Scotia High Interest Savings Account
Promotional rate
2.8%
for 3 months
1.5% after the promotional period
- Transactions: Unlimited Transactions - Not included
- Interac e-Transfers: Unlimited Interac e-Transfers - Not included
- Interest: Paid monthly
- Monthly fee
- $0
- Regular rate
- 1.5%
- Deposit insurance
- CDIC Protected
Reviewed by the CreditCardGuru Editorial Team
At a glance
- Promotional rate
- 2.8%
- Regular rate
- 1.5%
- Monthly fee
- $0
- Promo duration
- 3 months
- Interest paid
- Paid monthly
- Deposit insurance
- CDIC Protected
Account details
- Monthly fee
- $0
- Regular rate
- 1.5%
- Promotional rate
- 2.8%
- Promo duration
- 3 months
- Rate tiers
- Interest Rate Based on Balance (up to 2.20%)
- Transactions included
- Unlimited Transactions - Not included
- Interac e-Transfers
- Unlimited Interac e-Transfers - Not included
- E-statements
- Not included
- Interest calculated
- Interest calculated daily
- Interest paid
- Paid monthly
- Deposit insurance
- CDIC Protected
- Other benefits
- Funds Accessible at All Times; Free Transfers Between Your Scotiabank Accounts
Pros & cons
Pros
- No monthly fee
- Promotional rate of 2.8%
Cons
- Limited transactions
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but Scotiabank can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on Scotiabank's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and Scotiabank's own criteria. Bonuses often exclude anyone who has held the account before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with Scotiabank. Trademarks belong to their respective owners.
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See detailsWritten by
CreditCardGuru Editorial Team
Rewards & Cards Research
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Cite this page
“Scotia High Interest Savings Account Review (2026)” — CreditCardGuru, https://creditcardguru.ca/banking/scotiabank-high-interest-savings-account, updated August 19, 2026.