Automatic Savings Plan (ASP)
Right for you if:
You are looking to save a fixed amount regularly
You are looking for competitive interest rates
Meet your goals. You can save a set amount of money on a regular basis and see how it grows every month. Invest safely and without complications. Just decide how much you want to save and Scotiabank will do it for you automatically.
With competitive interest rates, the Automatic Savings Plan (ASP) is the perfect way to save for travel, your children's education, or simply to help you achieve your financial goals.
Initial deposit and minimum monthly contribution of $10
No maximum contributions
Contributions are voluntary and can be made weekly, monthly, quarterly, semi-annually, or annually
Three free withdrawals per month1
To open this account, you must have a Regular Savings Account, a Scotia Power Savings Account, or a Checking Account
Requirements for residents:
Two (2) forms of personal ID (both with photo)
Three (3) personal references
A copy of a water, electricity, or telephone bill (to confirm your current address, even if the bill isn't in your name)
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How Much Should You Save?
Use our Scotiabank Savings Calculator to see how saving on a regular basis can help you achieve your short- and long-term financial goals.
Each additional withdrawal over the allotted amount costs $7.