Benchmark Money

Scotiabank Scotia High Interest Savings Account (HISA)

ScotiabankSavings

Scotiabank · Savings

No monthly fee, 2.8% on a promotional rate.

Monthly feeNone
Transactions includedNot published
Interest rateNone published2.8% promotional
Deposit insuranceNot stated
View at ScotiabankCompare on your own banking

Fees and rates verified 2026-08-19We earn nothing from any institution hereHow we research

What it costs

Monthly fee
None

Interest

Promotional rate
2.8%
What the rate depends on
Regular rate is tiered on Total Relationship Balance, not on the account balance alone. Promotional rate of 2.80% for the first 3 months (90 days from account opening). No ABM or point-of-sale access; unlimited self-service transfers between Scotiabank accounts.

How the rate is tiered

Level 1, under $10,000
0%
Level 2, $10,000 to $99,999
1.5%
Level 3, $100,000 to $249,999
1.75%
Level 4, $250,000 to $499,999
2%
Level 5, $500,000+
2.2%

Who can open it

Can be registered (TFSA, RRSP)
No
US dollar account
No

Deposit protection

Insured by
Not published by the institution

Where these figures come from

Figures checked on
August 19, 2026
Institution's effective date
2026-06-09
Source page
www.scotiabank.com

Notes

A Total Relationship Balance of at least $10,000 is required to earn any interest (Level 1 pays 0.00%). Tier rates carry the effective date June 9, 2026 published on Scotiabank's rates page.

Where the institution contradicts itself

Scotiabank's savings-accounts landing page (https://www.scotiabank.com/ca/en/personal/bank-accounts/savings-accounts.html) advertises 'up to 5.00%' for the first 3 months, while the HISA product page states 2.80% for the first 3 months. Both are Scotiabank pages read on 2026-08-19. Not reconciled; the 2.80% figure is the one stated on the product page for the account itself.

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Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.