This account is to promote money management for ages 13 -17. This is an interest bearing chequing account at the Plan 24 interest rate. Interest calculated daily and paid monthly. You will receive your first 25 debit transactions for FREE, monthly statements with cancelled cheque images and be able to purchase a 1 to 5 year term deposit with a minimum of $500.
Interest from $0- $500 is 2.10%, from $501 and up is at the Plan 24 rate – .10%