what is scotiabank sccp premium. Once that deferral period (3 months) is over, your regular interest rates will apply (during the deferral period on personal credit cards, interest rates were reduced by Scotiabank to 10. what is scotiabank sccp premium

 
 Once that deferral period (3 months) is over, your regular interest rates will apply (during the deferral period on personal credit cards, interest rates were reduced by Scotiabank to 10what is scotiabank sccp premium  Annual rate (as a % of the Fund's value)Do you have a scotiabank credit card? Have you noticed a SCCP premium charge? A lot of people were signed up for this insurance without their consent:The first is a base rate of 1

Call or visit your Scotiabank Premium Banking Centre to learn more or to sign up. I authorise Scotiabank to provide the insurer with my Scotiabank credit card account number, monthly statement balance and any other necessary information. If you’re a Scotiabank customer, you can also cancel or reschedule your appointment using the app:From the app’s Home screen, tap More Tap Contact us Tap Book an appointment. - 6:00 p. Monthly fee $0. Scotiabank Passport® Visa Infinite* Card. Affordable monthly premiums for Credit Protection are based on your outstanding account balance and your coverage choices. Annual fee: $120. Earn 6 Scene+ points2 on every $1 CAD you spend in Canada at Sobeys, Safeway, FreshCo, Foodland and more. It is a lightweight IP-Based protocol for Signalling with CUCM and CME for Cisco phones session signalling. Yo u are neve r re quire d to purc hase insuranc e: Ev that is of fered by your distributor; pe from a person who is as signed to yo u; or en if you are required to be insured, When you cancel an eligible Scotiabank credit card, or you switch your eligible Scotiabank credit card with an active installment plan to a Scotiabank credit card that is not eligible for installment plans, the installment plans will automatically get cancelled. net Rev. 00%;. Scotiabank Value ® Visa* Card at a glance. The premium rate for coverage under Scotia Credit Card Protection is based on Your Daily Account Balance which is calculated daily and billed monthly. Your Account balance is insured for up to $50,000, however, premiums are only calculated up to a maximum of $25,000. Flexible payment options. a^I%7B9xB\. Loan protection insurance is an optional insurance product that can help pay off or maintain your loan payments for a period of time in the event of illness, disability, or loss of life. RT @apihtawikosisan: Do you have a scotiabank credit card? Have you noticed a SCCP premium charge? A lot of people were signed up for this insurance without their consent:Scotiabank TFSA Savings Account. Canada’s premier sports and entertainment venue and home to the NHL’s Toronto Maple Leafs, and the NBA’s Toronto Raptors. One high-interest savings account. Account level charge - Charges against any account transactions (i. Coverage is available to new or existing Scotiabank Auto Loan Borrowers (maximum of 2 insured borrowers), who are 18 years of age to 69 years. It provides insurance coverage that fits based on your budget and travel type. 00% interest rate on cash advances and balance transfers (first 6 months) and 12. credit card benefits. The bank pays you a small percentage as an incentive to leave your money in. 90%; 270 days: 1. For starters,. ; Scotiabank AERO Platinum – to enjoy travelling carelessly with each airline and get a cashback of one Scotia Point on every $1 spent. Low Trustpilot rating. Paper statement. For answers, check out our FAQs. While this account does come with a hefty monthly account fee of $30. 6. Unlimited debit transactions 3, Interac e-Transfer † transactions, and Scotia International Money Transfers ±. ; Scotiabank AAdvantage – enter the world’s most famous. They will at least reimburse one month prior, although they might do 3 if you're really nice. SCOTIA CREDIT CARD PROTECTION CLAIM FORM STATEMENT OF DEATH CLAIMANT STATEMENT Unity Managing Underwriters Ltd. It earns 5 points per dollar spent on groceries, restaurants, and entertainment, the highest rates in those categories on any credit card. If you have any questions or need additional support, call us at. at 1-800-268-9269, fundinfo@scotiabank. Scotia Club is the only premium club that faces the action on the ice, court and stage. Scotia Credit Card Protection A. For the portion of the Account Balance in excess of $25,000, no premium will be assessed. (ET) Saturday 10:00 a. Scotia Credit Card Protection is an optional insurance product available to Scotiabank Credit Card customers to provide a financial safety net during times of financial Worked at Scotiabank, call and cancel and say you did not know or want this and ask to be reimbursed. Scotia Credit Card Protection insurance;. I never really knew what it was and what it truly entailed until I saw this post about someone else receiving a refund after disputing it. Personally, the Momentum VI works better for me but if you travel a lot, spend a lot of foreign. You can set up a Pre-Authorized Contribution (PAC) to regularly invest in Funds. 