|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
|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.
|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.