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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 10 reasons to choose Desjardins

Who should get this investment?

Students age 24 and under,in a vocational program, CEGEP 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.
See current rates
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
  • Deposits insured up to $100,000 per person per caisse. In Ontario, Canadian dollar deposits are insured up to $100,000 by the Deposit Insurance Corporation of Ontario. Find out more about deposit insurance (FAQ).
  • Eligible for potential member dividends. Find out more about member dividends.
  • Savings-Life Insurance available.

Calculate

How much will your investment be worth at maturity?

Did you know?

If you are a vocational, university or college student, Desjardins has a range of 6 savings, credit and insurance products adapted to your needs: the d.plan for Students!

How to get this product
Online Online
(Members)
Fill out the form
 Guaranteed 100% Secure
By phone By phone
(Members)
Montreal area: 514-522-2373
Elsewhere in Canada and the U.S.: 1-800-CAISSES (1-800-224-7737)
At the caisse At the caisse
Make an appointment with a caisse advisor:

1. Some conditions apply.

Interest rates

Student Savings by Instalments
As of November 21, 2009
Term
Rate
12 months
0.20%
Minimum: $500
Rates – Student Savings Account

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