Best Scotiabank Savings Accounts in Canada

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TD First Class Travel^® Visa Infinite* Card

TD TD Rewards First-Year Annual Fee Rebate

Annual feeNo annual fee the first year: $0 $139
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$800Annual fee rebated$139Annual credit$100Total$1,039Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $1,039
Welcome offerAfter $7,500 in 6 months: Up to 160,000 points

With the TD First Class Travel^® Visa Infinite* Card, you can earn up to 160,000 TD Rewards Points^† as well as an Annual Fee rebate for the first year^†:

20,000 TD Rewards Points for the first purchase made with your card^†
140,000 TD Rewards Points when you spend $7,500 within 180 days of account opening^†
A Birthday Bonus of up to 10,000 TD Rewards Points^†

Get an annual TD Travel Credit^† of $100 when you book at Expedia^® For TD, and enjoy your time at the airport with global airport lounge access and 4 complimentary lounge visits with Visa Airport Companion Program (a value of up to $277)^†.

With the TD First Class Travel^® Visa Infinite* Card, you earn:

8 TD Rewards Points^† for every $1 you spend when you book travel through Expedia^® For TD^†
6 TD Rewards Points^† per dollar on your grocery, dining and public transit purchases
4 TD Rewards Points^† per dollar on your recurring bill payments and purchases of streaming services as well as digital games and media
2 TD Rewards Points^† per dollar on all other purchases made with your card

This card also allows you to enjoy a range of travel benefits, including an annual travel credit, complimentary airport lounge visits, and a birthday bonus that boosts your points each year^†.

Legal

^†Terms and conditions apply.

Annual fee

Primary card$139

Additional card$50

Annual income required

Individual$60,000

Household$100,000

Conversion fees

2.5%

Earning rate

6xGroceries
6xRestaurants
6xTransit
4xBills & recurring payments
4xStreaming
2xAll spending

Value

1st Year Value$1,406

2nd Year Value$531

Card benefits

Concierge service24/7

Airport lounge access$160

Travel insurance

Travel medical (under 55)Up to $2,000,000 / 21 days

Travel medical (55-64)Up to $2,000,000 / 21 days

Travel medical (65+)Up to $2,000,000 / 4 days

Trip CancellationUp to $1,500

Trip InterruptionUp to $5,000

Delayed BaggageUp to $1,000

Lost BaggageUp to $1,000

Flight DelayUp to $500

Hotel BurglaryUp to $2,500

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Mobile DeviceUp to $1,000

Auto Rental CollisionUp to $65,000 / 48 days

Bank accounts to compare

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Scotia High Interest Savings Account

Scotiabank

Monthly fee: $0
Promotional interest: Up to 5%; 90 days; Maximum total annual rate: 2.20% regular at the $500,000+ relationship tier plus a 2.80% 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.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source
Account highlights: Up to 5.00% for 90 days; maximum with a $500,000 relationship balance and welcome eligibility.

Monthly fee: $0

Regular interest: Up to 2.2%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+: 2.20%.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source
Promotional interest: Up to 5% · 90 daysMaximum total annual rate: 2.20% regular at the $500,000+ relationship tier plus a 2.80% 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.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

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 2.2%. 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+: 2.20%. Total promotional annual rate: up to 5%. Maximum total annual rate: 2.20% regular at the $500,000+ relationship tier plus a 2.80% 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.

Highlights

No monthly fees
Rate based on eligible Total Relationship Balance
Up to 5% for 90 days under the welcome-offer conditions

Account highlights

Up to 5.00% for 90 days; maximum with a $500,000 relationship balance and welcome eligibility.

Account details & conditions

Interest rate based on eligible Total Relationship Balance (up to 2.20%)
No monthly fees
Funds Accessible at All Times
Free Transfers Between Your Scotiabank Accounts
Interest calculated daily, paid monthly
CDIC Protected

Read the full offer

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Scotiabank Right Size Savings for business

ScotiabankBusiness

Monthly fee: $0
Regular interest: 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.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

Monthly fee: $0
E-statement: Not included

Regular interest: 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.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

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

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Scotiabank MomentumPLUS Savings Account

Scotiabank

Monthly fee: $0
Regular interest: 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.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

Monthly fee: $0
E-statement: Not included

Regular interest: 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.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

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

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Scotiabank Savings Accelerator Account

Scotiabank

Monthly fee: $0
Regular interest: 0.1%; Non-registered version: 0.10%; registered versions, including TFSA and FHSA: 0.25%.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

Monthly fee: $0
E-statement: Not included

Regular interest: 0.1%Non-registered version: 0.10%; registered versions, including TFSA and FHSA: 0.25%.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

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.

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Scotiabank Getting There Savings Program for Youth

Scotiabank

Monthly fee: $0
Regular interest: 0.05%; Annual rate below $500; 0.10% from $500 under the youth-program schedule.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

Monthly fee: $0

Regular interest: 0.05%Annual rate below $500; 0.10% from $500 under the youth-program schedule.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

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

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Scotiabank Money Master Savings Account

Scotiabank

Monthly fee: $0
Regular interest: 0.01%; Regular annual rate. Up to 0.50% in total with enrolment in eligible Smart Savings tools.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

Monthly fee: $0
E-statement: Not included

Regular interest: 0.01%Regular annual rate. Up to 0.50% in total with enrolment in eligible Smart Savings tools.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

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.

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Scotiabank Foreign Currency Savings Account

Scotiabank

Monthly fee: $1/mo; Waived with $200

Monthly fee: $1/mo
Fee waiver: Waived with $200
Included transactions: 2/mo

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.

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Scotia U.S. Dollar Daily Interest Account

Scotiabank

Monthly fee: $1/mo; Waived with $200

Monthly fee: $1/mo
Fee waiver: Waived with $200
E-statement: Not 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.

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Scotia Euro Savings Account

Scotiabank

Monthly fee: $1/mo; Waived with $200

Monthly fee: $1/mo
Fee waiver: Waived with $200
E-statement: Not included

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.

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