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Scotiabank

Bank· Toronto, Ontario· Since 1832Open to all

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data as of 2026-10-16 · How we track rates

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About Scotiabank

Scotiabank (The Bank of Nova Scotia) is one of Canada's Big Five Schedule I chartered banks, founded in Halifax in 1832 and now headquartered in Toronto. A publicly traded company, it offers a full range of personal, commercial, wealth, and capital-markets services across Canada and internationally, with a significant presence in Latin America and the Caribbean.

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Access: Open to all Canadians

Eligible provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon

How to join: Open an account online or at any Scotiabank branch.

Deposit protection: Canada Deposit Insurance Corporation

$100,000 per insured category per member institution

How deposit insurance works →

Current top rates

data as of 2026-10-16
Best GIC · 5-year2.75%
Best mortgage · 5-year fixed6.19%
GIC ladderBest rate
1-year GIC2.45%
2-year GIC2.50%
3-year GIC2.60%
4-year GIC2.70%
5-year GIC2.75%

Base ladder rates. Institution may have more term rates below.

GIC rate history

Best historical posted GIC rate by term

Term
Latest2.45%Oct 16, 2026
Last change0.00%Oct 16, 2026
High2.45%Jul 16, 2026
Low2.45%Jul 16, 2026
4%3.13%2.25%1.38%0.50%Jul 26Aug 26Sep 26Oct 26

Tracked since Jul 16, 2026 · 34 snapshots

Term deposit rates

— not stated on sitedata as of 2026-10-16
Filter rates
TermRegistrationRedeemableCompoundingInterest paidMin–Max depositRate
Short-term — under 1 year
30–89 daysNon-regRRSPN—At maturity$5k – $499,999 · $2k+ reg2.00%
90–179 daysNon-regRRSPN—At maturity$5k – $499,999 · $2k+ reg2.20%
180 – 269 daysNon-regRRSPN—At maturity$5k – $499,999 · $2k+ reg2.30%
270 – 364 daysNon-regRRSPN—At maturity$5k – $499,999 · $2k+ reg2.40%
Long-term — 1 year +
1 yearNon-regcashable—Annually$1k – $500k1.90%
1 yearNon-regY—Monthly$100k – $499,9992.80%
12 – 16 monthsNon-regRRSPNAnnuallyAt maturity$1k – $499,999 · $500+ reg2.45%
1 – 2 yearsNon-regN—Semi-annually——AnnuallyAt maturitySemi-annuallyMonthly$1k – $499,999$1k – $499,999$1k – $499,999$5k – $499,9992.45%2.37%2.37%2.35%
1 – 2 yearsNon-regY—Semi-annuallyMonthly$1k – $499,999$5k – $99,9992.92%2.75%
16 – 18 monthsRRSPNAnnuallyAt maturity$500+ reg2.50%
485–544 daysNon-regNAnnuallyAt maturity$1k – $499,9992.45%
545–1094 daysNon-regRRSPNAnnuallyAt maturity$1k – $499,999 · $500+ reg2.50%
2 yearsNon-regY—Monthly$5k – $499,9992.85%
2 – 3 yearsNon-regN—Semi-annually——AnnuallyAt maturitySemi-annuallyMonthly$1k – $499,999$1k – $499,999$1k – $499,999$5k – $499,9992.50%2.42%2.42%2.40%
2 – 3 yearsNon-regY—Semi-annually$1k – $499,9993.02%
2–3 yearsNon-regY—Monthly$5k – $99,9992.85%
3 yearsNon-regY—Monthly$5k – $499,9992.90%
3 – 4 yearsNon-regRRSPNAnnuallyAt maturity$1k – $499,999 · $500+ reg2.60%
3 – 4 yearsNon-regN—Semi-annually——AnnuallyAt maturitySemi-annuallyMonthly$1k – $499,999$1k – $499,999$1k – $499,999$5k – $499,9992.60%2.52%2.52%2.50%
3 – 4 yearsNon-regY—Semi-annually$1k – $499,9993.07%
3–4 yearsNon-regY—Monthly$5k – $99,9992.90%
4 yearsNon-regY—Monthly$5k – $499,9992.95%
4 – 5 yearsNon-regRRSPNAnnuallyAt maturity$1k – $499,999 · $500+ reg2.70%
4 – 5 yearsNon-regN—Semi-annually——AnnuallyAt maturitySemi-annuallyMonthly$1k – $499,999$1k – $499,999$1k – $499,999$5k – $499,9992.70%2.62%2.62%2.60%
4 – 5 yearsNon-regY—Semi-annually$1k – $499,9993.12%
4–5 yearsNon-regY—Monthly$5k – $99,9992.95%
5 yearsNon-regRRSPNAnnuallyAt maturity$1k – $499,999 · $500+ reg2.75%
5 yearsNon-regY—Semi-annuallyMonthly$1k – $499,999$5k – $499,9993.17%3.00%
5–9 yearsNon-regN—Semi-annually——AnnuallyAt maturitySemi-annuallyMonthly$1k – $499,999$1k – $499,999$1k – $499,999$5k – $499,9992.75%2.67%2.67%2.65%
5–9 yearsNon-regNAnnuallyAt maturity$1k – $499,9992.75%
9 – 10 yearsNon-regNAnnually—Semi-annually——At maturityAnnuallyAt maturitySemi-annuallyMonthly$1k – $499,999$1k – $499,999$1k – $499,999$1k – $499,999$5k – $499,9992.80%2.80%2.72%2.72%2.70%
10 yearsNon-regNAnnually—Semi-annually——At maturityAnnuallyAt maturitySemi-annuallyMonthly$1k – $499,999$1k – $499,999$1k – $499,999$1k – $499,999$5k – $499,9993.00%3.00%2.92%2.92%2.90%

