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Automatic Savings Plan (ASP)
Right for you if:
You want to start saving through regular, pre-authorised payments
You want to make regular contributions to your savings
Deposit Tip of the Month
Finding money can be easier than you think. Save regularly with an Automatic Savings Plan (ASP).
Have a pre-determined amount automatically transferred to your savings account at set intervals to ensure you save regularly and avoid temptation to spend the funds sitting in your chequing account.
- Overview
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
Customise when you’d like to make payments and how much you'd like put aside
Fees
None
Make payments
automatically
Save up to $19,000 in
3 years with monthly payments of $500
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Still have questions?
We’ve got answers. Check out our answers to common questions about banking with Scotiabank.
Download the application form.
Scotiabank Deposit Application
N/A | pdf : 599 KB
Ready to Apply?
Terms and Conditions apply.