See where your good savings habits can take you!
Putting aside even a little bit every month should be a part of everyones monthly budget, so weve developed some tools to make saving easier for youand to reward you for good saving habits.
Scotiabanks Automatic Savings Plan (ASP)
The easiest way to save regularly is to immediately put some money aside as soon as you get paid. You can make this automatic and you wont even have to think about it.
Scotiabanks Automatic Savings Plan (ASP) transfers a set amount to your savings account on a regular basis. Start by setting the amount youd like put aside and the interval, and then you can sit back and watch your money grow.
Earn 1% bonus interest on ANG accounts and 0.25% bonus interest on USD accounts with the Scotiabank Savings Rewards Plan1
Every good habit should come with a reward. With the Scotiabank Savings Reward Plan, we reward your good saving habits by paying bonus1 interest when you stick to your savings plan.
Its easy! Just save regularly through an Automatic Savings Plan and youll earn an additional 1% bonus interest on ANG accounts and 0.25% bonus interest on USD accounts1 on the annual average monthly balance of your contributions made during the one-year term, less any withdrawals you make that are offset by an equal or greater lump sum deposit. And this bonus interest is paid in addition to our already competitive interest2 rates.
Are you ready to save and earn? Find out which account is right for you and then set up an ASP.
Savings in Action
Numbers tell the story best. The interest you earn by saving regularly with an ASPplus the bonus1 interest of an SSRP1brings you closer to your savings goal.
How much closer? Look at the chart to see how regular contributions play a big part in growing your savings.
| 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 4%. |
View all accounts
1 Some conditions apply
2 Please refer to number 4 of Terms and Conditions
back to top
Top up your savings with the Scotiabank Home Savings Plan (SHSP)
With the new Scotiabank Home Savings Plan, you can save the money you need faster and easier than you think.
Its this simple: Start saving now for your home purchase and when youre ready to finance with a Scotiabank Mortgage, we will top up your savings.
All you need to start is a Scotiabank account. Then call a Scotiabank representative to set up an Automatic Savings Plan. Ready for your new home?
Savings in Action
Why should you start saving now, even if you dont know when you will be shopping for a home?
- Start house hunting sooner.
Youll have the savings ready plus the top-up, so youll be ready to house shop sooner.
- Scotiabank will top-up your savings when youre ready to buy.
You can put the top-up toward your down payment or your closing expenses.
- Youll be saving automatically.
Its so easy and convenient youll barely notice you are saving, until you see the amount youve put aside.
Not what youre looking for? View all accounts
back to top
|
Automatic Savings Plans (ASP)