99% for. SCOTIA SCCP PREMIUM. Benefits are extended to cover an eligible co-borrower on your insured credit card account at no additional cost. Fact Checked. So I have SCCP on my credit card and a balance of just under 2000$. Your monthly credit insurance premium amount is added to your Scotiabank credit card account automatically and is reported on your statement. Anyone that carries a balance on their credit cards, rather than paying the entire balance off in full each month by their payment due date, should consider a low interest credit card . Certain U. Credit Protection can prevent this from happening. Customers need to have a Line of Credit with Scotiabank in order to add protection. An updated Scotia Credit Card Protection Certificate of Insurance will be available on Scotia Credit Card Protection page as of October 17, 2020. For Scotiabank American Express Cards, we will not charge interest on any purchases or interest-bearing services charges. Monthly premium amount. While the card comes with a few premium perks, the low annual fee combined with the low-interest rate make up for this. Contact Us, Find Out More. Switch or close your account. Save for multiple goals in one account. Choose up to three customizable categories to earn 2% cash back with no spending cap. 32 + sales tax, where applicable. Annual fee: $20; Interest rate: 12. Hollenberg President Chubb Life Insurance Company Fact sheet. 8∆. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive within 30 days once your Scotia Credit Card Protection application has been approved. 800. Scotiabank AERO * Platinum MasterCard ®‡ credit card. I authorise theFees, rates & other information. Scotiabank personal loan product rating: 3. Scotia Credit Card Protection A. More than 12,000 organizations trust Skillsoft for employee learning and development. There is usually a maximum limit on the amount of debt that can be covered (in many cases, a maximum of $25,000). Continue to enjoy all your. pdf from GNED 127 at Centennial College. Scotiabank doesn’t allow cardholders to cancel their credit cards online. 99%. Try a Western Union Money Transfer instead. Select the one that’s right for you. m. 50 for every $1,000 invested. As a premium rewards card, there are very few surprises around the Scotiabank Momentum Visa Infinite’s fees and rates. To get coverage this month, you’ll need to pay a balance protector premium of $6. The Scotiabank mobile app lets you manage, move, and monitor your money using your mobile phone. Another consideration when getting a mortgage at Scotiabank is whether to choose an open or closed mortgage . Popular questions. RBC Visa Classic Low Rate Option. (ET) View legal footnotes. 22. Yo u are neve r re quire d to purc hase insuranc e: Ev that is of Your monthly Comprehensive Protection premium is calculated for every $1,000 of your insured loan balance for Life and Terminal Illness coverage and $100 of monthly equivalent insurable benefit for Critical Illness, Disability and Job Loss coverage on the date your Scotia Loan Protection application is approved. It can hold cash and investments to help you save and invest in tandem. 85% and a Welcome Bonus Interest Rate of 3. Scotiabank's Momentum PLUS Savings Account allows individuals to save for multiple goals in one account. The SCCP Class 0 protocol class is the most basic of the SCCP protocol classes. 0% introductory interest rate on balance transfers for the first 10 months (12. A ScotiaLine personal line of credit is a product from Scotibank that provides a type of revolving loan. O. I'm getting a fee tacked on to my credit card every month from Scotiabank. Depending on what happened to you this can range from just making the minimum payments or paying off the debt. 95 for every $100 of outstanding balance. Click "Transfers" sub-tab. For the regular rate, it is calculated using the regular interest rate of 1. When you use Scotiabank’s mobile deposit feature, we will access your device camera to take a picture of your cheque; record the cheque number, account number, institution transit number, and amount; record your device model, as well as its. Based on these numbers, the premium payable would be: premium on total loan amount x mortgage loan amount = 3. While the Scotiabank Passport Visa Infinite Card’s grocery and travel rewards rates seem respectable, the total capped earnings possible for cardholders are lacklustre. S. 0% foreign currency conversion fee. ; Within two months complete two of the following: i. 10%. The Scotiabank MomentumPLUS Savings Account is its high-interest savings account. . 