Offer summary
Earn up to 4.75% interest for a limited time when bundled with an Ultimate Package.
Savings Account
CAD
CDIC Insured
Scotiabank
MomentumPLUS Savings Account
A high-interest savings account that rewards you with higher interest the longer you save. No monthly fee and no minimum balance required.
Rate up to
4.75%
Monthly fee
No monthly fee
Transactions
Not listed
Minimum deposit
$0
CURRENT OFFERS
Promotions and account value
EARNINGS
Rates and interest details
Promotional rate
0.4%
Promotional
- Promo duration
- 3 months
Get a 4.05% welcome bonus interest rate on eligible deposits for the first 3 months.
Balance-tier schedule
| Balance | Standard rate | Boosted rate | Condition |
|---|---|---|---|
| $0+ | 0.4% | 4.75% | Requires 90-day premium period, Ultimate Package, and includes 4.05% 3-month welcome bonus. |
COSTS
Fees and account limits
Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsNot listed
Bundled productNot specified
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| Monthly Maintenance FeeNo monthly account fees. | - | Unlimited | - |
| Per-Transaction FeeUnlimited self-service transfers between your Scotia accounts. Not designed for everyday debit purchases. | - | Per Use | - |
ACCOUNT EXPERIENCE
Features and benefits
No Monthly Fees
Welcome Bonus Offer
No minimum balance
Mobile Cheque Deposit
Online and Mobile Banking
Online and Mobile Banking
CDIC Insured
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessNot specified
CDIC Insured: This product is identified as eligible for CDIC deposit protection, subject to applicable limits and conditions.
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.