MomentumPLUS Savings Account
CDIC Insured
A unique savings account that pays higher interest the longer you leave your money untouched.
Current Interest Rate
5.4%
Promo Rate
Calculate Your Returns with Scotia Bank
$
Total Interest Earned
$553.57
Based on 5.4% interest rate over 12 months
Key Account Facts
Monthly Fees
$0
Min Deposit
$0
Transactions
Limited
Transfer Time
Instant (Internal)
The Good
- Rewards long-term savings
- Bonus rates available
- Good integration with Scotiabank
The Bad
- Complex rate structure
- Penalty for early withdrawal (loss of bonus)
- Base rate is low
Frequently Asked Questions
How does MomentumPLUS work?
You earn a base rate plus a 'Premium' rate if you don't withdraw for 90, 180, or 360 days.