Double your kids’ allowance

Open a youth account before September 30, 2019 and double your kids’ allowance!**

Open a youth account before November 30, 2019 and double your kids’ allowance!**



Details:

  • Your child will receive $5 per month from Prospera when you automatically deposit $5 or more into their new account monthly
  • Deposit from Prospera will be $60 total over the next 12 months
  • Must be 16 years of age or younger



PLUS, receive $200 when you become a Prospera member.*


Disclaimer Expand/Collapse

*$200 applies when a new Credit Union member opens a personal banking account and sets up a recurring, automatic payment or deposit, or transfers their business chequing account. Limited time offer, some conditions apply. See Get Your Share for full details.

**Terms and Conditions

Offer available for a limited time only and may be withdrawn by Prospera Credit Union at any time without notice during the offer period. Only one Youth Membership Account (the “Youth Account”) per member is eligible for the Youth Account Bonus Payments provided for below.  The offer period shall commence on August 1st, 2019 and shall continue until Prospera Credit Union, in its sole discretion, ends the offer period which, without limitation, may be in 12 months or less.

To be eligible for the Youth Account Bonus Payments (the “Bonus Payments”), the following requirements must be met:

  • The new member must be under 17 years of age on the date the Youth Account is opened at Prospera Credit Union.
  • The Youth Account must be opened in the name of the new youth member.
  • Be a new member of Prospera Credit Union and not have previously been a member of Prospera Credit Union after December 31, 2017.
  • A recurring monthly transfer for a minimum of $5 to the Youth Account must be set up from another Prospera account owned by a member 17 years of age or older.

The maximum total of the Bonus Payments is $60 per new youth member. Prospera will deposit a Bonus Payment of $5 per month for every month in which a recurring deposit of a minimum $5 is deposited to the Youth Account, for a maximum of 12 consecutive months, beginning with the month the Youth Account is opened.

Bonus Payments will be deposited directly into the Youth Account that the recurring deposits are deposited into, within 10 days of the end of the month in which a recurring deposit is made. If the account is closed prior to any Bonus Payment being made, the youth member is not eligible for the Bonus Payment. Bonus Payments will be treated as interest income for tax reporting purposes.

When the account holder turns 19 years of age, the Youth Account will be converted to a regular chequing/savings account which may have different fees, interest rates, terms and conditions.