| Product Name | Scotiabank Momentum Savings Account |
| Available In | Canada (All Provinces) |
| Offered By | Bank of Nova Scotia |
| Product Page | Scotiabank Momentum Savings Account |
| Interest Rate | $0 - $4,999: 0.05 %  Interest Rate Decreased from 0.1 % to 0.05 % on October 1, 2015
$5,000 or more: 1.5 % Interest Rate Decreased from 1.6 % to 1.5 % on August 8, 2019
 - 1 Year
- 3 Years
- 5 Years
- 10 Years
- All Data
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| Minimum Balance | $5000 |
| Withdrawal Fee | $5 |
| Other Fees | $5.00 for any transaction other than a withdrawal to another account at Scotiabank that is in your own name.
$0.00 for transfers to and from another account that is in your own name. |
| Fund Transfers | To and from another Scotiabank account in the same name.
ABM Withdrawals
Bill Payments
Direct Deposit
Interac eTransfer |
| Deposit Insurance | CDIC |
| Additional Notes | The rate of interest for amounts greater than $5000.00 only applies if no withdrawals are made for 90 days. If withdrawals are made, a lower rate of interest is paid. As well, the bonus interest is paid seperately when 90 days have passed.
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