Note : Click to application page from GCR before filling application
Apply for a Money Master Savings Account
Earn interest on every dollar you save
Saving made easy with Bank the Rest or automatic contributions
Convenient and easy access to your money, whenever you need it
Unlimited no-fee transfers to your other Scotiabank accounts
No monthly account fees
Smart tools that do the saving for you
Pay Yourself First and Savings Finder are two smart savings tools by Advice+ available for free on the Scotia app.
These tools help you reach your savings goals by automatically moving money between your eligible Scotia chequing account and your Money Master Savings Account based on your income, spending, and the targets you set.
Pay Yourself First
Best for regularly recurring deposits like payroll.
This tool helps you set up automatic transfers from payroll or other income deposits in your chequing account into your Money Master savings account.
Your money is moved only when it appears you can afford it.
The amount transferred from chequing to savings will change depending on the transaction activity in your chequing account, including spending patterns, expenses, and incoming funds but will not be more than the amount or percentage you set.
After each transfer, you’ll receive a notification in the Scotia app letting you know the amount.
Savings Finder
Best for fluctuating income and expenses.
This tool looks at your source of income and cash flow to identify opportunities to save small amounts of money you can afford, when it appears that you can afford it. You set your monthly savings target, and Savings Finder will do the rest.
Funds won’t be transferred more than three times a week and no more than $75 per transaction. Savings Finder won’t transfer more than the monthly savings target you set when you enrolled.
Receive monthly notifications in the Scotia app letting you know the total amount that was transferred from your chequing account to your Money Master savings account.
How to Get Started
1. Open a Money Master Savings Account & an eligible Scotia chequing account
2. Download the Scotia app
3. Enrol in one of the smart savings tools by tapping on Advice+ within the Scotia app
4. Once enrolled, set up your monthly savings goal (an amount or % for Pay Yourself first, and an amount for Savings Finder)
*Note: Savings Finder is the only smart savings tool available if you’re opening a new chequing account, but you’ll be able to switch to Pay Yourself First after 90 days if you have a recurring deposit.
You’re in control with access to your savings, customizable settings, and the flexibility to opt out at any time. Plus, when you enrol you get an ongoing interest rate boost of 0.39% on your Money Master account, for a total interest rate of 0.40% while you remain enrolled. Rates are subject to change.
Additional terms apply. See https://www.scotiabank.com/ca/en/personal/bank-accounts/savings-accounts/money-master-savings-account.html for full details.
★ PLEASE READ TO MAKE SURE YOU GET A CASH BACK REBATE:
Cash back Rebates will be paid by Great Canadian Rebates under the following rules:
1. Applicants must apply through an online link from Great Canadian Rebates.
2. Rebates are for applications started and approved online.
3. DO NOT leave the application before completing. This includes browsing elsewhere.
4. If application session expires, a new session must be started. Start over by clicking on the link from Great Canadian Rebates.
5. Activation of the Account by the account holder.
6. Cashback may end at any time and is at the discretion of the GCR and only available to Great Canadian Rebates members.
7. Cash Back Rebate is for first time Scotiabank bank account holders. One rebate PER person for only first Scotia bank account opened.
8. Cash Back Rebate is from GCR and will be posted to your GCR account upon account approval.
NOTE: You must reply to GCR within 3 months from application date to report a missing rebate, otherwise the rebate is void.
Rebate Currency Exchange :NONE
Automatically save with Scotia's smart savings tools and Bank the Rest program. Earn interest, no monthly account fees and access your money anytime.
Get 25% Referral Bonus Get paid in cash 25% of all cash back rebates all your referrals collect
Great Canadian Rebates works in partnership with over 900 well known merchants. These outlets already offer great deals and savings, you save even more when you shop online as a member here. Once you register, you can save through Cash Back Rebates and even more using our coupons, deals, discounts and sales links.
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