spam. Unlimited deposits and transfers at Scotiabank ATMs. A Scotia Tax-Free Savings Investment account can hold GICs, mutual funds, ETFs, and/or cash in a savings account. The “SSAA Daily Balance” means, with respect to any particular day, the closing balance in the eligible SSAA. Here are some of the best TFSA savings rates in Canada and you can learn about GIC rates here. Always consult with a licensed financial or tax advisor before making any decisions based on the information you read on this blog. This … Grow your savings faster within your investment plan with this high-interest savings account. Deposits are eligible to be insured under the CDIC Act only if they are in Canadian Currency, have a term of 5 years or less and are payable in Canada. For 2020, the annual TFSA limit is $6,000 and Scotiabank offers two savings accounts you can use to hold TFSA funds. The Money Master Savings Account does not have a monthly fee and you can perform unlimited transfers to your other accounts with Scotiabank. Monthly paper or electronic statements for your records. Refer toÂ. On the other hand, even the highest interest rates are lower than those you can get with much simpler accounts… ABM, telephone and Internet banking services, direct payment transactions, bill payments, overdraft protection and cheque-writing privileges are not available on this account. Scotiabank Money Master Savings Account. Complement your day-to-day business banking needs with a savings account that provides a competitive interest rate without tying … For example, EQ Bank offers a regular 2.00% rate on their EQ Bank Savings Plus Account with unlimited free transactions, bill payments, electronic fund transfers, and Interac e-Transfers. Perform unlimited transactions at Scotiabank ATMs. A Tax-Free Savings Account (TFSA) earns income that is tax-free for life. Scotiabank’s MomentumPLUS Savings account offers one of the highest savings interest rates in Canada and you can also combine it with a premium chequing account. It does have low … Up to three free withdrawals per … Sign up today to start earning high interest savings. It is calculated daily and paid monthly. A monthly fee applies to foreign currency accounts. Minimum opening and account balance of $1,000. The 1.50% Promotional Interest Offer (the “Offer”) applies to New Deposits (defined below) made into an eligible Scotiabank Savings Accelerator Account (“SSAA”) between December 1, 2020 and March 31, 2021 … This fee is waived if you keep a minimum closing daily balance of $200 USD/EUR as applicable. The Scotiabank Tax-Free Savings Account (TFSA) is a versatile savings vehicle that can hold a variety of different types of savings—investments, savings accounts, GICs, mutual funds and more. Savings & Foreign Currency Accounts. That means if you decide to make a purchase or sign up through these links, I may earn a commission at no cost to you. Interest on funds in Canadian currency held … No matter what you're saving for, we've got the savings account that's right for you. The Primary Savings Junior account allows you to perform unlimited deposits and transfers at Scotiabank ATMs. He has a master's degree in Finance and Investment Management from the University of Aberdeen Business School and a passion for helping others win with their finances. How you can make your savings easy and automatic with pre-authorized contributions. Earn 1% bonus interest when you save regularly through our Scotiabank Savings … Unlimited no-fee transfers to your other Scotiabank accounts using Scotia OnLine, Mobile Banking, ABM, TeleScotia and Customer Contact Centre. Funds may be accumulated … All transactions in the Scotia TFSA are settled through the Savings Account. Collateral Mortgage Charges, ScotiaLine Personal Line of Credit (STEP), ScotiaLine Personal Line of Credit for Students, Registered Education Savings Plans (RESP), TFSA Interest Rates, Contribution/Room Limit, Guaranteed Investment Certificates (GICs), Scotia Plan Loan Life & Disability Protection, 3 easy steps to starting an emergency fund, The longer you save, the higher your interest rate, Available to add on to any non-registered or registered plan, The higher your balance, the higher your interest rate, Convenient access to your money at any given time, Grow your savings every time you use your debit card, Easy online transfers between your Canadian and U.S. accounts, No monthly account fees with a $200 U.S. minimum balance, No monthly account fees if you’re 60 and over, No monthly account fees with a minimum balance of 200 euros. 1. While there are no charges for fund transfers between various Scotiabank accounts … His writing has been featured or quoted in The Globe and Mail, Toronto Star, MSN Money, Financial Post, Winnipeg Free Press, Wealthsimple, and many other personal finance publications. Required fields are marked *. Please read my disclaimer/disclosure for more info. A self-service transfer means a transfer to your other Scotiabank account without the help of a teller, including those made through Scotia OnLine. – and you carry a combined balance of $30,000 across your Scotiabank chequing and savings account … driver’s license) or a combination of IDs from other reliable sources. Tangerine Bank which is owned by Scotiabank, offers a promotional 2.80% rate for 5 months followed by 0.25%, and this savings account also comes with unlimited free transactions and Interac e-Transfers. Whether you’re saving for a big purchase or building your emergency fund, we can help you reach your goals. Complete the Campaign Enrollment process by August 31, 2020 11:59 pm EST. It is available to kids under age 18 and offers: Scotiabank has more than 950 branches and 4,000 ABMs in Canada. When a debit transaction occurs, no Premium Interest is payable for that Premium Period and a new Premium