Save automatically 

Why enrol for automatic savings?

Whether you're saving for an education, your retirement or a second home, saving automatically is the first step to increasing your savings and being on your way to financial health. When you save automatically you accumulate money without even noticing. Get started with useful tools, helpful articles, and Scotiabank’s exclusive Bank the Rest® program.

Smart savings tools

Save by moving money automatically between your eligible Scotia chequing account and your Money Master Savings Account. Choose between two savings tools that automatically move money based on your income, spending, and the targets you set.1,2

  • Pay Yourself First moves a portion of your payroll or other eligible recurring deposit3 into your account.
  • Savings Finder moves a maximum of $75 into your account up to three times per week to reach your monthly goal.
Learn moreabout smart savings tools

Bank the Rest

With the Bank the Rest® program the more often you use your debit card to make everyday purchases, the more you’ll save.

Round your debit purchases up to the next multiple of $1 or $5 and automatically pocket the difference in your Money Master Savings Account.

Learn moreabout monay master

More advice to help you save

How to start saving money

Get clear on your goals, cut back where it counts and start saving today — even when your finances feel tight.

Be rewarded for your banking

Lifestyles often change, make sure your day-to-day banking choices keep up with these changes.

Suggested tools

Start saving with Scotia Total Equity Plan  

STEP helps you unlock your home equity today to save for your goals tomorrow.

Bank The Rest 

The Bank The Rest savings program lets you automatically round up your debit purchases to the nearest $1 or $5. 

View more tools

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1
Based on an analysis of your transaction activity (including spending patterns, expenses, and incoming funds) in your designated chequing account over the three-month period prior to the transfer and the default balance limit for the Pay Yourself First tool of $400, or the limit you have chosen. For example, if your designated chequing account balance is below the default limit of $400, then the tool will not initiate the transfer. Click here for full terms and conditions.
2
Based on an analysis of your transaction activity (including spending patterns, expenses, and incoming funds) in your designated chequing account over the three-month period prior to the transfer and the default balance limit for the Savings Finder tool of $200, or the limit you have chosen. For example, if your designated chequing account balance is below the default limit of $200, then the tool will not initiate the transfer. The range of amounts and frequency of such transfers is set by Scotiabank and may be amended from time to time, without prior notice to you. For more information on the current ranges and frequencies please refer to the FAQs section in Scotia Smart Money by Advice+ on the Scotia mobile app. Click here for full terms and conditions.
3
Deposits or income sources that are greater than $200 per deposit, credited into your Source Account with a weekly, bi-weekly, monthly, semi-monthly or every two months frequency will be considered recurring and can be selected as part of your enrolment in the Pay Yourself First.