Take the first step with our youth accounts

Learning to save and spend wisely takes practice. Help your child 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 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.

Pursue lifetime goals

Learn more

Explore products for students

SaveWise
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

SpendWise
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

Learn more

We understand life gets busy for students. Choosing StudentFLEX can help students manage their finances and debt so they can enjoy an easy transition from school to work after graduation.

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.

¹Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries and affiliates carry on business in Canada under the name of Assurant Solutions®. Assurant Solutions is a registered trademark of Assurant, Inc. Details of insurance coverage, including definitions, benefits, limitations and exclusions, are in the Certificate of Insurance. The Certificate of Insurance is available online. Insurance coverage is subject to change.

Rate subject to change without notice. 
Current rate as of April 1, 2020.