Premium Savings Account

Right for you if: 

  • You want to earn the highest interest possible

  • You plan to maintain a balance of $5,000 or more

  • The Premium Savings Account offers one of our highest interest rates for balances of $5,000 or more. Plus:

  • No monthly fee1, when you maintain a minimum daily balance of $1,000

  • Unlimited electronic transfers between your Scotiabank accounts

  • Printed statements for easy record keeping

  • Fees and Terms


    1 debit transaction included each month


    No charge for deposits


    Unlimited electronic transfers between Scotiabank accounts

    Earn a premium rate of interest on balances of $5,000 and above. Interest is calculated on the daily balance and paid monthly, plus: 

  • No monthly fee when you maintain a minimum daily balance of $1,000 or more1

  • One debit transaction2 included each month through any channel 

  • Monthly statements for your records 

  • Unlimited electronic transfers between Scotiabank accounts 

  • No charge for deposits

  • Additional Information

    Compare Accounts and Fees

    Scotiabank's Automatic Savings Plan (ASP) can help you save for a specific goal over a period of time by making regular, automatic contributions on your behalf.

    An ASP automatically deducts a specified amount on a regular basis from your Checking or Savings Account, and deposits it directly into your destination account.

  • You can choose to invest weekly, bi-weekly, monthly, quarterly, semi-annually, or annually

  • Scotiabank will automatically transfer the money into the Scotiabank account you choose

  • You can change how much and how often you contribute at any time, or cancel the service by advising us in writing

  • By making regular contributions, you build your savings while earning a real return on the amount already contributed. As a result of this compounding, your portfolio has the potential to grow faster than if you made a single lump-sum contribution. 

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