Automatic Savings Plan (ASP)

Right for you if:

  • You want to save while staying within your budget

  • You want to put money aside as soon as you get it

  • 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:

  • Make this automatic and you won't even have to think about it.

  • Set the amount you'd like put aside and the interval

  • Transfer a set amount to your savings account on a regular basis

  • Watch your money grow

  • Features

  • Save regularly through an Automatic Savings Plan

  • Earn an additional 1.0% bonus* interest on the average monthly balance of your contributions made during the 18-month term, less any withdrawals you make that are not offset by an equal or greater lump sum deposit

  • Bonus interest is paid in addition to our already competitive interest rates

  • 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*

      Total savings after:
    Monthly Amount Saved:
    Year 1
    Year 2
    Year 3
    $100 $1,226 $2,503 $3,831
    $150 $1,839 $3,754 $5,746
    $200 $2,453 $5,005 $7,662
    $300 $3,679 $7,508 $11,493
    $500 $6,132 $12,513 $19,154

    Note: Based on an annual savings rate of 4%.

    Fees and Terms

    Earn a bonus*

    1% annual interest

    Savings are automatically 


    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.

    Ready to Apply?

    In person 

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