Scotiabank MomentumPLUS Savings Account 2026 Review

Interest Rate
4.65%
Monthly Fee
CA$0
Welcome Bonus
4.05% Welcome Bonus Interest Rate for the first 3 months
Apply Now →on Scotiabank's website
Transaction limit:Unlimited self-service transfers between Scotiabank accounts
Minimum Deposit:CA$0

Interest Rate:

4.65%

Welcome Bonus: 4.05% Welcome Bonus Interest Rate for the first 3 months

This bonus applies to new customers or those who have not held this account in the past 2 years, calculated daily and paid monthly.

Monthly Fee:

CA$0

Minimum Deposit:

CA$0

Transaction Limits:

Unlimited self-service transfers between Scotiabank accounts

The Scotiabank MomentumPLUS Savings Account stands out as the top choice because it offers a high promotional interest rate of 4.65% for a limited time, combined with no monthly fees and no minimum balance requirements. This account is particularly attractive for those looking to maximize their savings without incurring additional costs.

Pros:

  • High APY
  • No monthly fees

Cons:

  • Limited branches
learn more about this bank account on Scotiabank's website →

In conclusion, the Scotiabank MomentumPLUS Savings Account is an excellent option for individuals seeking to grow their savings with a competitive APY of 4.65% and no monthly fees, making it ideal for both short-term savers and long-term planners alike. Its welcoming bonus further enhances its appeal, providing a strong incentive for those ready to start saving.

Frequently Asked Questions

Related Guides