Putting a set amount of your income aside every month, often called ‘paying yourself first,’ is one of the most effective ways to save, so we've designed an account to make this easier for you and reward your saving habits.
Scotiabank's Automatic Savings Plan (ASP) makes saving automatic at set time intervals, so you don’t have to even think about it.
Choose how much and how often you contribute
Make payments automatically
An Automatic Savings Plan automatically deducts a specified amount on a regular basis from your checking or savings account, and deposits it directly into your destination account.
By making regular contributions, you are building your savings while earning a real return on the amount already contributed. As a result of this compounding, your portfolio has the potential to grow faster than if you made a single lump-sum contribution.