Scotia High Interest Savings Account
ScotiabankThe highest headline promo rate, though it runs for only three months and needs a relationship balance.
Promo rate requires a $10,000 Total Relationship Balance across Scotiabank accounts.
Rate verified August 3, 2026 · confirm with Scotiabank before applying.
What this account could grow to
Pre-filled with the ongoing rate of 2.2%. Promotional rates don't last, so the ongoing figure is the honest basis for a long-term projection.
Run the numbers
Frequently asked questions
What interest rate does the Scotia High Interest Savings Account pay?
It pays a promotional 5% for the first 3 months, then reverts to 2.2%. Promotional rates are the headline, but the ongoing rate is what matters if you're leaving money there long term.
Are there fees or minimums on the Scotia High Interest Savings Account?
There's no monthly fee, and you need a minimum balance of $10,000. Deposits are CDIC insured up to the applicable limits.
How current is this rate?
We last verified it on August 3, 2026. Rates on deposit accounts move frequently, so confirm the current figure with Scotiabank before you apply.
Other savings accounts
Researching and writing about Canadian personal finance since 2026.
Last reviewed August 2026 · How we research
“Scotia High Interest Savings Account.” VaultNerd, https://www.vaultnerd.com/ca/savings-accounts/scotia-high-interest-savings, updated August 2026.
- Scotiabank published product and rate pages
- VaultNerd products database