Welcome offer $1,000 value
Earn up to $1,000 by bundling an eligible Scotiabank banking package, savings account and credit card. Eligibility requirements and terms apply.
Save Smarter and Earn Up to $1,000 When You Bundle. Terms apply.
Savings Account
CAD
CDIC Eligible
Scotiabank®
Scotiabank® Money Master Savings Account
The Scotiabank® Money Master Savings Account offers flexible saving with no monthly fee and no minimum balance. Earn interest on every dollar, make no-fee transfers to your other Scotiabank accounts and use smart savings tools to automate your progress. Enrolling in an eligible Smart Savings Tool can increase the account’s total interest rate to 0.50%.
Interest rate
0.01%
Monthly fee
No monthly fee
Transactions
Pay per use
Minimum deposit
$0
CURRENT OFFERS
Promotions and account value
EARNINGS
Rates and interest details
Rate option 1
0.01%
COSTS
Fees and account limits
Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsPay per use
Bundled productNo
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| Monthly Maintenance FeeNo monthly account fee. | - | Unlimited | - |
| Per-Transaction FeeA $5 service charge applies to each debit transaction. Transfers to other Scotiabank accounts are free. | - | Per Use | $5.00 |
ACCOUNT EXPERIENCE
Features and benefits
Earn interest
No Monthly Fees
Eligible for CDIC Protection
Indicates that eligible funds or deposits may qualify for CDIC protection through a CDIC member institution, subject to CDIC limits and conditions.
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 accessYes
CDIC Eligible: Indicates that eligible funds or deposits may qualify for CDIC protection through a CDIC member institution, subject to CDIC limits and conditions.
COVERAGE
Registration, networks and availability
Registration options
- NONREGNon-Registered
REPUTATION
Ratings and reviews
Ratings may be collected from different sources and at different times. Review the provider’s current terms and independent feedback before applying.
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.