Savings & chequing rates

data as of 2026-10-16
Filter rates
TypeProductCalculatedPaidMin. balanceRate
Savings
SavingsMoney MasterDailyMonthly$00.01%
SavingsMoney MasterDailyMonthly$5,0000.01%
SavingsMoney MasterDailyMonthly$25,0000.01%
SavingsMoney MasterDailyMonthly$50,0000.01%
SavingsMoney MasterDailyMonthly$100,0000.01%
SavingsSavings AcceleratorDailyMonthly$00.10%
SavingsSavings AcceleratorDailyMonthly$5,0000.10%
SavingsSavings AcceleratorDailyMonthly$25,0000.10%
SavingsSavings AcceleratorDailyMonthly$100,0000.10%
SavingsSavings AcceleratorDailyMonthly$250,0000.10%
SavingsDaily Interest SavingsDailyMonthly$00.01%
SavingsMomentum Plus SavingsDailyMonthly$00.40%
SavingsMomentum SavingsDailyMonthly$00.05%
SavingsMomentum SavingsDailyMonthly$5,0000.05%
SavingsMomentum Savings Account Premium/BonusDailyMonthly$00.00%
SavingsMomentum Savings Account Premium/BonusDailyMonthly$5,0000.05%
SavingsScotia Power Savings AccountDailyMonthly$00.00%
SavingsScotia Power Savings AccountDailyMonthly$5,0000.01%
JuniorGetting ThereDailyMonthly$00.05%
JuniorGetting ThereDailyMonthly$5000.10%
SeniorBlue Chip Seniors SavingMonthlyQuarterly$500.07%
SeniorPlus Daily Int SavingsDailyMonthly$00.07%
SeniorPlus Power ChequingDailyMonthly$00.00%
SeniorPlus Power ChequingDailyMonthly$1,0000.00%
SeniorPlus Power ChequingDailyMonthly$3,0000.00%
SeniorPlus Power ChequingDailyMonthly$5,0000.00%
SeniorPlus Power ChequingDailyMonthly$10,0000.00%
SeniorPlus Power ChequingDailyMonthly$25,0000.00%
SeniorPlus US Savings/ChequingDailyMonthly$00.00%
SeniorPlus US Savings/ChequingDailyMonthly$1,0000.01%
SeniorPlus US Savings/ChequingDailyMonthly$5,0000.03%
SeniorPlus US Savings/ChequingDailyMonthly$10,0000.05%
SeniorPlus US Savings/ChequingDailyMonthly$25,0000.10%
SeniorPlus US Savings/ChequingDailyMonthly$60,0000.15%
SeniorScotia ValueDailyMonthly$00.00%
SeniorScotia ValueDailyMonthly$1,0000.00%
SeniorScotia ValueDailyMonthly$3,0000.00%
SeniorScotia ValueDailyMonthly$5,0000.00%
SeniorScotia ValueDailyMonthly$10,0000.00%
SeniorScotia ValueDailyMonthly$25,0000.00%
Chequing
ChequingPowerChequingDailyMonthly$00.00%
ChequingPowerChequingDailyMonthly$1,0000.00%
ChequingPowerChequingDailyMonthly$3,0000.00%
ChequingPowerChequingDailyMonthly$5,0000.00%
ChequingPowerChequingDailyMonthly$10,0000.00%
ChequingPowerChequingDailyMonthly$25,0000.00%
ChequingScotia OneDailyMonthly$00.00%
ChequingScotia OneDailyMonthly$10,0000.95%
ChequingStudent Bking AdvantageDailyMonthly$00.00%
ChequingStudent Bking AdvantageDailyMonthly$1,0000.00%
ChequingStudent Bking AdvantageDailyMonthly$3,0000.00%
ChequingStudent Bking AdvantageDailyMonthly$5,0000.00%
ChequingStudent Bking AdvantageDailyMonthly$10,0000.00%
ChequingStudent Bking AdvantageDailyMonthly$25,0000.00%
ChequingGain Plan Investment SvgDailyMonthly$00.00%
ChequingGain Plan Investment SvgDailyMonthly$5,0000.01%
