Saving for a big purchase

When making a major purchase, it's important to know where that money is coming from before signing on the dotted line. You have a range of low-risk investment options that offer steady returns.

Customized financial plan 

The timeline on big purchases is usually short.

It's important to establish a time frame to save for your big purchase so you can figure out how much you need to save on a regular basis.

Personalized approach

If your goal is to buy a car, plan a trip, or start saving for a down payment on a home, a Scotia advisor will recommend the right plan for you now and in the future.

Pre-Authorized Contributions (PACs)

Setting up a PAC helps you build your savings easily and conveniently through automatic contributions. It makes saving for your purchase simple and hassle-free. Find out how to set it up through online banking and start saving today.

Registered plan for big purchases

Start planning for your dream purchase today with the help of a Scotia advisor. 

Tax-Free Savings Accounts (TFSA)

A TFSA is a great way to save for both short and long-term goals, with the flexibility to withdraw your money at any time without penalty.1

Special offer

First Home Savings Account (FHSA)

Start saving towards your first home in Canada, tax-free. 


From February 1 to May 31, earn an interest rate of up to 5.10% on new FHSA deposits with the Savings Accelerator Account.

Products for big purchases

Build your plan by choosing from a range of diverse savings and investment products.

Guaranteed Investment Certificates (GICs)

A worry-free investment product that keeps your principal investment safe and has a guaranteed rate of return.

Special offer

Savings Accelerator Account

February 1 to May 31, earn an interest rate of up to 5.10% on new FHSA deposits with the Savings Accelerator Account.

MomentumPLUS Savings Account

A high interest savings account that rewards you the longer you save.

All with no minimum balance or monthly account fee.

Are you saving for something else?

We can help you achieve your financial goals.

Get smarter with your money. Get Advice+

Investing for the future is important, but so is enjoying your life today. Get financial advice from Scotiabank that’s easy to understand, informative, and tailored to you. We’ll help you build a plan that fits your life.

How you could use the new Tax-Free First Home Savings Account (FHSA)

The new Tax-Free First Home Savings Account helps Canadians save towards their first home.

How to save for a down payment towards a home as a newcomer

New to Canada and want to buy a home? Here's how to save for your down payment.

Five questions to ask before you invest


Here are five questions to ask yourself as you start on the path to investing.

Talk to a Scotia advisor today

A Scotiabank advisor is someone you can talk to about your today and trust with your tomorrow.

Build a plan for your future with Scotiabank

Get personalized advice from our team of advisors and investment specialists across Canada. 

Connect with us in a way that’s convenient for you. Scotia advisors are available in every branch to help you understand, plan, and execute the right financial plan.

Monitor your investments digitally with online and mobile banking. Our digital banking guides show you how to take care of your banking using your mobile phone, tablet, or computer.

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Online appointment booking

A quick, easy, and secure way to connect with a Scotiabank advisor matched to your needs.

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Have a question?

We’re ready to give you advice.

Investing FAQs