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Saving regularly rewards you in several ways.
First, you build the discipline of saving a portion of your earnings for something you really want, like a home for
your family. Plus, you enjoy the sense of knowing that with each month you’re getting closer to your goal.
Take a look at the chart to see how regular contributions play a big part in growing your savings.
Saving regularly for a home through the Scotiabank Home Savings Plan can become so routine you may not even think about it. Once it’s set up, it automatically continues until you’re ready to access the funds.
So you will always know how close you are to your goals, you’ll receive regular statements or a passbook.
| See how much you can save |
|
Monthly Amount Saved |
Total savings after: |
| Year 1 |
Year 2 |
Year 3 |
| $100 |
$1,226 |
$2,503 |
$3,831 |
|
$150 |
$1,839 |
$3,754 |
$5,746 |
| $200 |
$2,453 |
$5,005 |
$7,662 |
|
$300 |
$3,679 |
$7,508 |
$11,493 |
| $500 |
$6,132 |
$12,513 |
$19,154 |
|
Based on an annual savings rate of 5 ½%. |
Opening your Scotiabank Home Savings Plan is easy.
Contact us for more information about this product and how you can easily transfer your existing business to Scotiabank.
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