Youth Accounts
The Start of Something Good
Start their financial journey off right with our Youth Accounts—designed to help kids and teens build smart money habits from the start. We go beyond basic savings with fun, engaging tools like our interactive Savings Game, educational resources, and exciting events and contests throughout the year.
PLUS - for a limited time, get a free gift with every Youth Account opening!
YOUTH ACCOUNTS
YOUTH ACCOUNTS
FAT CAT® Account
For children up to 12 years old, the FAT CAT® account is an excellent way to help kids see the value of saving.
Features
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Bonus interest rate, higher than a regular Plan 24 rate
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No minimum balance required
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Interest is calculated daily and paid monthly
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5 free Interac e-Transfers per month.
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ding free® Canadian credit union ATM transactions
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Free bank/other/USA/International ATM transactions
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Fusion contributes $5.00 towards the member share when the account is opened. (This becomes yours after the account has been open for 1 year.)
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Entitled to purchase Term Deposits, minimum balance $500
HEADSTART® 24 Saving
For young people from 13 to 18, the HEADSTART® 24 savings account is an easy and exciting way for youth to get a head start on managing money efficiently.
Features
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Bonus interest rate, higher than a regular Plan 24 rate
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No minimum balance required
-
Interest is calculated daily and paid monthly
-
5 free Interac e-Transfers per month.
-
ding free® Canadian credit union ATM transactions
-
Free bank/other/USA/International ATM transactions
-
Fusion contributes $5.00 towards the member share when the account is opened. (This becomes yours after the account has been open for 1 year.)
-
Entitled to purchase Term Deposits, minimum balance $500
HEADSTART® Chequing
Chequing account specially designed for members age 13 to 18. Whether you're saving, earning or spending - learn to manage your finances and build healthy habits.
Features
- No monthly fee
- Unlimited transactions
- 5 Free Interac e-Transfers per month
- Free bank/other/USA/International ATM transactions
- ding free® Canadian credit union ATM transactions
- Fusion contributes $5.00 towards the member share when the account is opened. (This becomes yours after the account has been open for 1 year.)
- MemberCard available at no cost
FAT CAT® SAVINGS CLUB
Join in on the fun! Our Savings Club page has our printable Savings Game, fun activity sheets, contests and events, photo albums and more!
ACCOUNT FEES AND DETAILS
Benefits
- Contests & events throughout the year
- Financial educations
- FAT CAT Savings Game
Fees
- 5 free Interac e-Transfers per month ($1.00 after 5 free)
Questions?
Visit any one of our 18 branches and bring the following;
FAT CAT®: Must have two pieces of id (passport, birth certificate or SIN), plus a parent or guardian who has a piece of government issued photo id and proof of address.
HEADSTART®: Must have two pieces of id.
FAT CAT®: to open an account, at least one parent or guardian must sign on to the account. If you are signed on to the account, you can access. This incudes having the account available on your Fusion Mobile App or Online Banking.
HEADSTART®: If you are signed on to the account, you can access. This incudes having the account available on your Fusion Mobile App or Online Banking.
Fusion Credit Union pays the child's $5.00 member share, the child also receives a birthday card with a toonie in the mail annually until they turn 12, access to educational tools like coloring and activity sheets, Savings Game, events and contests throughout the year, and financial wellness presentations in our communities. They also begin their membership with the Credit Union which has lifelong benefits!
- 5 free interac eTransfer a month
- Free ATM transactions
- No monthly fees
- No minimum balance requirements
- Unlmiited transactions
INVEST IN YOUR CHILD'S EDUCATION WITH A RESP
Open a Registered Education Savings Plan (RESP) for your child today to help them afford their education tomorrow. Plus, the government will contribute 20% on the first $2,500.
® FAT CAT & CAT Design are registered certification marks owned by Canadian Credit Union Association, used under license.
® HEADSTART and HEADSTART Design are registered certification mark owned by Canadian Credit Union Association, used under license.