Youth Savings

 

A special account designed to help those under 18 learn to save.

 

 

Benefits

  • Interest is paid on balances of $100 or more
  • Interest is compounded and credited to your account quarterly
  • Unlimited deposits may be made
 

Features

  • No minimum deposit needed to open an account

  • Three free withdrawals allowed per month

 

Costs

  • Free of monthly maintenance charges while the account holder is under 18 years of age
  • Once the account holder turns 18, the account will become a Regular Savings account
  • $1 per excessive withdrawal

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