Effective date: June 6, 2024

AccountInterest RateMinimum Average
Daily Balance
Minimum Opening DepositAnnual Percentage Yield
Day of Deposit Savings0.10%minimum $50 average daily balance required to earn interest$250.10%
Young Savers0.15%minimum $50 average daily balance required to earn interest$50.15%
Interest Checking0.05%minimum $500 average daily balance required to earn interest$5000.05%
Club Accounts0.05%minimum $50 average daily balance required to earn interest$10.05%

Account: Day of Deposit Savings

  • Interest Rate
  • Minimum Average
    Daily Balance
  • Minimum Opening Deposit
  • Annual Percentage Yield
  • 0.10%
  • minimum $50 average daily balance required to earn interest
  • $25
  • 0.10%

Account: Young Savers

  • Interest Rate
  • Minimum Average
    Daily Balance
  • Minimum Opening Deposit
  • Annual Percentage Yield
  • 0.15%
  • minimum $50 average daily balance required to earn interest
  • $5
  • 0.15%

Account: Interest Checking

  • Interest Rate
  • Minimum Average
    Daily Balance
  • Minimum Opening Deposit
  • Annual Percentage Yield
  • 0.05%
  • minimum $500 average daily balance required to earn interest
  • $500
  • 0.05%

Account: Club Accounts

  • Interest Rate
  • Minimum Average
    Daily Balance
  • Minimum Opening Deposit
  • Annual Percentage Yield
  • 0.05%
  • minimum $50 average daily balance required to earn interest
  • $1
  • 0.05%

* Rate may change after account opening.
* Fees may reduce earnings on account.

Tiered Money Market Accounts

Effective date: June 6, 2024

TierInterest RateMinimum Opening DepositAverage Daily Balance needed to earn stated APYAnnual Percentage Yield
10.50%$10,000$2,500 to $99,9990.50%
21.01%$10,000$100,000 to $499,9991.01%
31.52%$10,000$500,000 to $1,499,9991.53%
41.99%$10,000$1,500,000 and over2.01%

Tier: 1

  • Interest Rate
  • Minimum Opening Deposit
  • Average Daily Balance needed to earn stated APY
  • Annual Percentage Yield
  • 0.50%
  • $10,000
  • $2,500 to $99,999
  • 0.50%

Tier: 2

  • Interest Rate
  • Minimum Opening Deposit
  • Average Daily Balance needed to earn stated APY
  • Annual Percentage Yield
  • 1.01%
  • $10,000
  • $100,000 to $499,999
  • 1.01%

Tier: 3

  • Interest Rate
  • Minimum Opening Deposit
  • Average Daily Balance needed to earn stated APY
  • Annual Percentage Yield
  • 1.52%
  • $10,000
  • $500,000 to $1,499,999
  • 1.53%

Tier: 4

  • Interest Rate
  • Minimum Opening Deposit
  • Average Daily Balance needed to earn stated APY
  • Annual Percentage Yield
  • 1.99%
  • $10,000
  • $1,500,000 and over
  • 2.01%

* Rate may change after account opening.
* Fees may reduce earnings on account.

**Annual Percentage Yield (APY) shown valid only on new money not currently on deposit with 1st National Bank of Scotia. Account is a variable rate account and the APY may change at the bank’s discretion. The minimum deposit to open is $100,000. Rate guaranteed for 9-months from opening date.

Health Savings Accounts

Effective date: June 6, 2024

TierInterest RateMinimum Opening DepositAverage Daily Balance needed to earn stated APYAnnual Percentage Yield
10.08%-Below $5000.08%
20.17%-$500 to $2,4990.17%
30.40%-$2,500 to $9,9990.40%
40.61%-$10,000 and over0.61%

Tier: 1

  • Interest Rate
  • Minimum Opening Deposit
  • Average Daily Balance needed to earn stated APY
  • Annual Percentage Yield
  • 0.08%
  • -
  • Below $500
  • 0.08%

Tier: 2

  • Interest Rate
  • Minimum Opening Deposit
  • Average Daily Balance needed to earn stated APY
  • Annual Percentage Yield
  • 0.17%
  • -
  • $500 to $2,499
  • 0.17%

Tier: 3

  • Interest Rate
  • Minimum Opening Deposit
  • Average Daily Balance needed to earn stated APY
  • Annual Percentage Yield
  • 0.40%
  • -
  • $2,500 to $9,999
  • 0.40%

Tier: 4

  • Interest Rate
  • Minimum Opening Deposit
  • Average Daily Balance needed to earn stated APY
  • Annual Percentage Yield
  • 0.61%
  • -
  • $10,000 and over
  • 0.61%

* Rate may change after account opening.
* Fees may reduce earnings on account.