Scotiabank Savings Reward Plan (SSRP)
The Scotiabank Savings Reward Plan allows Automatic Savings Plan contributors to earn an additional 1% bonus interest on the annual average monthly balance of their contributions made during the one-year term1.
It only takes a little to save a lot.
Take a look at how your savings can grow with an Automatic Savings Plan and Savings Reward Plan:
Your initial deposit of $1,000 will grow to $1,284 in 10 years.
If you continue to save an additional $50 per month, your savings will grow to $8,106 over the same time period.
- Contributions assumed to be at beginning of each period.
- Interest rate: 2.5% compounded monthly over the entire period.
- Amounts are rounded to the nearest USD equivalent.
- The above information and interest rates are for illustration purposes only.
Less any withdrawals you make that are offset by an equal or greater lump-sum deposit.