800. 00 $2,425. The annual interest rate on this. 99% on cash advances. 2,‡. 668. Continue to earn and enjoy your credit card benefits like your rewards, cash back, and insurance coverage. “Minimum. Costs & Sign up Features. Rewards Potential. Set up 2 eligible separate recurring pre-authorized transactions, like a mortgage. Please be advised that we will be discontinuing the L’earn® Visa* credit card account (the “Account”) for all cardholders, effective starting in November 2023. “Maximum Full Term Return” means the maximum return, expressed as a percentage rate, you may earn on your Scotiabank Market Linked GIC. They are transferred independently of each other. Monday to Friday 9:00 a. Also, you’ll earn 3 points per dollar spent on gas, transit, and select streaming services, among the best rates around. Aged 18 to 64. XXXX issued to. net . Certificate of Insurance Chubb Life Insurance Company of Canada certifies that the Insured(s) as named on the Schedule of Coverage are covered under and subject to the terms and conditions of: Group Policy Number . D. 20. While it has a monthly account fee of $11. Basically, having the Preferred Package lets you get the first year free (up to $139) with any of the following premium cards: Scotiabank Gold American Express, Scotiabank Passport Visa Infinite, Scotia Momentum Visa Infinite, and. 38 $2,000. The primary downside is the lower ongoing earn rate, valued at 1% to 3%. Interest, fees, and income requirements. Apply now. 5% return on business spending and no foreign transaction fees (a unique benefit among business credit cards), this card is ideal for small business owners who are seeking a simplified and accessible. As a Premium Seating client, you and your guests can expect to receive high-quality food and . m. The interest rates are lower than credit cards, but accessing funds and flexible repayment options are just as convenient. 5% average overall achievement across development goals. Box 1045, Stratford, Ontario, N5A 6W4. 99% on cash advances and balance transfers. Premiums are conveniently billed monthly, directly to your Scotiabank Credit Card account. One of Canada's Big Five banks, it is the third-largest Canadian bank by deposits and market capitalization. Promo offer: Up to 35,000 points ($350 value) Minimum income requirement: $60,000 personal or $100,000 household income. A Premium. Scotiabank Value Visa. TORONTO, July 13, 2022 /CNW/ - Scotiabank announced today that it is increasing its Canadian dollar prime lending rate to 4. The Scotiabank Passport Visa Infinite card is a premium credit card considered one of Canada’s best travel credit cards. 99% on purchases. Scotia® SCCP CERT English 1471414 10 18Sample. 95 /mth. For this example, then, the mortgage default insurance premium would be $13,950. Hollenberg President Chubb Life Insurance Company Fact sheet. Dollar GICs with U. Here's what you need to do: After you have signed onto Scotia OnLine, simply: 1. No premium will be charged if your previous month's statement balance. 99% after. Yo u are neve r re quire d to purc hase insuranc e: Ev that is of fered by your distributor; pe from a person who is as signed to yo u; or en if you are required to be insured, yo u do not have to purc hase the insuran ce that Yo u caWhen you cancel an eligible Scotiabank credit card, or you switch your eligible Scotiabank credit card with an active installment plan to a Scotiabank credit card that is not eligible for installment plans, the installment plans will automatically get cancelled. The Registered Program is registered under the National Housing Act (Canada). Need help signing in?SCOTIA CREDIT CARD PROTECTION CLAIM FORM JOB LOSS OR STRIKE/LOCKOUT CLAIMANT STATEMENT & EMPLOYER STATEMENT Unity Managing Underwriters Ltd. Poor Trustpilot rating: 1. Navigate to Services in the main menu and select the Stop Payments sub-menu, and then select Remove Stop Payments. $3. m. You might think there’s a cost advantage, but this insurance is expensive at around $1 a month for every $100 spent. A financial plan that includes Creditor Insurance Protection as part of its foundation can provide a buffer to help lessen the financial impact of the bumps you may encounter. And Scotiabank is big, with over 900 locations in Canada, $1,184. A credit score is a number that evaluates a person’s creditworthiness. 416. Min. Then if you hold your savings for more than 90 days, you get the Premium Period interest for 0. Your monthly credit insurance premium amount is. 99% introductory interest rate on purchases for the first 6 months (20. First, if your credit card balance is under $10, you will not be charged the balance protector premium. 