The Scotia High Interest Savings Account offers a high interest rate – up to 2.2%. But it's a tiered system, which means you'd need at least $500,000 stashed in there to get that rate . If you have less than $10,000 deposited you won't earn any interest at all.
There is a promo to get you started: In your first 5 months, you'll earn an additional 2.8% interest, no matter what you have deposited.
Scotia High Interest Savings Account features
Here are the main features of the Scotia High Interest Savings Account account.
Why You Want It
Up to 2.2% interest + Bonus 2.8% for 5 months.
Provinces
ALL
Features
# Of Free Transactions
N/A
# Of Free Interac E-Transfers
N/A
Max Promotion Rate
2.8%
Welcome Bonus Value
N/A
Promo End Date
N/A
Scotia High Interest Savings Account product rating: 3.3 stars
There are things the Scotia High Interest Savings Account does well. The interest rates are high – upwards of 2.2%. There are no fees or minimum balances to keep the account going, and you can move money to your other Scotia accounts as often as you like. But the downside is that you won't earn any interest at all if your balance is less than $10,000.
Rating methodology
To get our Genius Rating, we look at all the features of what a savings account offers – the various interest rates, fees, and how easy it is to move your money around. We compare these features to other savings accounts and compare each feature out of 5. We then run these through our algorithm to get a final rating out of 5.
Learn more about our rating methodology.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
Hot Money Deals This Month
- Get even more cash back with exclusive offers only available on the GeniusCash app
- Explore bigger GeniusCash offers that you won't find anywhere else.
- Connect your credit cards and unlock bonus cash.
- Explore customized recommendations to level up your rewards.
- Refer your friends and family to earn bonus levels and extra cash back.
- Take control of your money with a full-featured chequing account + $100 GeniusCash
- Get up to $700 in cash when you open a new account and complete specified actions.
- Unlimited free transactions – including debit and Interac e-Transfers®.
- Earn Scene+ points on every debit transaction.
- $100 GeniusCash on approval – ends June 30, 2026.*.
- New members can get up to $450 + Free identity theft protection + $125 GeniusCash
- Get up to $450 in cash when you open a new account and other products.
- Unlimited transactions and Interac e-Transfers.
- Pay no monthly fee if you maintain a balance of $4,000.
- $125 GeniusCash on approval – ends June 30, 2025.*.
- Get the #1 free chequing account plus a $250 cash bonus
- Get up to $250 in cash when you open a new account and complete a few actions.
- Unlimited transactions and Interac e-Transfers.
- Earn up to 0.1% interest on your balance, rare for chequing accounts.
- $40 GeniusCash on approval – ends June 30, 2026.*.
- Bonus: Get one of the lowest brokerage rates from an online broker from a Big 5 Bank →
