Scotia High Interest Savings Account
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on Scotiabank's website
Monthly Fee
$0
Promotional interest
5%
3 months
Welcome Offer
Not specified
Account Overview
The Scotiabank High-Interest Savings Account allows you to grow your money with an interest rate that increases with your balance, 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.
Pros & Cons
Pros
- +No monthly fee
- +Promotional rate of 5%
- +Competitive interest rate (2.2%)
Cons
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Account Features
- E-StatementNot specified
- Included transactionsNot specified
- Unlimited Interac e-TransfersNot specified
Terms and conditions
- Interest Rate Based on 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
Related Accounts
*Conditions apply.
Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. Milesopedia may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 Scotiabank. All trademarks are property of their respective owners.