Scotia Power Savings Account
Right for you if:
You are looking for tiered interest rates
You want to access your account at ATMs and in branches
With a Scotia Power Savings Account, your money grows by accumulating interest. Scotiabank offers you tiered interest rates on every dollar in your account. The more you save, the more interest you earn.
Fees and Terms
Minimum opening balance of $1,000
Access your funds via multiple channels
Three free withdrawals per month
Minimum opening and account balance of $1,000
Access your Scotia Power Savings Account using ATMs, Scotia OnLine, Scotia Mobile, and at Scotiabank branchess
Up to three free withdrawals per month and $1.00 for each additional withdrawal
Requirements for residents:
Two (2) forms of personal ID (both with photo)
Three (3) personal references
A copy of a water, electricity, or telephone bill (to confirm your current address, even if the bill isn't in your name)
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How Much Should You Save?
Use our Scotiabank Savings Calculator to see how saving on a regular basis can help you achieve your short- and long-term financial goals.