YouthSave

YouthSave Account

Youth Masthead
Naturally parents want the best for their children. This would include their future financial well-being and a healthy attitude towards money. Motor City Community Credit Union encourages useful banking habits starting from childhood. We reward our young members with bonus interest rates so they can grow their savings faster.

YouthSave Image
A premium interest rate of 2%3 combined with the flexibility of a chequing account!

A hybrid Chequing and Savings account that’s perfect for children and teens. YouthSave is available to anyone under the age of 18 and helps develop money management skills, while earning extra interest to promote saving. At every stage of life, Motor City is there, making your financial life simple and easy.

Monthly Service Fee: FREE
Interest Rate: 2% for the first $10,000. 1% for anything above $10,000³
Eligible Age: 17 years of age or younger

Features:
  • Free In-Branch, Mobile, Telephone and Internet Banking
  • Free Unlimited ATM Transactions at over 3,300 Exchange Network ATMs²
  • Free Bill Payments (online & in-branch)
  • Free Unlimited Debit Transactions
  • Available in regular and trust
  • Can be attached to a debit card (with consent of parent)
  • No Minimum Monthly Balance Required!
3 Interest Rate for deposits less than $10,000=2.00% and greater than $10,000=1.00%. Rates per annum and subject to change at any time.
 

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