Youth Accounts

Start off Right

Young people have time on their side with money management.

Our youth accounts are designed to get started well, for a lifetime of financial confidence.

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

  • Bonus interest rate, higher than a regular Plan 24 rate
  • 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® 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

  • Bonus interest rate, higher than a regular Plan 24 rate
  • 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
  • Buyer Protection/Extended Warranty

Campus Plan 24

For students 19 – 25, the campus plan keeps banking costs lower, so students can invest in their education.


Features

  • Bonus interest rate, higher than a regular Plan 24 rate
  • 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

Campus Chequing
Chequing account designed for students between 19 and 25 to lower banking costs, so they can save money for school.

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
  • Buyer protection / extended warranty
  • Options for Student Line of Credit

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)


Benefits

  • An easy & exciting way for youth to get a head start on managing money efficiently
  • Cost savings - minimal fees while earning a bonused rate of interest
  • Easy access to funds

Service Fees

  • 5 free Interac e-Transfers per month ($1.00 after 5 free)

Benefits

  • An easy & exciting way for youth to get a head start on managing money efficiently
  • Affordable and convenient

Benefits

  • Earn interest on your savings
  • Accessed conveniently anytime with online or mobile banking, Fusion Mobile App or using Fusion MemberCard 

Service Fees

  • 5 free Interac e-Transfers per month ($1.00 after 5 free)

Benefits

  • This account is a great idea for students who are just starting out; it is a great way to keep track of their finances at very low to no cost
  • Accessed conveniently with online or mobile banking, or on our Fusion mobile app
  • Proof of post-secondary enrollment required annually

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.

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