Scotiabank Savings Reward Plan (SSRP)

The Scotiabank Savings Reward Plan allows Automatic Savings Plan contributors to earn an additional 1% bonus interest on the annual average monthly balance of their contributions made during the one-year term1.

It only takes a little to save a lot.

Take a look at how your savings can grow with an Automatic Savings Plan and Savings Reward Plan:

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

1 Less any withdrawals you make that are offset by an equal or greater lump-sum deposit.

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