Scotiabank Momentum PLUS Savings Account 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer

Scotiabank Momentum PLUS Savings Account4.8/5

Scotiabank

Interest Rate
4.65%
Monthly Fee
CA$0
Welcome Bonus
4.05% to 4.75% for the first 3 months
Apply Now →on Scotiabank's website
Transaction limit:Unlimited self-service transfers between Scotiabank accounts
Minimum Deposit:CA$0

Annual Percentage Yield (APY):

4.65%

Welcome Bonus: 4.05% to 4.75% for the first 3 months

Available on new accounts opened.

Monthly Fee:

CA$0

Minimum Deposit:

CA$0

Transaction Limits:

Unlimited self-service transfers between Scotiabank accounts

The Scotiabank Momentum PLUS Savings Account stands out as the top choice because it offers a competitive interest rate of up to 4.75% for those with an Ultimate Package, combined with no monthly fees and no minimum balance requirements. This account is designed to reward savers who can keep their funds untouched for longer periods, making it an excellent option for maximizing savings.

Pros:

  • High interest rate
  • No monthly fees

Cons:

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

In conclusion, the Scotiabank Momentum PLUS Savings Account is an ideal choice for savers looking to earn a competitive interest rate without incurring monthly fees, particularly those who can maintain their funds over time. Its attractive welcome bonus and flexible terms make it a smart option for maximizing savings potential.

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