Scotiabank bank accounts and rates

We track 18 Scotiabank accounts, 12 personal and 6 business. 6 of them carry no monthly fee and the dearest is $120.00 a month. Every figure here comes from the institution’s own published pages, and where something is not published we leave it blank rather than record a zero. Last checked 19 August 2026.

The highest rate posted here is 0.4%, on the Scotiabank MomentumPLUS Savings Account. Posted rates only: a promotional rate that ends in ninety days is not what an institution pays, so it is recorded on the account and not counted here.

Deposits are covered by CDIC insured, taken from what the institution publishes rather than from what the scheme covers in general. What deposit insurance actually covers sets out the difference and why an unlimited provincial guarantee is not the same promise as the federal one.

Every Account, With What It Costs

• Scotiabank MomentumPLUS Savings Account

  No monthly fee · 4.65% promotional rate

  0.40% regular interest rate on an eligible deposit. Additional Premium Period interest is earned by leaving a deposit untouched for a chosen period: 90 days 0.20%, 180 days 0.25%, 270 days 0.30%, 360 days

• Scotiabank Money Master Savings Account

  No monthly fee · 0.01% interest

  Regular rate 0.01%. Bonus rate of 0.50% when enrolled in Smart Savings Tools. Annual interest rate is paid on the entire balance based on the tier within which the daily account closing balance falls.

• Scotiabank Preferred Package for Students and Youth

  No monthly fee · Unlimited transactionsCDIC insured

  $0/month for clients under 25 or enrolled full time in a post-secondary institution in Canada or the U.S.

• Scotiabank Savings Accelerator Account

  No monthly fee

  Offered in four variants: Non-Registered Plans, TFSA, Registered Plans (excluding TFSA/FHSA), and FHSA. Add on account to an existing plan; unlimited self-service transfers.

• Scotiabank Scotia High Interest Savings Account (HISA)

  No monthly fee · 2.8% promotional rate

  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

• Scotiabank Student Banking Advantage Plan

  No monthly fee · Unlimited transactionsCDIC insured

  $0/month while enrolled full time in a post-secondary institution in Canada or the U.S.; proof of enrolment required

• Scotiabank Scotia Euro Savings Account

  $1.00 a month · 2 transactions a month

  Two free teller assisted transactions per month. Monthly fee of EUR 1.00 waived with a minimum EUR 200 daily closing balance, or if the account holder is 60 years of age or older.

• Scotiabank Scotia U.S. Dollar Daily Interest Account

  $1.00 a month

  Monthly fee of $1.00 US is waived with a minimum $200 USD daily closing balance, or if the account holder is 60 years of age or older.

• Scotiabank Basic Bank Account

  $3.95 a month · 18 transactions a monthCDIC insured

  No minimum balance waiver. $0/month for clients 60+ (senior's pricing).

• Scotiabank Basic Plus Bank Account

  $11.95 a month · 25 transactions a monthCDIC insured

  $0/month if you hold $3,000 or more in the account every day for the entire month; $7.95/month for clients 60+

• Scotiabank Preferred Package

  $16.95 a month · Unlimited transactionsCDIC insured

  $0/month if you hold $4,000 or more in the account every day for the entire month; $12.95/month for clients 60+

• Scotiabank Ultimate Package

  $30.95 a month · Unlimited transactionsCDIC insured

  $0/month with $6,000 or more in the account, or a Total Relationship Balance of $100,000 across eligible accounts, every day for the entire month; $24.00/month for clients 60+

• Scotiabank Right Size Account for businessBusiness

  $6.00 a month · 4 transactions a monthCDIC insured

• Scotiabank Basic Business AccountBusiness

  $10.95 a monthCDIC insured

• Scotiabank Select Account for business, Plan ABusiness

  $20.00 a month · 25 transactions a monthCDIC insured

• Scotiabank Select Account for business, Plan BBusiness

  $40.00 a month · 70 transactions a monthCDIC insured

• Scotiabank Select Account for business, Plan CBusiness

  $75.00 a month · 125 transactions a monthCDIC insured

• Scotiabank Select Account for business, UnlimitedBusiness

  $120.00 a month · Unlimited transactionsCDIC insured

Comparing across institutions? Compare every account on what it would cost you, work out what a chequing account really costs, or browse the full directory.