Take the first step with our youth accounts

Learning to save and spend wisely takes practice. Help your child or grandchild build financial independence one step at a time with our youth products and services. At every stage, we’re here to provide guidance and support. 

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Good financial habits start early

Our SaveWise™ and SpendWise™ accounts work together to help your child or grandchild learn valuable financial skills like saving toward a goal, understanding how money works, and creating a budget.

Teach your child the basics of saving and spending

Set up your child for a lifetime of success

It’s never too early to start putting money into an RESP. Choose between a family plan for more than one child in a single family, or an individual plan for one specific child in your life.

An account specially designed to 
maximize your child's savings

  • Ages 0 – 14
  • Premium interest rate on the first $2,000
  • No monthly fee
  • Send funds easily with free 
    Interac e-Transfer®
  • Free deposits and Quick Change
  • Does not include a debit card for purchases or ATM access

Your child's first chequing account for 
day-to-day spending

  • Ages 0 – 18
  • Earns interest daily, paid monthly
  • No monthly fee
  • Unlimited transactions, including 
    Interac e-Transfer®
  • Skip ATM surcharge fees at most Canadian credit unions*
  • Includes a debit card for purchases and ATM access

Set more money aside with government matching

With an RESP, the federal government matches up to 20% of the first $2,500 of per year.

Choose from a variety of savings options

Our RESPs are available in a variety of savings types, including variable savings, GICs, or mutual funds**.

Access to funds when and 
how your child needs

If your child delays their 
post-secondary education, they’ll have up to 35 years to use the funds. 

Interac e-Transfer® is a registered trademark of Interac Corp. Used under license.

*Includes Canadian Credit unions that are part of the ding free network. ®ding free is a registered trademark of Central 1 Credit Union, used under license.

**Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.

Rate subject to change without notice. 
Current rate as of June 6, 2024.


ON FIRST $2,000 IN