Scotiabank Savings Accelerator Account
0.10%
Interest rate
$0
Monthly fee
A no-fee Scotiabank savings account available for registered and non-registered plans.
Interest rate
Key features
- No fee, no minimum
- Unlimited free transfers to Scotia accounts
- Available for registered and non-registered plans
- Savings-only (no ABM/debit)
- CDIC insured
Interest Rate
The Scotiabank Savings Accelerator Account earns 0.10% interest on non-registered deposits.
The account is also available within registered plans, where the rate can run slightly higher. It's worth checking Scotiabank's live rates page for the current figures, as savings rates move with the market.
Fees
There's no monthly fee on the Savings Accelerator Account, and no minimum balance is required to open or maintain it.
Transfers to your other Scotiabank accounts are free and unlimited, so moving money in and out won't cost you anything.
Account Features
The Savings Accelerator Account is a pure savings vehicle. There's no debit card or ABM access attached, so it's designed as a place to park money rather than a spending account.
One of its distinguishing traits is flexibility across account types. You can hold it as a regular non-registered account or open it inside a registered plan.
Keep in mind that Scotiabank doesn't offer a retail product called a High Interest Savings Account. The Savings Accelerator and MomentumPLUS accounts fill that role in the lineup.
Deposits are eligible for CDIC coverage.
Legal Disclaimers
Terms and conditions apply. The information for the Scotiabank Savings Accelerator Account has been collected independently by Prince of Travel and is not provided or reviewed by Scotiabank. Offers, rates, and fees are subject to change — always confirm details on the financial institution's website before applying.
Last updated: July 8, 2026