Let’s have a conversation

Book an appointment with a Scotia advisor.

It starts with a simple conversation.


Have a question?

We’re ready to give you advice.

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.

Plans 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

Products for big purchases

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

MomentumPLUS Savings Account

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


All with no minimum balance or monthly account fee.

Savings Accelerator Account

Earn a competitive interest rate on your money as it grows, with no monthly account fee. Available in registered1 and non-registered plans

Guaranteed Investment Certificates (GICs)

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

Are you saving for something else?

We can help you achieve your financial goals.

Introducing Advice+ from Scotiabank

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. Together, we’ll build a plan that fits your life today and tomorrow.

What is an RRSP?

Your guide to the Registered Retirement Savings Program and how it can help you save for retirement.

What is an RRSP?, What is an RRSP?

What is a TFSA?

Your guide to a Tax Free Savings Account and how they can help you save for your goals.

What is a TFSA?, What is a TFSA?

What you need to know about mutual funds

What is a mutual fund? Our guide explains this investment option, the benefits, risks and more.

What you need to know about mutual funds, What you need to know about mutual funds
Visit the ScotiaAdvice+ Centre Visit the ScotiaAdvice+ Centre

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.

Book an appointment with a Scotia advisor.

It starts with a simple conversation.

Have a question?

We’re ready to give you advice.

Investing FAQs

Registered plans are accounts with different tax treatments. For example, a Registered Retirement Savings Plan (RRSP) is a government-regulated investment account with special tax benefits to help you maximize your retirement savings. Deductible contributions to an RRSP help reduce your taxes, and any income you earn on your investments while in the plan grow tax deferred.

Within these investment accounts, you can invest your money in many different products that grow in value over time, such as mutual funds, GICs, and so on. 

A general guideline is to save three to six months of living expenses to get you through unforeseen events, such as job loss, illness, or major home repairs. Having an emergency fund helps you avoid dipping into your retirement savings or borrowing from your credit card or line of credit. Contribute whatever you can to your fund. Even $20 a month can make a big difference over time. Follow these 3 steps to start your emergency fund.

Investing automatically through a pre-authorized contribution (PAC) can help keep you on track to meet your financial goals. PACs eliminate the guesswork of when to invest and can allow you to take advantage of potential compound growth. And with a PAC for your RRSP, you can avoid the stress of making last minute lump-sum contributions. Find out more about a PAC and how to set one up online.

A financial plan gives you a complete picture of your finances by focusing on your current needs and future goals. It includes longer-term goals, such as retirement, and shorter-term goals, such as saving for a car or a home. Your Scotiabank advisor can help you build your financial plan and also serve a regular check point to help you stay on track. Check out our step-by-step guide on financial planning.

A mutual fund provides investors access to a diversified portfolio of investments. Your money is pooled with other like-minded investors and is invested on your behalf by investment professionals. Find out more about Scotiabank mutual funds.

A TFSA is a registered account that lets you grow your investments tax free. You don’t even pay tax when you withdraw funds.

Your TFSA can hold the following investments:

  • Mutual funds
  • Guaranteed Investment Certificates (GICs)
  • Savings accounts

Find out more about a Scotiabank TFSA and try our TFSA calculator to see how much money you can save.

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The 1.50% Promotional Interest Offer (the “Offer”) applies to New Deposits (defined below) made into an eligible Scotiabank Savings Accelerator Account (“SSAA”) between December 1, 2020 and March 31, 2021(the “Offer Period”). Eligible SSAAs include only those held within a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA). SSAAs held within a RRIF, LIF, Registered Locked-In RSP, RESP, RDSP or any other registered plan or non-registered plan are not eligible for this Offer.

During the Offer Period, promotional interest of 1.50% will be earned only on that portion of the SSAA Daily Balance that is greater than the SSAA Daily Balance as of November 30, 2020 (“New Deposits”). The “SSAA Daily Balance” means, with respect to any particular day, the closing balance in the eligible SSAA.

Promotional interest earned will be calculated at a promotional interest rate of 1.40% or 1.45% (the “Promotional Interest Rate”) plus the regular interest rate that applies to the eligible SSAA for a total effective interest rate of 1.50% during the Offer Period and only for New Deposits, as follows:

·         If the SSAA Daily Balance is $250,000 or more:  regular interest rate is 0.10% plus a Promotional Interest Rate of 1.40% for a total interest rate of 1.50%;

·         If the SSAA Daily Balance is less than $250,000: regular interest rate is 0.05% plus a Promotional Interest Rate of 1.45% for a total interest rate of 1.50%.

The above regular interest rates are effective as at December 1, 2020 and are subject to change at any time without prior notice, resulting in a corresponding change to the Promotional Interest Rate so that the interest earned during the Offer Period on New Deposits will remain at 1.50%. Please click here for current regular interest rates.

The Promotional Interest Rate will cease to apply as of April 1, 2021. All promotional and regular interest earned during the Offer Period will be calculated daily and paid monthly. All interest rates described herein are annual rates.

SSAAs must be open and in good standing in order to receive any interest calculated at the Promotional Interest Rate. For purposes of this Offer, a SSAA is not in 'good standing' if it has a negative balance or the account holder is in breach of the account agreement with Scotiabank.

It is the SSSA account holder’s responsibility to determine his or her maximum allowable annual contributions in SSAAs held in registered plans.

All other terms and conditions of the SSAA continue to apply, refer to www.scotiabank.com/accelerate for details.

This Offer, including the Promotional Interest Rate, may be changed, cancelled or extended at any time, in whole or in part, without notice. 

1
The amount you withdraw can be put back into your TFSA starting the following year without impacting your contribution room. Specific product restrictions may also apply. Annual contribution limits: $5,000 for 2009-2012; $5,500 for 2013-2014; $10,000 for 2015; $5,500 for 2016-2018; $6,000 for 2019. First time contributors who were at least the age of majority in their province/territory of residence on January 2, 2009 can contribute a maximum of $63,500 in 2019. For complete information on your contribution room, please visit the Canada Revenue Agency website.
2
The Scotiabank Savings Accelerator Account may be opened within the following registered investment accounts - TFSA, RRSP, RESP, RRIF and RDSP.