The Scotiabank Savings Reward Plan allows Automatic Savings Plan contributors to earn an additional 3% bonus interest1 on the annual average monthly balance of their contributions made during the one-year
Putting aside even a little bit every month should be a part of everyone's monthly budget, so we've developed some tools to make saving easier for you and to reward you for good saving habits.
Scotiabank's Automatic Savings Plan (ASP) let's you:
1 Terms and Conditions apply.
2 Less any withdrawals you make that are offset by an equal or greater lump sum deposit.
earn a bonus* 3% annual interest
*Some conditions apply.
See how fast your savings can grow!
Look at the chart to see how regular contributions play a big part in growing your savings.
See how much you can save*
|Bonus interest Rate:||3%|
|Customer ASP Contributions:||$1,200 ($100 in each of 12 months)|
|Average ASP Account Balance:||$650|
|How did we get this average ASP account balance?|
|Monthly Amount Saved||Amt Saved||Balance|
|TOTAL||$7,800 / 12mths|
|Bonus Reward: $19.50 (Average balance of $650 x 3% Bonus)|
Transfer a set amount to your savings account on a regular basis. Start by setting the amount you'd like put aside and the interval, and then you can sit back and watch your money grow. You will earn a bonus 1.0% on your savings when you stick with your savings plan.