Lower CAD Rates: Personal & Corporate Investment Savings Account (ISA) – April 15 2020

New lower rates on our CAD Personal and Corporate suite of ISA funds. Scotiabank ADS has decreased our base rate on all our ISA CAD funds by 0.30%.

Given the low interest rate environment, to maximize client interest rates1, ADS will be reducing the trailer for series A ISA CAD & USD by 15bps for balances less than $100,000; and adding 15bps to the client rate. Changes come into effect on APRIL 15 2020.

 

PERSONAL CLIENTS
Series Currency Investment Amount Interest Rate1 Trailer Fee Issuer: FundServ
Series A
(Tiered)
CAD $0 - $99,999

$100,000 - Unlimited
0.40%

0.40%
0.10%

0.10%
BNS: DYN6000 ADSB: DYN5000

MTCC: DYN3064 NT: DYN3054 SMC: DYN3074
USD $0 - $99,999

$100,000 - Unlimited
0.40%

0.40%
0.10%

0.10%
BNS: DYN6001

ADSB: DYN5001
Series F CAD $0 - Unlimited 0.50% n/a BNS: DYN6004 ADSB: DYN5004

MTCC: DYN3065 NT: DYN3055 SMC: DYN3075
USD $0 - Unlimited 0.50% n/a BNS: DYN6005

ADSB: DYN5005
CORPORATE / NON-PERSONAL CLIENTS
CORPORATE Series A
(Tiered)
CAD $0 - $99,999

$100,000 - Unlimited*
0.35%

0.35%
0.10%

0.10%
BNS: DYN6002

ADSB: DYN5002
USD $0 - $99,999

$100,000 - Unlimited*
0.40%

0.40%
0.10%

0.10%
BNS: DYN6003

ADSB: DYN5003
CORPORATE Series F
(Tiered)
CAD $0 - Unlimited* 0.45% n/a BNS: DYN6006

ADSB: DYN5006
USD $0 - Unlimited* 0.50% n/a BNS: DYN6007

ADSB: DYN5007

 

Rate decrease and trailer changes apply to all issuers of ISA as indicated above.
Fund codes for issuers not named in the table above can be located at: https://ads.scotiabank.com/Rates
For corporate ISA purchases over $50MM, please contact 1-866-884-3434 for approvals.

For more details, please speak with one of our ISA Specialists today at: 1-866-884-3434.

 

Deposits are eligible to be insured under the CDIC Act only if they are in Canadian currency, have a term of 5 years or less and are payable in Canada.

1Interest rates are quoted per annum as of April 15th, 2020 and subject to change without notice. Interest is calculated daily on the opening balance of the account, excluding the date of purchase and is paid monthly on the last Friday of each month, or if the last Friday of any month is a holiday, on the immediately preceding business day. Daily interest will be calculated by multiplying the applicable annual interest rate by the daily opening balance, and dividing that amount by 365 or 366 in a leap year. Other Terms & Conditions apply. Visit http://ads.scotiabank.com for full details.

**Deposits from Financial Institutions or like entities which intend to hold Scotia and subsidiary ISAs on their own behalf (i.e. banks, mutual funds, credit unions, etc.) are prohibited.

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