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Scotiabank
Scotia High Interest Savings Account promotional rate
On $10,000, you'd earn about
$106
over 90 days, before tax
How it works
- Promo rate
- 0% to 5% depending on everything you hold with them
- For
- 90 days from when you open the account
- Up to
- $5,000,000
- Who can get it
- Anyone who hasn't had this account before
- After the promo
- 0% to 2.2% depending on your balance
- Account types
- Non-registered
- Insured by
- CDIC, up to $100,000 per insured category
Conditions
- Total relationship balance must be at least $10,000 to earn promotional interest
The catch: Earns 0% if total relationship balance is under $10,000; excluded if you held HISA or MomentumPLUS in last 2 years.
From the bank's page10 quotes
- Rate, tier 1“You will not earn any interest on the funds in your Scotia HISA on the days when your Total Relationship Balance1 is below the $10,000 threshold.”
- Rate, tier 2“A promotional rate of 2.80% (the “Promotional Rate”) will apply to eligible deposits made to a new HISA for a period of 90 days starting from the date the Account was opened (the “Promotional Rate Period”), up to a maximum HISA balance of CAD $5,000,000.”
- Rate, tier 3“A promotional rate of 2.80% (the “Promotional Rate”) will apply to eligible deposits made to a new HISA for a period of 90 days starting from the date the Account was opened (the “Promotional Rate Period”), up to a maximum HISA balance of CAD $5,000,000.”
- Rate, tier 4“A promotional rate of 2.80% (the “Promotional Rate”) will apply to eligible deposits made to a new HISA for a period of 90 days starting from the date the Account was opened (the “Promotional Rate Period”), up to a maximum HISA balance of CAD $5,000,000.”
- Rate, tier 5“A promotional rate of 2.80% (the “Promotional Rate”) will apply to eligible deposits made to a new HISA for a period of 90 days starting from the date the Account was opened (the “Promotional Rate Period”), up to a maximum HISA balance of CAD $5,000,000.”
- Who can get it“Individuals who are currently or were previously holders of a MomentumPLUS Savings Account and/ or a Scotia HISA within the last 2 years are not eligible for the Offer.”
- How long“A promotional rate of 2.80% (the “Promotional Rate”) will apply to eligible deposits made to a new HISA for a period of 90 days starting from the date the Account was opened (the “Promotional Rate Period”), up to a maximum HISA balance of CAD $5,000,000.”
- Cap“A promotional rate of 2.80% (the “Promotional Rate”) will apply to eligible deposits made to a new HISA for a period of 90 days starting from the date the Account was opened (the “Promotional Rate Period”), up to a maximum HISA balance of CAD $5,000,000.”
- Condition“The Promotional Interest Rate will only be applied to the HISA when the Total Relationship Balance is greater than CAD $10,000.”
- Rate after the promo“After the Promotional Rate Period ends, any balance in your HISA will earn interest at the then current posted Regular Interest Rate for the HISA (assuming your Total Relationship Balance is greater than CAD $10,000).”
Source: www.scotiabank.com
Compounded monthly, before tax. The bank calculates daily, so yours will differ slightly. Last checked Oct 9, 2026.