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
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)|
|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.
Fees and Terms
earn a bonus*
3% annual interest