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Scotia Power Savings Account Info & Reviews

Financial Products > Savings Accounts > Scotia Power Savings Account
Detailed information, reviews and ratings for the Scotia Power Savings Account.
Useful when comparison shopping for a new canadian savings account.

Information about the Scotia Power Savings Account

Product NameScotia Power Savings Account
Available InCanada (All Provinces)
Offered ByBank of Nova Scotia
Product PageScotia Power Savings Account
Interest Rate0 - $4 999.99: 0 %
$5 000.00 and Up: 0.02 %  Interest Rate Decreased from 0.1 % to 0.02 % on October 27, 2017


Chart of historical values for the Scotiabank Power Savings Account Tier 2 Rate
  • 1 Year
  • 3 Years
  • 5 Years
  • 10 Years
  • All Data
Minimum Balance$5000
Withdrawal Fee$0
Other FeesFree Transfers to and from another Scotiabank Account
All other Debit Transactions: $5.00
Fund TransfersTo or From another Scotiabank Account
Cash Withdrawals (at ABM or Branch)
Direct Debit (i.e. Debit Card)
Bill Payments (Online, ABM and at Branch)
Cheque Withdrawal
Deposit InsuranceCDIC
Additional NotesInterest is tiered.
Once the first tier is reached (currently $5000.00), the rate of interest for that tier applies to the entier account balance (not only to amounts over and above $5000.00)
Please Note: This database is intended to help you explore your options when looking for a financial product. Product features and information can change faster than we can update our database and we cannot guarantee the accuracy of the information in the above table.
Always visit the financial institutions product page and carefully review the information there before making a final decision.

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