Ms. Elizabeth Glassen reports

SCOTIABANK LAUNCHES ONE OF CANADA'S FIRST RELATIONSHIP-BASED HIGH INTEREST SAVINGS ACCOUNTS

Bank of Nova Scotia has launched the Scotia high interest savings account, one of Canada's first relationship-based high interest savings account that offers tiered regular interest rates based on a client's total relationship balance across eligible Scotiabank accounts.

With the new Scotia HISA, clients can earn higher regular interest rates as their relationship with Scotiabank grows, starting with a minimum total relationship balance of $10,000. The total relationship balance combines balances held across eligible Scotiabank chequing accounts and savings accounts, guaranteed investment certificates, and mutual funds.

Clients opening their first Scotia HISA may also qualify for a limited-time launch offer, where eligible clients can earn an additional 2.80-per-cent promotional interest for the first three months on top of their regular interest rate, for a combined rate of up to 5.00 per cent for the first three months.

The Scotia HISA is designed to support saving goals and unexpected expenses, with no monthly account fees and unlimited self-service transfers between Scotiabank accounts, offering flexibility and easy access to funds.

"At Scotiabank, we believe that clients should be rewarded for their full banking relationship," said Kingsley Chak, senior vice-president, retail client value, deposits and investments, at Scotiabank. "By recognizing a client's total relationship balance, the Scotia HISA offers more opportunities to earn as their relationship with Scotiabank grows."

The Scotia HISA also delivers an intuitive and transparent digital experience. Through the Scotiabank mobile app, clients can easily view their total relationship balance, track progress toward a higher rate balance tier and monitor interest earned -- all in one place.

What are the key features of the new Scotia HISA?

• Five tiers of regular interest rates based on a client's total relationship balance -- calculated daily across eligible Scotiabank chequing accounts, savings accounts, GICs and mutual funds -- with interest rates ranging from 0.75 per cent to 2.20 per cent;
• No monthly account fees;
• Unlimited self-serve transfers between Scotiabank accounts.

About Bank of Nova Scotia

Scotiabank's vision is to be its clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by its purpose, "For every future," it helps its clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5-trillion (as at Jan. 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange and the New York Stock Exchange.