Scotiabank Savings Reward Plan (SSRP)

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

  • The Scotiabank Savings Reward Plan allows Automatic Savings Plan contributors to earn an additional 3% bonus interest on the annual average monthly balance of their contributions made during the one-year term1.

    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.

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

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

  • Watch your money grow

  • Features

  • Earn 3.0% bonus* with the Scotiabank Savings Reward Plan (SSRP)

  • Save regularly through an Automatic Savings Plan

  • Bonus is paid in addition to the interest earned on the account

  • See how fast your savings can grow!

    Look at the chart to see how regular contributions play a big part in growing your savings, and see how much you can save*

    Bonus interest Rate: 3%
    Customer ASP Contributions: $1,200 ($100 in each of 12 months)
    Withdrawals: None
    Average ASP Account Balance: $650
    How did we get this average ASP account balance?
    Monthly Amount Saved Amt Saved Balance
    Month 1 $100 $100
    Month 2 $100 $200
    Month 3 $100 $300
    Month 4 $100 $400
    Month 5 $100 $500
    Month 6 $100 $600
    Month 7 $100 $700
    Month 8 $100 $800
    Month 9 $100 $900
    Month 10 $100 $1000
    Month 11 $100 $1100
    Month 12 $100 $1200
    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.

    Fees and Terms

    earn a bonus*

    3% annual interest

    savings are

    automatically invested

    Ready to Apply?

    In person 

    Make an appointment at your local branch

    Find a local branch