Offers
Promotional Interest Rate
New customers who open a Scotia High Interest Savings Account will receive a promotional savings rate:
- Earn up to 5.00%* for the first 3 months when you open your first Scotia High Interest Savings Account
Limits apply. You must not currently have a MomentumPLUS Savings Account or a Scotia HISA or have held either account within the last 2 years in order to be eligible.
FlyerFunds Rebate
If you apply for the Scotia High Interest Savings Account through Frugal Flyer and are approved, you can receive an additional $75 paid directly to you.
Account Features
The Scotia High Interest Savings account earns interest based on the total relationship balance with Scotiabank, which includes funds in eligible Scotiabank chequing accounts, savings accounts, GICs, & Mutual funds, including Scotia Registered Accounts and Scotia Investment Accounts.
Account holders must have a minimum total relationship balance of $10,000 in order to earn interest.
The interest rate tiers, based on the total relationship balance with Scotiabank, are as follows:
- Less than $10,000: 0.00%
- $10,000 to $99,999: 0.75%
- $100,000 to $249,999: 1.75%
- $250,000 to $499,999: 2.00%
- $500,000 or more: 2.20%
Interest is calculated daily and paid monthly, directly to the Scotia High Interest Savings Account.
Fees
Monthly Fees
The Scotia High Interest Savings Account has no monthly fees.