**ANSWER**

Can somebody explain the interest on Scotiabank's Momentum Plus Savings account? It says regular interest is calculated daily and applied monthly and premium interest is applied at the end of the premium period. If I deposit $500 into the 90 day period, it should be at 1.45% after 90 days which is 507.25.

Can somebody explain the interest on Scotiabank's Momentum Plus Savings account? It says** regular interest is calculated daily and applied monthly and premium interest is applied at the end of the premium period.** If I deposit $500 into the 90 day period, it …

Canada's Best Bank Accounts, According To Ratehub.ca ? High **Interest Savings Account** . EQ Bank **Savings Plus Account**. Breaking from the Big 5, EQ Bank's **Savings Plus account** has kept a consistent offering of a 2.3 per cent **interest** rate, as well as no

Where To Get 5% Interest Savings Accounts Now That Insight ? If you open the 5% **interest savings account plus** the 3% **interest** Holiday Club **Account**, you’ll have $500 earning 5% **interest**, **plus** an additional $3,000 earning 3% **interest**. Obviously, if you have a spouse or partner, you **can** open accounts for them as well, adding an additional $500 and $3,000 of high-yield **savings**.

For Canada's five largest institutions, **interest** rates for high **interest savings** accounts range from as low as 0.05 per cent to as high as 1.7 per cent with **Scotiabank**'s **Momentum Plus Savings**

Low **interest**: Getting a low return on your money is a key disadvantage of a **savings account**. And the cost of relying on a **savings account** for your long-term financial benefit **can** be higher than you think. “At least you aren’t losing money when it’s in the bank,” some might argue. Unfortunately, keeping your money in a **savings account**

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