Savings Account CAD CDIC Insured
Scotiabank

Money Master Savings Account

Build your savings automatically while having access to your money at any time. Features smart savings tools like Pay Yourself First and Savings Finder.

Rate up to 0%
Monthly fee No monthly fee
Transactions Not listed
Minimum deposit $0
CURRENT OFFERS

Promotions and account value

Offer summary

Earn up to $700 when you bundle an eligible banking package, savings account, and registered account.

Welcome offer $700 value

Earn up to $700 when you bundle an eligible banking package, savings account, and registered account.

Additional promotion

Earn an ongoing interest rate boost when you enrol in a smart savings tool.

EARNINGS

Rates and interest details

A specific interest rate is not currently listed for this product.

Balance-tier schedule

BalanceStandard rateBoosted rateCondition
$0+ 0% Ongoing interest rate boost when enrolled in Pay Yourself First or Savings Finder tools.
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

FeeAmountFrequency or allowanceAdditional use
Monthly Maintenance FeeNo monthly account fees. - Unlimited -
Per-Transaction FeeUnlimited no-fee transfers to other Scotia accounts. A $5.00 fee applies to all other debit transactions (ABM withdrawals, purchases, bill payments, cheques). - Per Use $5.00
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.

Product information last reviewed or updated Mar 12, 2026.