Student Savings Account

Quick facts

Classique
  • Main feature: redeemable before maturity
  • Interest rate: fixed, guaranteed until maturity and higher than the regular savings account rate
  • Term: 12 months
  • Withdrawal: at any time; $300 minimum for partial withdrawals with account balance maintained above $500
Get this product Becoming a member

Who should get this investment?

Students age 24 and under,in a vocational program or university. Ideal if you want to make your income grow, as well as the loans and bursaries that you don't need to use right away.

Features

Interest rate
  • Fixed.
  • Guaranteed until maturity.
  • Higher than the regular savings account rate.
Deposit amount and frequency
  • Flexible.
  • Frequency of transfers (the amount indicated for each frequency is the minimum amount accepted):
    • Weekly: $10
    • Every 2 weeks: $20
    • Twice a month: $25
    • Monthly: $45
Minimum savings objective
$500 over 12 months.
Eligible for these plans
  • Registered plans: TFSA.
  • Non-registered plans.
Withdrawal
  • You may completely withdraw the money accumulated at any time before maturity1.
  • Accrued interest will be paid to you in full as long as the withdrawal is made at least 90 days (3 months) after the investment issue date.
Other
  • Insured deposits up to $100,000.
  • Eligible for potential member dividends.
  • Savings-Life Insurance available.

How to get this product
By phone By phone
(Members)
1-888-283-8333
At the branch At the branch
Make an appointment with an advisor at a branch.

1. Some conditions apply.