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Scotiabank Savings Reward Plan example

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Scotiabank Savings Reward Plan example

It only takes a little – to save a lot

Take a look at how your savings can grow with an Automatic Savings Plan.

See how regular monthly contributions add up!


Your initial deposit of $1,000 will grow to $1,284† in 10 years.

If you continue to save an additional $50 per month, your savings will grow to $8,106† over the same time period.


Assumptions

  • Contributions assumed to be at beginning of each period
  • †Interest rate: 2.5% compounded monthly over the entire period
  • Amounts are rounded to the nearest dollar
  • US$ equivalent

The above information and interest rates are for illustration purposes only.

See where saving with Scotiabank will take you!

To sign up for an Automatic Savings Plan and the Scotiabank Savings Reward Plan – visit any Scotiabank branch or call our Contact Centre today!








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