Exploring the world of Momentum Plus Savings with Scotiabank: Your Complete Guide

As a prospective or current Scotiabank customer, have you heard of the Momentum Plus Savings account and are wondering what it entails? This article seeks to explore this high interest, no monthly fee savings account from likes of online banking, mobile app, and customer service.

What is Momentum Plus Savings Account?

The Momentum Plus Savings Account (MPSA) is a tiered, high-interest savings product offered by Scotiabank for its customers. By tiered, we mean that the account offers various interest rates based on how long you choose to save your money without making a withdrawal. The longer the savings period, the higher the interest you can gain hence the 'Momentum' in its name. Importally, this flexible savings account enforces no monthly account fee.

The Momentum Plus Savings Account via Online Banking

Scotiabank's robust online banking platform makes managing your MPSA a breeze. You can easily start saving periods, track your ongoing ones, and decide whether to renew or withdraw your balance at the end of each period. The online platform displays your savings momentum and potential interest earnings graphically, allowing you to visualize your savings growth. In addition, it provides options to transfer funds seamlessly between your Scotiabank accounts.

Navigating your MPSA through the Mobile App

If you're someone who's always on the go, Scotiabank's mobile app is a suitable companion for your MPSA. The app offers a streamlined virtual banking experience, including accessing your savings, starting, monitoring and ending saving periods. With built-in security measures, your savings remain secure while your freedom to manage your account is uncompromised. As an added advantage, the Scotiabank mobile app also helps you find the nearest Scotiabank branch or ATM, making it an essential tool for Scotiabank customers.

Engage with Scotiabank Customer Service

While online platforms are a great way to manage your MPSA, you might still have questions or concerns that require human assistance. Scotiabank's customer service is always on standby via phone calls, ready to help. Whether you have questions about starting a savings period, need help understanding how your interest is calculated, or face technical issues, Scotiabank's representatives will provide you the needed support and guidance.

Conclusion

Scotiabank's Momentum Plus Savings Account is a flexible financial tool that allows you to truly harness the power of savings. By leveraging Scotiabank's online platform, mobile application, or customer service, you can easily maintain your MPSA and gain maximum monetary benefits. Start saving today and watch your momentum grow as you steer your financial future towards greener pastures.

Note: This article is for informational purposes only. Please reach out to Scotiabank to take advantage of their services.