Automatic Savings Plan (ASP)

Right for you if: 

  • You want to start saving through regular, pre-authorized payments 

  • You want to make regular contributions to your savings 

    Putting a set amount of your income aside every month, often called ‘paying yourself first,’ is one of the most effective ways to save, so we've designed an account to make this easier for you and reward your saving habits.

    Scotiabank's Automatic Savings Plan (ASP) makes saving automatic at set time intervals, so you don’t have to even think about it. 

  • Transfer a set amount to your Savings Account on a regular basis 

  • Customize when you’d like to make payments and how much you'd like put aside

  • Earn 1% bonus interest1 if you save regularly with the Scotiabank Savings Reward Plan (SSRP)

    • Fees and Terms

     

    Eligible for 1% bonus annual interest

     

    Make payments automatically

    Save regularly through our Automatic Savings Plan and you can earn an additional 1% bonus1 interest on the annual average monthly balance of your contributions made during the one-year term2, through our Scotiabank Savings Reward Plan.

     

    By the numbers

    The interest you earn by saving regularly with an Automatic Savings Plan, plus the bonus1 interest of our Scotiabank Savings Reward Plan, can bring you closer to your savings target. 

    You might also need...

    Scotiabank Savings Reward Plan

    Earn an additional 1% bonus interest on the annual average monthly balance of your savings contributions. 

    Looking for the right account?

    You can set up your Automatic Savings Plan with a variety of Scotiabank accounts. Compare Accounts and Fees to find the perfect account for you. 

    Ready to Apply?

    In Person

    Contact us for more information

    Find a local branch