Savings account · Tandia Financial
YouthSavers Account: fees and true cost
Tandia Financial’s YouthSavers Account lists 0.5% interest and no monthly fee. On $10,000 that’s about $50 a year before tax, at the posted rate.
Provincial insurerYouth (18 and under)Offered in ON
Fees retrieved November 1, 2026
Interest at different balances
| Balance | Rate | Interest a year |
|---|---|---|
| $1,000 | 0.5% | $5 |
| $10,000 | 0.5% | $50 |
| $50,000 | 0.5% | $250 |
| Balance | Rate (annual) |
|---|---|
| $0 and up | 0.5% |
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | None included (each one is charged) |
| Debit purchase in Canada (beyond included) | $0.25 |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | $0.75 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $0.75 |
| Withdrawal at another institution’s ATM | $2.00 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $3.00 |
| Debit purchase in the United States | $3.00 |
| In-branch withdrawal | No extra fee |
| Bill payment in branch | No extra fee |
| Cheque (as a payment) | Not available |
| Mailed monthly statement | Not available |
| Non-sufficient funds (NSF) | Not stated |
| Overdraft protection, monthly | Not stated |
| Overdraft protection, per use | Not stated |
| Overdraft interest | Not stated |
Notes from the institution
FCAC retrieved information for this account from publicly available information on the financial institution's website. Product features, fees, rates and eligibility requirements may change. Please verify current account details directly with the financial institution.
Is the money protected?
FSRA, as a division of Alterna Savings. Shares Alterna Savings’ coverage. Credit union deposits are insured by the province, with limits that vary — see credit union insurance by province.
Other savings accounts at Tandia Financial
- Smart Savings — 0.1%–0.3% (tiered) interest
- Tiered Interest Savings — 0.05%–0.25% (tiered) interest
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Tandia Financial’s product page
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