A hybrid Chequing and Savings account that’s perfect for children and teens. Available as a regular account or a trust account.
Premium Interest Rate:
If your child has $5,000 in their YouthSave Account and let it compound over 12 months, they could earn $121! Compared to $9 in an account at a big bank.
- Monthly Fee: $0
- 2% Interest Rate for balances below $10,000
1% Interest Rate for balances above $10,000
- Free Online, Mobile, and In-Branch Banking
- 5 Free e-Transfers a month
- Unlimited ATM transactions at 3,700+ ATMs
- Unlimited Debit Transactions (with consent of parent)
- Eligible Age: 17 years of age and younger