Scotiabank Home Savings Plan (SHSP)

Right for you if:

  • You’re saving to buy a new home
  • You plan to finance your home purchase with a Scotiabank Mortgage

With the new Scotiabank Home Savings Plan, you can save the money you need faster and easier than you think.

It’s simple. Start saving for your home now, and when you’re ready to finance with a Scotiabank Mortgage, we top up your savings.

It’s smart to save now

Why should you set up a Home Savings Plan now, even if you don’t know when you’ll be ready to buy?

  1. You’ll be saving automatically.
    It’s so easy and convenient you’ll barely notice you’re saving, until you see the amount you’ve put aside.
  2. Scotiabank will top-up your savings when you’re ready to buy.
    You can put the top-up toward your down payment or your closing expenses.
  3. Start house hunting sooner.
    You’ll have your savings ready plus the top-up, so you’ll get closer to closing a deal more quickly.

Ready to Apply?

You might also need...

Scotiabank Savings Reward Plan

Earn an additional 1% bonus interest on the annual average monthly balance of your savings contributions.

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Looking for the right account?

You can set up your Home Savings Plan with a variety of Scotiabank accounts. Use our Account Selector to find the perfect account for you.

Read more