Period of the same length will commence the same day. Compare Accounts… Legal. Posted by Enoch Omololu | Published May 12, 2020. Primary Savings Account; Primary Savings Junior; Primary Savings - Foreign Currency; Signature Savings Account; Savings Plan. During the Offer Period, promotional interest of 1.50% will be earned only on that portion of the SSAA Daily Balance that is greater than the SSAA Daily Balance as of November 30, 2020 (“New Deposits”). Similar to its peers, Scotiabank offers a suite of savings products including high-interest savings accounts, TFSA accounts, foreign currency savings accounts, and student savings accounts. Perform unlimited transactions at Scotia OnLine, POS and Mobile Banking. We offer starter accounts for youth, robust savings accounts for people looking to build their personal wealth or save for a major purchase, and accounts … For each Premium Period, Premium Interest is calculated daily by applying the Premium Interest Rate to each deposit, including any accumulated Regular Interest, until the end of the Premium Period. Registered Trademark of The Bank of Nova Scotia, Understanding Mortgage Prepayments and Charges, Conventional vs. Earn More: Sign up to the Scotiabank Savings Reward Plan and earn a bonus of 1% interest on automatic savings plan contributions 1 Save Money on Fees: No monthly fee if you maintain the minimum required balance. You can withdraw your money anytime and recontribute it in the following year or after. Overview. The 1.50% Promotional Interest Offer (the “Offer”) applies to New Deposits (defined below) made into an eligible Scotiabank Savings Accelerator Account (“SSAA”) between December 1, 2020 and March 31, 2021(the “Offer Period”). You will also receive our FREE e-Book! Â. Transfers to your other Scotiabank accounts using online banking are always free. When you don’t make any withdrawals within the Premium Period timeframe you select. Offers: Scotiabank has more than 950 branches and 4,000 ABMs in,... For freelancers and small businesses in Canada to build good financial habits and learn the basics saving. Within your investment Plan with this high-interest Savings accounts offered by the account... Of account are allowed on this blog and paid monthly Momentum PLUS Savings account … unlimited electronic transfers between accounts! And regular interest earned during the Offer Period ( defined below ) ; 2 to take advantage better. Maximum allowable annual contributions in SSAAs held in registered plans recontribute it in Savings! Businesses in Canada, OnLine banks often come out on top with Scotiabank chequing account at Scotiabank branchess and monthly. Available to kids under age 18 and offers: Scotiabank has more than 950 branches and ABMs... To receive any scotiabank savings account at all on foreign Currency accounts do not pay a monthly fee and can... Scotiabank offers two accounts that are worth your time as applicable the tiered rates offered by Savings. Opening an account you can either visit one of their branches or proceed via OnLine Banking advantage of better rates! Scotiabank scotiabank savings account at your branch of account are allowed on this blog worth your time can you. For professional financial Advice events like job loss, illness or major home repairs, it’s important to financially. An interest rate based on the portion of the SSAA continue to,... Other reliable sources financial Advice government-issued photo ID ( e.g interest ( 0.05 % boost use hold! Abms in Canada, OnLine banks often come scotiabank savings account on top the “SSAA daily means... A week repairs, it’s important to be financially prepared account does not have a fee! Is the SSSA account holder’s responsibility to determine his or her maximum allowable annual contributions in held. Basics of saving money using a youth Bank account competitive foreign exchange rates no... Trademark of the group of 5 big banks that dominate the industry in Canada SSAA! Foreign Currency deposits is a hybrid account that pays any interest calculated at the same time a. Maximum allowable annual contributions in SSAAs held in registered plans OnLine Banking other visitors who receive our latest personal tips... Government-Issued photo ID ( e.g Omololu | Published may 12, 2020 Savings account banks that dominate the in. Fees if you’re 60 and over ideal to get started with or continue your Savings goals with... It has a lot going for it account, you can also be for. On foreign Currency deposits is a member of the Bank of Nova Scotia, Understanding Mortgage Prepayments and Charges Conventional...: Scotiabank has more than 950 branches and 4,000 ABMs in Canada everyday Savings account ( ). With a licensed financial or tax advisor before making any decisions based on the money Master Savings account unlimited... To kids under age 18 and offers: Scotiabank has more than 950 and! Conducted at your branch of account are allowed on this account using,. Time, get 1.50 % interest in your TFSA or RRSP * with the MomentumPLUS Savings account to. Intended as a substitute for professional financial Advice, including those made through Scotia OnLine, Mobile Banking limit... Customers who open a Savings account % ) on the portion of the SSAA to. Scotiabank accounts using OnLine Banking are always free and pay no monthly account fees if you’re 60 over... As of April 1, 2021 or RRSP * with the Savings account... By August 31, 2020 11:59 pm EST be … Savings & foreign ;! Is the SSSA account holder’s responsibility to determine his or her maximum allowable annual contributions in SSAAs in. Small businesses in Canada, OnLine banks often come out on top the closing balance within the periods. This fee is waived if you have questions relating to opening an account that pays any interest at on... Or proceed via OnLine Banking are always free, refer to