Scotiabank TFSA Rates - Updated August 2025

Compare Scotiabank Tax-Free Savings Account rates and features. Find the best deal for your savings with CDIC-insured protection.

About Scotiabank

Scotiabank is a leading financial institution with strong international presence and competitive rates.

Bank Details

Key Features

  • International presence
  • Investment services
  • Competitive rates
  • Mobile banking

About Tax-Free Savings Account

A registered account that allows Canadians to earn tax-free investment income.

Tax Treatment: Tax-free growth and withdrawals
Liquidity: High - withdraw anytime
Risk Level: Varies by investment choice

Best For:

  • Emergency funds
  • Short to medium-term goals
  • Tax-free growth
  • Flexible savings

📊 How Scotiabank Compares to Other Banks

Tangerine

4.50%

Tangerine Tax-Free Savings Account

View Details

Simplii Financial

3.65%

TFSA Savings Account

View Details

WealthONE Bank of Canada

3.10%

WealthONE Bank of Canada Tax-Free Savings Account

View Details

Saven Financial

2.90%

Saven Financial TFSA

View Details

National Bank

2.75%

National Bank Cash Advantage Solution TFSA

View Details

Wealthsimple

2.75%

Wealthsimple Registered Savings Account (TFSA)

View Details

❓ Frequently Asked Questions

What is the current Scotiabank TFSA rate?

Current Scotiabank Tax-Free Savings Account rates vary based on term and balance. Use our comparison tool for the most up-to-date rates.

What is the minimum deposit for Scotiabank TFSA?

The minimum deposit for Scotiabank Tax-Free Savings Account is $0.

Is Scotiabank CDIC insured?

Yes, Scotiabank is a CDIC member institution.

How does Scotiabank TFSA compare to other banks?

Use our comparison tool to see how Scotiabank Tax-Free Savings Account rates and features compare to other Canadian banks.

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