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

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

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

  • Fees and Terms


    for a 1% bonus annual interest


    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.

    Additional Information

    How to apply

    Download the application form 

    Account Service Fees

    Personal Financial Services Agreement

    Terms and Conditions

    You might also need...

    Scotiabank Savings Reward Plan

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

    Read More

    Still have questions?

    We’ve got answers. Check out our answers to common questions about banking with Scotiabank.

    Read More

    Application Form: Bring it with you on your next visit.

    Ready to Apply?

    In Person

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