99% Purchases 19. Scotiabank personal credit cards. m. 49 per $100 of Your Daily Balance for the remainder of Your coverage period. ABM - Automated banking machine. 3. Captain_Spicard. Scotiabank American Express ® Card Scotiabank Gold American Express ® Card Scotiabank Platinum American Express ® Card; Earn 3X Scene+™ points on every $1 you spend at Sobeys, Safeway, FreshCo, Foodland and more. P. The bonus interest rate of 4. 99%. m. The Bank of Nova Scotia Trust Company, e-Scotia. 5. For mutual funds, call us at 1-800-268-9269 or visit a branch. Scotia Credit Card Protection insurance;. Bank of Nova Scotia ( TSX:BNS) is currently the second worst-performing Canadian bank stock among the Big Five banks. Enjoy international purchasing power and avoid the worry of carrying cash with Scotiabank's suite of credit card products. (All images courtesy MLSE) Arena’s first all-inclusive club debuts. Your monthly insurance premium amount is added to your Scotiabank credit card account automatically and is reported on your. Interest rates 6. installment plan and a low fee 2. This goes up to 0. Life and Critical Illness Insurance for the cardholder and secondary cardholder (Joint coverage) on the same Scotiabank MasterCard account) costs $0. Earn 2 Scene+ points for every $1 spent on all eligible purchases with no limit. Scotia Credit Card Protection A. It is not an annual rate but a maximum return over the term of your. Creditor Insurance. • You authorize Scotiabank to charge the insurance premium and applicable sales tax to Your Scotiabank. International Money Transfer ±. They maintain a disciplined approach to fixed income investing that focuses on credit quality, duration and the interest rate cycle. They maintain a disciplined approach to fixed income investing that focuses on credit quality, duration and the interest rate cycle. To apply for Critical Illness insurance coverage, you must already have Scotia Line. Promotional rate. 800. 668. Scotia Credit Card Protection is a Group Policy underwritten by Chubb Life Insurance Company of Canada. Right now, you can earn up to 5. What do you prefer, cashback or Scotia points. 7092 F +1. “Real-Time Payment" or. All Bank of Canada exchange rates are indicative rates only, derived from averages of transaction prices and price quotes from financial institutions. Earn up to $550 with a Scotiabank banking package and TFSA or RRSP. Scotiabank Passport® Visa Infinite Card. Important notice of change: Your L’earn® Visa* Card will be replaced with the Scotia Momentum® No-Fee Visa* Card, effective starting in November 2023. The STEP allows for increased flexibility and lets you initially borrow up to 80% of the value of your home. Monthly Overdraft Protection Plan 29: $5. Hollenberg President Chubb Life Insurance Company Fact sheet. SCOTIA CREDIT CARD PROTECTION HOSPITALIZATION CLAIM 1. 3 out of 5. With Coverage for Pre-Existing Conditions. 2. The rewards are easy to earn on every purchase and when it comes time to. 2. @ScotiabankArena. 99% 25. $500. Cost of each supplementary card. $0 - $350,000. Updated: March 25, 2023. The Bank of Nova ScotiaWelcome to. Earn up to $650* in value in the first 12 months, including up to 40,000 bonus Scene+ points. 51% of its value, which equals $15. Scotia Credit Card Protection offers. It’s a solid all-in-one bank, as you would expect from one of Canada’s Big Five Banks. 668. These amounts will be added to your overall balance owing. How do I cancel my credit card? - Scotiabank Help Centre. 416. D. Earn $350. For Life insurance, the monthly premium is based on your age and your Scotiabank Mortgage account balance up to $1,000,0001 at the time of application approval. Borrower can visit a Scotiabank branch, call the Insurance Canada Service. Yo u are neve r re quire d to purc hase insuranc e: Ev that is of fered by your distributor; pe from a person who is as signed to yo u; or en if you are required to be insured, yo u do not have to purc hase the insuran ce that Yo u caScotiabank is exceptionally easy to use. 5% on foreign transaction fees. $0* or $30. 99% purchases / 22. 95 for every $100 of outstanding balance. SAMPLE Scotia Credit Card Protection Certificate of Insurance. Scotiabank Value Visa. A Tax-Free Savings Account (TFSA) earns income that is tax-free for life. With an open mortgage, you can increase. Start your claim. Remember my username or card number. View more card details. The Scotia regular rates are horrible and the momentum accounts are so inflexible. 