Youth Savings Account
Start off Right
Young people have time on their side with money management.
Our youth savings accounts are designed to get started well, for a lifetime of financial confidence.
YOUTH SAVINGS ACCOUNTS
YOUTH SAVINGS ACCOUNTS
Fat Cat® Account
For children up to 12 years old, the Fat Cat account is an excellent way to help kids see the value of saving.
Features
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Bonus interest rate, higher than a regular Plan 24 rate
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No minimum balance required
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Interest is calculated daily and paid monthly
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5 free Interac e-Transfers per month.
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ding free® Canadian credit union ATM transactions
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Free bank/other/USA/International ATM transactions
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Fusion contributes $5.00 towards the member share when the account is opened. (This becomes yours after the account has been open for 1 year.)
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Entitled to purchase Term Deposits, minimum balance $500
Headstart® 24 Saving
For young people from 13 to 18, the Headstart 24 savings account is an easy and exciting way for youth to get a head start on managing money efficiently.
Features
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Bonus interest rate, higher than a regular Plan 24 rate
-
No minimum balance required
-
Interest is calculated daily and paid monthly
-
5 free Interac e-Transfers per month.
-
ding free® Canadian credit union ATM transactions
-
Free bank/other/USA/International ATM transactions
-
Fusion contributes $5.00 towards the member share when the account is opened. (This becomes yours after the account has been open for 1 year.)
-
Entitled to purchase Term Deposits, minimum balance $500
Campus Plan 24
For students 19 – 25, the campus plan keeps banking costs lower, so students can invest in their education.
Features
-
Bonus interest rate, higher than a regular Plan 24 rate
-
No minimum balance required
- Interest is calculated daily and paid monthly
- 5 free Interac e-Transfers per month.
- ding free® Canadian credit union ATM transactions
- Free bank/other/USA/International ATM transactions
- Fusion contributes $5.00 towards the member share when the account is opened. (This becomes yours after the account has been open for 1 year.)
- Entitled to purchase Term Deposits, minimum balance $500
INVEST IN YOUR CHILD'S EDUCATION WITH A RESP
Open a Registered Education Savings Plan (RESP) for your child today to help them afford their education tomorrow. Plus, the government will contribute 20% on the first $2,500.