ChequingGain Plan Investment SvgDailyMonthly$10,0000.01%
ChequingGain Plan Investment SvgDailyMonthly$25,0000.01%
ChequingGain Plan Investment SvgDailyMonthly$60,0000.01%
ChequingGain Plan Investment SvgDailyMonthly$75,0000.01%
ChequingGain Plan Investment SvgDailyMonthly$100,0000.01%
USDU.S Daily Interst Chqg.DailyMonthly$00.00%
USDU.S Daily Interst Chqg.DailyMonthly$1,0000.01%
USDU.S Daily Interst Chqg.DailyMonthly$5,0000.03%
USDU.S Daily Interst Chqg.DailyMonthly$10,0000.05%
USDU.S Daily Interst Chqg.DailyMonthly$25,0000.05%
USDU.S Daily Interst Chqg.DailyMonthly$60,0000.05%
RRSP
RRSPSavings Accelerator - RRSPDailyMonthly$00.25%
RRSPSavings Accelerator - RRSPDailyMonthly$5,0000.25%
RRSPSavings Accelerator - RRSPDailyMonthly$25,0000.25%
RRSPSavings Accelerator - RRSPDailyMonthly$100,0000.25%
RRSPSavings Accelerator - RRSPDailyMonthly$250,0000.25%
RRSPRRSP SavingsDailySemi-annually$00.02%
RRSPRRSP SavingsDailySemi-annually$5,0000.02%
RRSPRRSP SavingsDailySemi-annually$25,0000.02%
RRSPRRSP SavingsDailySemi-annually$50,0000.02%
RRSPRRSP SavingsDailySemi-annually$100,0000.02%
RESP
RESPSavings Accelerator - RESPDailyMonthly$00.25%
RESPSavings Accelerator - RESPDailyMonthly$5,0000.25%
RESPSavings Accelerator - RESPDailyMonthly$25,0000.25%
RESPSavings Accelerator - RESPDailyMonthly$100,0000.25%
RESPSavings Accelerator - RESPDailyMonthly$250,0000.25%
RESPRESP Investment CashDailyMonthly$00.02%
RESPRESP Investment CashDailyMonthly$5,0000.02%
RRIF
RRIFSavings Accelerator - RRIFDailyMonthly$00.25%
RRIFSavings Accelerator - RRIFDailyMonthly$5,0000.25%
RRIFSavings Accelerator - RRIFDailyMonthly$25,0000.25%
RRIFSavings Accelerator - RRIFDailyMonthly$100,0000.25%
RRIFSavings Accelerator - RRIFDailyMonthly$250,0000.25%
RRIFRRIF SavingsDailySemi-annually$00.02%
RRIFRRIF SavingsDailySemi-annually$5,0000.02%
RRIFRRIF SavingsDailySemi-annually$25,0000.02%
RRIFRRIF SavingsDailySemi-annually$50,0000.02%
RRIFRRIF SavingsDailySemi-annually$100,0000.02%
TFSA
TFSASavings Accelerator - TFSADailyMonthly$00.25%
TFSASavings Accelerator - TFSADailyMonthly$5,0000.25%
TFSASavings Accelerator - TFSADailyMonthly$25,0000.25%
TFSASavings Accelerator - TFSADailyMonthly$100,0000.25%
TFSASavings Accelerator - TFSADailyMonthly$250,0000.25%
TFSATax Free Savings AccountDailyMonthly$00.01%
Other accounts
OtherBlue Chip Monthly SavingMonthlyQuarterly$00.00%
OtherBlue Chip Monthly SavingMonthlyQuarterly$500.01%

Mortgage rates

data as of 2026-10-16
Filter rates
TermTypeOpen / closedInsuredPosted rate
6-monthFixedOpenNo9.75%
1-yearFixedOpenNo9.75%
6-monthFixedClosedNo6.09%
1-yearFixedClosedNo5.49%
2-yearFixedClosedNo5.24%
3-yearFixedClosedNo6.05%
4-yearFixedClosedNo6.09%
5-yearFixedClosedNo6.19%
7-yearFixedClosedNo6.40%
10-yearFixedClosedNo6.80%
No set termVariableOpenNo7.65%
No set termVariableClosedNo4.90%

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