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A cross-border account that lets you earn interest on any savings that you hold in euros.
The Scotia Euro Daily Interest Savings Account is a cross-border account that lets you earn interest on any savings that you hold in euros. You’ll earn a tiered rate of interest based on how much you have invested (though you won’t earn interest below €5,000). This account comes with a monthly fee of €1 and offers competitive foreign exchange rates. Just be aware that all transactions for this account must be carried out by visiting a Scotiabank branch.
The Scotia Euro Daily Interest Savings Account lets you earn interest on any savings you hold in euros equal to €5,000 or more. It also comes with 2 free teller-assisted transactions per month and competitive foreign exchange rates. Just be aware that this account charges a monthly fee of €1 and you won’t be able to carry out any of your banking online.
You’ll earn tiered interest rates based on how much money you have in your account. These are outlined in the table below and paid on the portion of the balance within each tier.
Annual interest rate
€60,000 or more
€25,000 – €59,999
€10,000 – €24,999
€5,000 – €9,999
€4,999 and under
The Scotia Euro Daily Interest Savings Account comes with several benefits:
The Scotia Euro Daily Interest Savings Account comes with a couple of drawbacks:
Follow these steps to open a Scotia Euro Daily Interest Savings Account online:
To apply for a Scotia Euro Daily Interest Savings Account, you need to meet the following criteria:
Once you put money into your Scotia Euro Daily Interest Savings Account, the only way you can transfer it out is by visiting a branch in person. You’ll also be limited in how you can access your funds since you won’t have access to ATM withdrawals, debit purchases, online transfers or Interac e-Transfers.
You’ll be able to deposit funds into this account by sending them to yourself from your other Scotiabank accounts using an internal transfer. This seems to be the only way to make a deposit, other than by visiting a branch in person to deposit cash or a cheque.
There are a few options available for you to connect with Scotiabank customer service:
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