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. 

SCU will never share your personal information. Privacy Policy

Start the conversation
Simply fill out our contact form and we'll be in touch.

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.

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

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 September 6, 2024.

5.05%

ON FIRST $2,000 IN
SAVEWISE ACCOUNT

*