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Desjardins Youth Profit Account

Quick facts

  • Account type: Build-Up Savings Account for members age 21 and under and full-time post-secondary students age 22 to 25
  • Interest rate: 0.05% to 0.10% (based on balance maintained)
  • Fees: free unlimited regular transactions for members under age 18
  • Insured deposits: up to $100,000 per person per caisse
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Who should get this account?

Build-Up Savings Account for young people age 21 and under and full-time post-secondary students age 22 to 25. Use it for your regular transactions or for your savings and earn a better interest rate.

Features

Transactions
Deposits, withdrawals, cheques, transfers, bill payments and debit card purchases.
Access to your account
You can use your Desjardins Access Card (debit card) to make all your regular transactions at Desjardins caisses, ATMs and, at any time, on AccèsD Internet and Telephone.

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Interest
Interest paid monthly.

See current rates.
Monthly fees
  • Free unlimited regular transactions for those under age 18.
  • $4 off service charges or choice of plan for those age 18 to 21 inclusively (up to age 25 for full-time students).
Account statement
Get free monthly statements of account by mail or online.

Find out more about monthly statements of accounts.
Insured deposits
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).
Overdraft transfers
You can add the Overdraft Transfer service to your account (Canadian currency only) to cover transactions that exceed your account balance using an automatic cash advance from your VISA Desjardins credit card.

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Other

How to get this product?
At the caisse At the caisse
Members
Make an appointment with a caisse advisor:
Non-members
To open an account, you must first become a member of a caisse.