Rate option 1
Not listed
- Compounding
- Monthly
- Calculation
- Daily Closing Balance
Business Savings Account
CAD
CDIC Insured
Scotiabank
Scotiabank Right Size Savings for business
Grow your savings with our simple and convenient savings account. Earn a higher interest rate as your balance grows with progressive tiers.
Rate up to
2.15%
Monthly fee
No monthly fee
Transactions
Not listed
Minimum deposit
$10,000
EARNINGS
Rates and interest details
Balance-tier schedule
| Balance | Standard rate | Boosted rate | Condition |
|---|---|---|---|
| $0 – $99,999.99 | 1.5% | — | Progressive Tier: Min $10,000 total balance to earn interest. |
| $100,000 – $199,999.99 | 1.65% | — | Progressive Tier |
| $200,000 – $999,999.99 | 1.9% | — | Progressive Tier |
| $1,000,000 – $2,000,000 | 2.15% | — | Progressive Tier (Max $2,000,000) |
COSTS
Fees and account limits
Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$10,000
Maximum depositNot listed
Included transactionsNot listed
Bundled productNot specified
ACCOUNT EXPERIENCE
Features and benefits
No Monthly Fees
No monthly account maintenance fee.
Online and Mobile Banking
Unlimited FREE Canadian Dollar self-service transfers.
CDIC Insured
Eligible for CDIC Insurance.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appNot specified
Online bankingYes
Branch accessYes
CDIC Insured: Eligible for CDIC Insurance.
COVERAGE
Registration, networks and availability
Registration options
- CORPORATECorporate / Non-Personal
IMPORTANT INFORMATION
Terms and disclosures
Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with Scotiabank before opening the account.