Scotia savings accelerator

Set up your automatic investment plan. Regular contributions give you the benefits of compounding returns.

First Home Savings account offers eligible Canadians the ability to grow their investments tax-free, and allows tax-free withdrawals towards the purchase of their first home. For those ready to get started on their home savings journey, Scotiabank is offering an interest rate of 5. Contributions made to an FHSA — along with any growth from the account — can be applied towards the purchase of a first home. Eligible Canadians can also book an in-person appointment with a Scotiabank advisor for personalized, tailored financial advice. Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Scotia savings accelerator

Use this helpful account table to compare the different account options available to you. From registered accounts like RRSPs to non-registered accounts like cash or margin, the choices available to you are vast. This comparison can help you determine the best account option to meet your needs. Contributions are not tax deductible, but any interest income, dividends and capital gains earned are tax free. Learn more about TFSA. Contributions are tax deductible up to individual limits. Interest, capital gains and dividends are tax-deferred until withdrawal. Learn more about RSP. Investment growth is tax-free until withdrawn and the government will match a percentage of your contribution each year. Grants and investment returns are taxed to child at their applicable income tax rate. Learn more about RESP. Borrow against the value of your cash and securities, to invest.

Open a bank account without proof of address. Dive deeper Scotia U.

For those ready to get started on their home savings journey, Scotiabank is offering an interest rate of 5. Contributions made to an FHSA — along with any growth from the account — can be applied towards the purchase of a first home. Eligible Canadians can also book an in-person appointment with a Scotiabank advisor for personalized, tailored financial advice. Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Add to a list Add to a list. To use this feature you must be a member.

Don't have an account? Become a Scotia customer. Explore investment plans and products. For a limited time, earn an interest rate of 5. Instantly get notified when important activity happens on your account with Scotia InfoAlerts.

Scotia savings accelerator

Special offer: From February 1 to May 31, earn an interest rate of up to 5. The bonus interest rate of 4. The bonus interest earned during the Bonus Rate Period will be calculated daily and paid monthly. All interest rates described here in are annual rates. Earn a competitive interest rate on your money as it grows, with no monthly account fee. From February 1 to May 31, earn an interest rate of up to 5. Add an investment product to grow your money faster, such as mutual funds or GICs.

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By Claire Horwood. Bitcoin USD 67, All product names, logos, and brands have been used for identification purposes only and are property of their respective owners. Top Canadian bank. Automated savings program available. Most financial institutions in Canada do not charge monthly fees for savings accounts, but there might be fees for certain types of transactions or a limit on the number of free transactions you get per month. Depending on your savings goals, this type of introductory interest rate might work for you. Compare bank interest rates. Many banks and credit unions list these requirements on their websites, or you can contact them to ask about this option. You can score an even higher rate for a limited time by taking advantage of an attractive offer for new account holders. Market Closed - Toronto S. Getting started. Get a high interest rate on your savings 6. You can withdraw cash from your account at any time.

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Interest Rate varies by selected subscription plan. Free financial education. Read our disclosure. Our verdict In this guide Our verdict Your reviews. Scotiabank Savings Accelerator Account. Very Unlikely Extremely Likely. Silver KOHO is a virtual bank that also offers cash back prepaid Mastercards cards. TSX edges lower as investors weigh bank earnings. Manage your money by phone or through online banking. The process should only take a few minutes, but you will need to meet a few requirements and share some personal information. Up to 4. Terms and conditions apply. Immediate access to your money through withdrawals, transfers to linked accounts, and more.