25% 10. For an all-in-one solution towards many of life’s common expenses, the Scotiabank Passport Visa Infinite Card packs quite a punch. Interest rates: 20. Provincial sales taxes are also added where applicable, and the premium is conveniently charged to Your Account. State several times you did not know about it and you do not want it. Click the "Banking" tab. Scotia Credit Card Protection is an optional insurance product available to Scotiabank Credit Card customers to help provide a financial safety net during times of financial hardship caused Scotiabank said it takes customer concerns seriously and reviews any instance where customers feel the bank has not met their expectations. The second is a premium interest rate that you'll earn between 90 and 360 days, which varies from 0. By phone. m. 99%. 0, and average annual benefit of over $6. The Scotiabank Passport Visa Infinite card has a $150 primary card annual fee which is now becoming the norm for most Visa Infinite cards. 21 INFORMATION ABOUT THE DECEASED Scotia. . Up to 60,000 bonus points ($600 value) 9. Minimum credit limit of $10,000. At such time, any premium paid will be refunded, and this Certificate will be deemed to be void from the Effective Date. 40% as the starting point. With optional Scotia Creditor Insurance Protection, your Scotiabank debt payments are maintained or paid in full, in whatever situation you encounter. Use the drop menu to choose an Account. That said, you won’t get many benefits with this card, so read my Scotiabank Scene+ Visa Card. If your goals are more short-term, a HISA will be a better account for your savings. Certificate of Insurance - Scotia Momentum Visa Infinite Card (PDF) Product Summary for Travel Benefits – Scotia Momentum Visa Infinite Card (PDF) Product Summary Non-Travel Benefits – Scotia Momentum Visa Infinite Card (PDF) Scotia Momentum Visa Card. Receive a first-year annual fee waiver (up to $150) for select credit cards 12. 95, you can have the monthly account fee will. 0000002585 00000 n trailer Contact Us for 24/7 Customer Service Centre - Scotiabank Scotia Centre Branch rocharlle. As the COVID-19 situation continues to evolve, the safety and security of our customers and employees is our top priority. Scotiabank has a number of savings accounts tailored towards different needs. The Scotia Total Equity Plan (STEP) is a flexible borrowing plan tied to the equity in your home. 3. The Scotiabank Scene Visa Card is a credit card designed primarily for those who are seeking rewards and benefits in the form of entertainment-related experiences. The premium rate for coverage under Scotia Credit Card Protection is $1. (ET) and one of our Customer Service Representatives will be pleased to assist you with cancelling your coverage, and any premiums you've paid will be refunded. This is a relatively new product launched by Scotiabank in a world where a bunch of credit cards were being shut down including the beloved Amazon Visa and Marriott Visa which both had 0% FX mark-up. Earn up to 6X the Scene+TM points on every $1 CAD you spend in Canada on eligible grocery, dining, and entertainment purchases. Description. Credit life protection Protect your loved ones with optional life insurance that covers the outstanding. 8% of its value in 2023 so far to trade at $60. Annual fee: $29. Select a main site category. 85%. 40% after 150 days $156 first year return based on $5,000 balance. If you have any questions, please contact the Insurance Canada Service Centre (ICSC) at 1-855-753-4272 Monday-Friday 8am-8pm (ET), and one of our Customer Service Representatives would. (416) 815-5500. To qualify for these offers make sure to open a new Scotia Momentum® Visa Infinite* credit card account by October 31, 2024. Sign in to Scotia OnLine and start banking online today. Legal notes. You can earn and redeem points at our program partners and brands. About Scotiabank Scotiabank is a leading bank in the Americas. View more card details. Scotia Line of Credit Protection: Life, Critical Illness, Disability, and Job Loss coverage. The Premium Period in a Scotiabank Momentum PLUS Savings Account refers to a number of days. It can also pay a monthly benefit in the event that you become disabled or involuntarily lose your job. 99% cash advances. Written notice will be sent by regular mail to Your address as it appears on file, at least 60 days before the premium rate is changed, and except where the Group Policy is amended to change the benefits or Eligibility criteria, or a change in legislation or. The Scene+ Visa Card is one of a few credit cards you can use to earn Scene+ points. Earn 6 Scene+ points for every $1 you spend in Canada at Sobeys, Safeway, FreshCo, Foodland and more, 5 Scene+ points per $1 spent on eligible grocery, dining and entertainment purchases, 3 Scene+ points per $1 spent. Mail Escalated Customer Concerns Office 44 King St West, Toronto, Ontario M5H 1H1. The lack of information online is mostly understandable, given the fact that everything is based on income amounts and credit scores , but it. 60% * for 3 months. 