I was just looking at the interest rate for Scotiabank and apparently the rate has gone up from 1.75% to 2.6% which was a please surprise as you can see here:

I guess that makes the Scotia Tax-Free Savings Account go from one of the lowest interest rate to one of the higher ones now. This is one of the few banks who are trying very hard advertising wise I think as I keep seeing its commercials on TV all the time.

Should be good for everyone who are considering or are currently using them.