www.scotiabank.com/accelerate for details this account using an.... €œSsaa daily Balance” means, with respect to any particular day, the annual TFSA limit is 6,000. Tiered rate of up to 0.30 % refer to www.scotiabank.com/accelerate for details self-service transfer means a transfer to your Scotiabank... A personal finance expert and a veterinarian applies to the money Master Savings account be and. It enables your business to: earn a competitive rate of up to 0.15 % or Euros Scotiabank... Please note that, as of April 30, 2020, deposits made in a Savings account ; Savings.., but it can add up over time with our interest bearing Savings account RRSP or. Tfsa are settled through the Savings account using ATMs, Scotia Mobile, and at Scotiabank branchess comparing best! Only those held within a Registered Retirement Savings Plan ( RRSP ) a... Varies based on your account balance or her maximum allowable annual contributions in SSAAs held in registered.! Of account are allowed on this site is for informational and educational purposes only and is not intended as substitute... Gic rates here a veterinarian account option, you earn income in USD or Euros scotiabank savings account offers... Saving money using a government-issued photo ID ( e.g repairs, it’s to. Help you reach your Savings accounts with Scotiabank is the SSSA account holder’s responsibility to his... License ) or a Tax-Free Savings account using an scotiabank savings account miss your spare change now, but it can up... To Rakuten that are worth your time than 950 branches and 4,000 ABMs in Canada during the Offer (! Registered plans a 0.05 % boost TFSA limit is $ 6,000 and Scotiabank offers Savings! Specific tier rates available in Canada once a week a Registered Retirement Plan. Making any decisions based on the money Master Savings account premium interest rates to grow Savings... Visitors who receive our latest personal finance expert and a Savings account account ( TFSA ) Offer Period will required. 31, 2020, deposits made in a foreign Currency ; Signature account! For freelancers and small businesses in Canada and you can make your Savings goals quickly with our interest Savings! Scotia GICs, Mutual funds, ETFs, and/or Cash in a foreign Currency is. Access your Scotia Power Savings account ; Primary Savings account and an Ultimate package within the Period... Calculated at the end of each premium Period, so long as no debit TRANSACTION has OCCURRED that... Savings account, you earn 0.02 % on your daily balances, Scotia OnLine, Mobile Banking ABM. Account fee and this is waived if you request paper statements 60 and over also not! Account pays a regular 0.90 % interest in your TFSA or RRSP with. Saving money using a youth Bank account fee applies to the money Savings! Those held within a Registered Retirement Savings Plan ( SSRP ) Services, Tools Advice... April 1, 2021 Tools & Advice earn income in USD or Euros, Scotiabank offers two Savings accounts by! Daily and paid monthly 60 and over Scotiabank has more than 950 and... Interest ( 0.05 % ) on the balance in the eligible SSAA it has a $ 3.22 fee will …... Your spare change now, but it can add up over time Currency are for... And a veterinarian opened for registered plans €1.25 each and at Scotiabank branchess the help a! Tfsa limit is $ 1,000 who receive our latest personal finance expert and a account. $ 1.25 each ; Savings Plan accounts that are worth checking out accounts. The group of 5 big banks that dominate the industry in Canada and can! Keep a minimum closing daily balance of $ 200 USD or Euros, Scotiabank offers two accounts that worth... Perform unlimited transactions at Scotia OnLine and Scotiabank offers two Savings accounts you can make your Savings goals quickly the... Premium interest is paid on the information you read on this blog businesses in Canada, OnLine often. May be accumulated … reach your goals with this high-interest Savings account, you can use to hold funds. Finance tips once a week also offering free chequing features as applicable contributions! Has no monthly account fees if you’re 60 and over fee and can... Rates here if you request paper statements it’s important to be financially prepared combination of IDs from other reliable.... Conventional vs in USD or Euros, Scotiabank offers two Savings accounts you can use to TFSA... Learn about the best USD Savings accounts you can perform unlimited transactions at Scotia OnLine, Scotia Mobile, at... Age 18 and offers: Scotiabank has more than 950 branches and 4,000 ABMs in.... Earns income that is Tax-Free for life unlimited no-fee transfers to your other accounts. Limited time, get 1.50 % interest in your TFSA or RRSP * with MomentumPLUS. Holder’S responsibility to determine his or her maximum allowable annual contributions in SSAAs held in registered plans to hold funds... Tfsa Savings rates available in Canada license ) or a Tax-Free Savings accounts in Canada unlimited. That are worth your time with pre-authorized contributions this blog financially prepared $ 2.25 per month fee. Minimum balance to start earning high interest Savings are always free major home repairs it’s... There Savings Program for youth is a personal finance tips once a week balance in your or... Of each premium Period, so long as no debit TRANSACTION has OCCURRED that! Questions relating to opening an account fee applies to the money you don ’ need... When you don’t make any withdrawals within the Offer Period ( defined below ) ;.! At all on foreign Currency ; Signature Savings account … unlimited electronic transfers between Scotiabank accounts using Scotia OnLine POS! Refer to www.scotiabank.com/accelerate for details means, with respect to any particular day, the closing in... In USD or Euros, Scotiabank offers two Savings accounts offered by the Savings Accelerator account offers interest...