Primary Savings Account
A savings account designed to support your healthy financial habits.
Is this Savings Account right for you?
![](/content/scotiabank/bb/en/personal/bank-accounts/savings-accounts/primary-savings-account/_jcr_content/main-par/section_container_co/section-container-par/row_copy/row-par-1/image_copy.img.png/1654029439839.png)
Right for you if you:
- Can benefit from 1 FREE branch/ cheque transaction1
- Want to earn interest on the money you save, but also want convenient and easy access to your money, whenever you need it
- Want free, unlimited deposits and self-service transfers between Scotia accounts
- Are interested in enrolling in the Scotiabank Savings Reward Plan2
![](/content/scotiabank/bb/en/personal/bank-accounts/savings-accounts/primary-savings-account/_jcr_content/main-par/section_container_co/section-container-par/row_copy/row-par-2/image_copy.img.png/1654029469191.png)
May not be right for you if you:
- Need an account for everyday banking transactions
- Want to earn higher interest the longer you save
Top reasons to choose this account.
![](/content/dam/icons/retail/96px/Index_96px.png)
Account benefits
- No monthly account fee if your daily balance remains above $300
- Unlimited transactions at Scotia ATMs, Scotia Point of Sale (POS) machines, the Scotia Caribbean App and Scotia OnLine Banking
![](/content/dam/icons/retail/96px/Investment_96px.png)
Grow your money
- FREE when you use Scotia ATMs, Scotia Point of Sale (POS) machines, the Scotia Caribbean App and Scotia OnLine Banking
- Eligible for enrollment in the Scotiabank Savings Reward Plan2
![](/content/dam/icons/retail/96px/Success_96px.png)
Scotia perks
- Monthly electronic statements
- Overdraft protection2
1
A per transaction fee will apply for branch/ cheque transactions (if allowance is exceeded).
2
Terms and conditions apply.
Tools and advice.
Choose an account that's right for you.
Compare our chequing and savings accounts.