- Link:
- https://www.scotiabank.com/ca/en/person … lsrc=aw.ds
- Retailer:
- Scotiabank
The Bonus Interest Rate Offer (the “Offer”) is applicable to New Funds deposited between April 1, 2021 and August 31, 2021 (the “Offer Period”) into a new or existing Scotiabank MomentumPLUS Savings Account.
Max $5,000,000
Regular Interest Rate (0.05%)
Premium Period Interest Rate (up to 0.45%, based on the premium period chosen; see here for rates),
Ultimate Package Interest Rate Boost (0.10%), and
Limited Time Bonus Interest Rate Offer (1.20%)
Payment of Bonus Interest
Provided you have satisfied all Offer conditions, Bonus Interest payments will be deposited into your MomentumPLUS Savings Account within 7 days after the end of each campaign month (Example: May 7, June 7, July 7, etc.) in which you are enrolled under Paragraph 2(b). Where an enrollment takes place on the last day of a month, Bonus Interest will be paid within 7 days after the end of the subsequent month-end (Example: If you enroll on May 31, payment will occur by July 7). Bonus Interest payments will appear as ‘Campaign Bonus Interest’ on your online MomentumPLUS Savings Account Transaction History. If for technical or other reasons the Bonus Interest payments are not deposited into your MomentumPLUS Savings Account as described above, you will receive a lump sum payment of your total Bonus Interest payments no later than 120 days after the Offer Period ends.
Bonus Interest will be paid into the solely owned MomentumPLUS Savings Account with the highest balance or, if there is no solely owned MomentumPLUS Savings Account, it will be paid into the joint MomentumPLUS Savings Account (for which you are primary owner) with the highest balance. For example, a customer who is a sole owner on a MomentumPLUS Savings Account as well as a primary joint accountholder on another MomentumPLUS Savings Account will see Bonus Interest for all balances in both accounts paid to their sole MomentumPLUS Savings Account.
Max $5,000,000
Regular Interest Rate (0.05%)
Premium Period Interest Rate (up to 0.45%, based on the premium period chosen; see here for rates),
Ultimate Package Interest Rate Boost (0.10%), and
Limited Time Bonus Interest Rate Offer (1.20%)
Payment of Bonus Interest
Provided you have satisfied all Offer conditions, Bonus Interest payments will be deposited into your MomentumPLUS Savings Account within 7 days after the end of each campaign month (Example: May 7, June 7, July 7, etc.) in which you are enrolled under Paragraph 2(b). Where an enrollment takes place on the last day of a month, Bonus Interest will be paid within 7 days after the end of the subsequent month-end (Example: If you enroll on May 31, payment will occur by July 7). Bonus Interest payments will appear as ‘Campaign Bonus Interest’ on your online MomentumPLUS Savings Account Transaction History. If for technical or other reasons the Bonus Interest payments are not deposited into your MomentumPLUS Savings Account as described above, you will receive a lump sum payment of your total Bonus Interest payments no later than 120 days after the Offer Period ends.
Bonus Interest will be paid into the solely owned MomentumPLUS Savings Account with the highest balance or, if there is no solely owned MomentumPLUS Savings Account, it will be paid into the joint MomentumPLUS Savings Account (for which you are primary owner) with the highest balance. For example, a customer who is a sole owner on a MomentumPLUS Savings Account as well as a primary joint accountholder on another MomentumPLUS Savings Account will see Bonus Interest for all balances in both accounts paid to their sole MomentumPLUS Savings Account.