First, you earn a Regular Interest Rate. This is applied to your daily closing balance and is paid monthly.

Second, you earn a Premium Interest Rate when you open a Premium Period. Each Period can be 90, 180, 270 or 360 days. A Premium Interest Rate is applied to each deposit each day until the end of the Premium Period. Premium Interest is paid at the end of the Period. Premium Interest is only paid if no debits are made within the Period.

Debits include: withdrawals, transfers (including transfers to your other Scotiabank accounts and between Premium Periods within your Momentum PLUS Savings Account) and service fees.