Scotiabank · Banks
Scotiabank Business Investment Account review
Scotiabank’s Business Investment Account is designed for larger reserves, from C$25,000 to C$50 million, with tiered CAD and USD rates that reach 2.25% CAD and 3.05% USD at the highest balances. Smaller balances earn far less, so most small businesses will find better flat rates elsewhere.
Who Scotiabank is best for
Businesses with large CAD or USD reserves and scotiabank business clients.
Balances under C$25,000.
Scotiabank’s Business Investment Account is designed for larger reserves, from C$25,000 to C$50 million, with tiered CAD and USD rates that reach 2.25% CAD and 3.05% USD at the highest balances. Smaller balances earn far less, so most small businesses will find better flat rates elsewhere.
Fees, features and eligibility
| Standard interest | Tiered by balance; up to 2.25% CAD and 3.05% USD at the highest tiers |
|---|---|
| Fees | C$0 a month |
| Currencies | CAD, USD |
| Access to funds | No lock-ups |
| Deposit protection | CDIC protection on eligible deposits (licensed bank) |
| Eligibility | Businesses saving C$25,000 to C$50 million |
Source: Scotiabank published product information.
What stands out
Pros
- CAD and USD accounts
- No monthly fee
- Top tiers reach 2.25% CAD and 3.05% USD
Cons
- Built for balances of C$25,000 and up
- Top rates only at very high balances
Scotiabank: common questions
Who is the Scotiabank Business Investment Account for?
Businesses keeping surplus cash between C$25,000 and C$50 million that want it accessible while earning tiered interest.
Does it offer US dollar savings?
Yes, in separate CAD and USD accounts, with the top USD tier reaching 3.05%.
Used Scotiabank? Help other businesses choose.
