Earn interest with access to funds
The ideal account for those aged 18 and under who wish to save for a goal while making occasional withdrawals. The Youth Savings Account offers 10 free transactions per month, with access to your money any time.
Account Highlights
Start the journey to saving and financial wellness with a youth account.
- Designed for clients aged 18 and under
- Ten free transactions per month
All eligible deposits with BlueShore Financial are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC)†.
Enjoy these benefits with your Youth Savings Account:
- Ten free transactions per month
- Save and access your money
- Free e-transfers with other BlueShore accounts
- Pay for only what you need
- Free annual statement
Per-transaction fees after the first free 10 mean you only pay for what you use. Plus, you have access to your money through ATMs, direct payment (POS), Online or Mobile Banking or in-branch withdrawals.
Interest
| Balance | Rate* | |
| No minimum balance required to earn interest |
Service Fees
| Youth Savings Account Service Fees | |||||||||
| Withdrawals | $1.25b | ||||||||
| Bill Payment - In Branch | $1.25b | ||||||||
| Transfers (between BlueShore Financial accounts) | Included | ||||||||
| Withdrawals – BlueShore Financial, THE EXCHANGE® or ACCULINK® ATM | $1.25b | ||||||||
| Withdrawals – Interac® ATM | $2.25 | ||||||||
| Withdrawals – Cirrus or U.S. EXCHANGE® ATM | $3.25 | ||||||||
| Point of Sale (in Canada) | $1.25b | ||||||||
| Bill Payment - Online | $0.70b | ||||||||
| Interac® e-Transfers - (send, request money) | $1.00 | ||||||||
| Pre-authorized Payment Debits | $1.25b | ||||||||
| Cheque Clearing | N/A |
Take your savings to the next level
Lock in a great rate now and enjoy higher rates starting in year two. Earn 2.75% in the first year, increased automatically to 3.75% in the second year of your investment.^
- Option to redeem funds after the first anniversary, or earn a higher rate for another year
- Registered accounts include RRSP, RRIF, RESP, TFSA or RDSP
- Choose to renew or reinvest at maturity
- Eligible deposits are 100% guaranteed†
- $100 minimum
Related Advice
Financial Planning
Enhance your personal financial literacy
Do you feel well informed when making decisions about your financial future? Build your financial knowledge base and move ahead with confidence.
Everyday Banking
The hows and whys of creating a basic budget
A budget isn’t about punishing yourself – it’s a tool to help you manage your money.
Have a question? Ask an expert
Josh Fiorvento Financial AdvisorMutual Funds Investment Specialist
Financial Advisor
Mutual Funds Investment Specialist
Our team of experienced professionals are here to answer any questions you may have.