Earn up to 5.00%* for the first 3 months when you open your first Scotia High Interest Savings Account.
Promo interest rate: earn an extra 2.80%
Get the promo rate for 3 months, on top of our regular tiered interest rates2
Regular interest rate: up to 2.20%
$10,000 minimum Total Relationship Balance1 required to earn interest3
Account Benefits
- Earn competitive interest rates that increase as your Total Relationship Balance grows
- No monthly account fees
- Unlimited self-service transfers between your accounts
Your HISA interest rate is determined by your Total Relationship Balance, which is the combined daily closing balance in your eligible chequing, savings, and investment accounts.
|
Total Relationship Balance
|
Regular Interest Rate
|
Total Rate with Bonus
|
|
$500,000 or more
|
2.20%
|
5.00%
|
|
$250,000 - $499,999
|
2.00%
|
4.80%
|
|
$100,000 - $249,999
|
1.75%
|
4.55%
|
|
$10,000 - $99,999
|
1.00%
|
3.80%
|
|
Less than $10,000
|
0%
|
0%
|
Eligibility
- Individuals who currently hold or have held a MPSA or Scotia HISA within the past 2 years are ineligible for the Offer.
- Joint accounts are currently not available for this product.
Qualifying Criteria
- No enrollment is required; the welcome promotional interest rate will apply automatically to eligible customers upon account opening.
- Welcome promotional interest rate will become null for the days during the offer period where the total relationship balance is less than $10,000. For example, if you do not hold a total relationship balance of $10,000+ on days 10-15 of your promotional period, you will not earn interest during that time. But if you bring back the minimum requirement, you will earn on the remaining days of your 90 days promotional period. The promotional period does not re start, it always references 90 days from the date of account open.
*Open your first Scotia High Interest Savings Account (HISA). You must not currently have a MomentumPLUS Savings Account or a Scotia HISA or have held either account within the last 2 years.
Your Total Relationship Balance1 must be over $10,000 CAD each day to earn interest on your Scotia HISA for that day. This is calculated by adding up the daily closing balances in your Scotia HISA and all your other eligible accounts.
Then, for the first 3 months you have your account, you’ll earn both the:
Promotional rate of 2.80%2
Regular interest rate of up to 2.20%3
Interest will be applied to your Scotia HISA only when:
The Total Relationship Balance is greater than $10,000 CAD
Your Scotia HISA is open and in good standing
Your HISA interest rate is determined by your Total Relationship Balance1, which is the combined daily closing balance in your eligible chequing, savings, and investment accounts.
See Account Provider's website for complete account details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
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