Best Scotiabank Savings Accounts in Canada

The Scotiabank High-Interest Savings Account allows you to grow your money with an interest rate based on your eligible Total Relationship Balance with Scotiabank, with no monthly fees.

Interest is calculated daily and paid monthly. Your funds remain accessible at all times, and transfers between your Scotiabank accounts are free.

Up to 2.45%. Maximum with a Total Relationship Balance of at least $500,000. Tiers: below $10,000: 0%; $10,000–99,999: 1.50%; $100,000–249,999: 1.75%; $250,000–499,999: 2.00%; $500,000+: 2.45%. Total promotional annual rate: up to 5%. Maximum total annual rate: 2.45% regular at the $500,000+ relationship tier plus a 2.55% welcome bonus for 90 days on up to $5,000,000 in HISA. The bonus requires a relationship balance greater than $10,000 and no current or previous HISA/MomentumPLUS within the last 2 years. Starts on the next business day if opened on a non-business day.

Scotiabank’s Right Size Savings for business account maximizes the return on your surplus cash.

1.5%. Annual tiered schedule: 1.50%, 1.65%, 1.90% and 2.15% by balance band up to $2,000,000; 0% on the excess band. $10,000 minimum daily balance to earn interest. Confirm any acquisition bonus with Scotia: its published terms conflict on the duration.

Main account features:

• No monthly account maintenance fees
• Unlimited free Canadian dollar self-service transfers
• An interest rate that increases as your balance grows
• Access to your funds at all times
• CDIC deposit insurance

0.4%. Regular annual rate. Additional premium of 0.05%, 0.10%, 0.15% or 0.30% for 90, 180, 270 or 360 days respectively; premium-period conditions apply.

The main features of this account:

• No monthly fees
• No minimum balance required
• Automatic Savings Plan
• Unlimited transfers between accounts
• Virtual check deposit

Maximize your savings with Scotiabank Savings Accelerator Account.

Enjoy a competitive interest rate, with no monthly fees.

Make unlimited, free transfers between your accounts and benefit from free quarterly statements. Ideal for your registered and non-registered plans.

Scotiabank Getting There Savings Program for Youth has no monthly fee. Your balance earns 0.05%.

Discover the Scotia Bank Master Savings Account and enjoy unlimited free transfers to your other Scotia accounts.

With no monthly account fees, this account gives you easy, convenient access to your funds at all times, and interest on every dollar you save.

Simplify your savings with the ‘Deposit the Change’ program and automatic contributions.

Receive free InfoAlerts to keep you informed of important transactions.

Scotiabank Foreign Currency Savings Account has a monthly fee of $1. The fee is waived with a minimum balance of $200. 2 transactions per month are included.

Manage your U.S. savings with the Scotiabank U.S. Dollar Daily Interest Account. Benefit from progressive interest with no monthly fees and a minimum daily balance of US$200.

Enjoy two free debit transactions per month and access to online and mobile banking services.

Receive free InfoAlerts and paperless statements.

Opt for the Scotia Daily Interest Euro Account and benefit from no monthly fees with a minimum daily balance of €200.

Enjoy two free teller transactions per month and interest calculated daily.

This account is ideal for saving in euros with competitive exchange rates and CDIC protection.