Scotiabank Home Savings Plan (SHSP)

Right for you if:
  • You’re saving to buy a new home

  • You plan to finance your home purchase with a Scotiabank Mortgage

  • With the new Scotiabank Home Savings Plan, you can save the money you need faster and easier than you think.

    It’s simple. Start saving for your home now, and when you’re ready to finance with a Scotiabank Mortgage, we top up your savings.

    It’s smart to save now

    Why should you set up a Home Savings Plan now, even if you don’t know when you’ll be ready to buy?

    1. You’ll be saving automatically. 
      It’s so easy and convenient you’ll barely notice you’re saving, until you see the amount you’ve put aside.
    2. Scotiabank will top-up your savings when you’re ready to buy. 
      You can put the top-up toward your down payment or your closing expenses.
    3. Start house hunting sooner. 
      You’ll have your savings ready plus the top-up, so you’ll get closer to closing a deal more quickly.

    Not sure if this is the right solution for you?

    Use our Account Selector to find the perfect account for your needs.

    Additional Information

    How to apply

    Download the application form [PDF: 614 KB]

    Account Service Fees

    Personal Financial Services Agreement [PDF: 225 KB]

    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.

    Still have questions?

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

    Read more, Still have questions?

    Download the application form Download

    Ready to Apply ?

    In Person

    Contact us for more information.

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