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 to put aside

  • Fees and Terms


    Eligible for a 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

    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, Scotiabank Savings Reward Plan
    Looking for the right account?

    You can set up your Automatic Savings Plan with a variety of Scotiabank accounts. Use our Account Selector to find the perfect account for you.

    Read More, Looking for the right account?

    Ready to Apply?

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