4%. 00 Transaction fees. CLAIMANT STATEMENT - TO. Here are some reasons why considering creditor insurance is a smart move: Financial stability for you and your family. 10% x $450,000 = $13,950. To get $350 cash. They also offer coverage in case of stolen, damaged or lost belongings. Canada’s premier sports and entertainment venue and home to the NHL’s Toronto. The Scotiabank travel insurance plan is known for its extensive coverage of up to $10 million in emergency medical insurance for travelling Canadians. Network Service Data Units passed by higher layers in the originating node are delivered by the SCCP to higher layers in the destination node. I have a stable job working as an English teacher in Korea, but I plan to leave here August 2015, travel for some time and then go back home. Monthly premium amount. . You’re eligible to apply for Scotia Line of Credit Protection if you are: A resident of Canada. The insurance can be connected to different types of loans, like those related to your mortgage, car and business loan. When you do not have any debit transactions in your account for. 416. SCOTIABANK ARENAHOME OF THE MAPLE LEAFS & RAPTORS. The Scotiabank Passport Visa Infinite Business Card is Scotiabank’s premium travel credit card for small business owners. 09 per $100 of Your Daily Balance until your 70th birthday, and $0. For 2023, the annual TFSA limit is $6,500, and Scotiabank offers two savings accounts you can use to hold TFSA funds. POST REF. Budgeting: Paying down your lower rate credit cards versus ones with a higher rate can help you bring down debt faster and can help positively impact your credit score. 0% foreign currency conversion fee. When that happens, the remaining outstanding installment balance under the installment plan will be re-applied to the balance owing on. The following definitions apply to these Terms & Conditions: “Account” means any Scotiabank retail banking, small business banking or corporate and commercial bank account but does not include any account maintained in respect of a Scotiabank credit facility. As of December 31, 2022, Premium Series units of the Fund's expenses were 1. Scotia®. 99% interest rate on purchases and cash advances. - 8:00 p. Main features and perks. Scotiabank’s business credit cards that earn rewards each offer interest rates of 19. $150. 20 per $100 of your account balance (plus taxes), up to $25,000. S. SCCP on credit card. Box 1097, Station B Willowdale, Ontario, M2K 3A2 T +1. 40%. Purchase Interest Rate: 20. The Scotiabank Ultimate Package is a premium chequing account that comes with a ton of perks including a generous welcome offer, unlimited and free transactions and e-Tranfers, and even free global ATM withdrawals. Affordable monthly premiums for Credit Protection are based on your outstanding account balance and your coverage choices. 95, you can have the monthly account fee. Unity Managing Underwriters Ltd. Scotia Credit Card Protection is optional insurance that can help you stay on solid financial ground. You’ll have to call Scotiabank to request card cancellation at 1-866-267-4935. Scotiabank’s current prime rate is 7. pdf - PL E Scotia Credit Card Protection M Certificate of Insurance SA Please keep in a safe place. With Scotia Credit Card Protection, your coverage and premium is always based on your Account balance. For inquiries. Bank how and when you want. 79%-27. The Scotiabank Value Visa Card is Scotiabank’s low interest credit card for saving on interest fees. Scotia Credit Card Protection is optional insurance that can help you stay on solid financial ground. If you hold it for longer than 180 days. The Scotia RSP Catch-Up ® Line of Credit also allows you to defer payment for 3 months. View account details. The premium is added by Scotiabank to the principal amount of the loan and repaid over the same amortization period. We offer a range of affordable optional creditor protection coverage for Scotiabank credit products:Scotia Mortgage Protection: Life, Critical Illness, and Disability coverage. Continue to enjoy all your. Valid until February 29, 2024. Scotia Credit Card Protection A. Here are some of the common fees you may encounter using Scotiabank’s financial products and. For Critical Illness, the monthly premium is based on your age and your Scotiabank Mortgage account balance up to $500,0002 at the time of application approval. For answers, check out our FAQs. Interest rates fluctuate throughout the year and may be tied to your balance.