Alliance Bank

Minor Savings Account

Minor Savings Account


Do you ever look back on the things you bought when you were younger and regret it? If only you had saved that money, you'd be rich! Encourage your children and grandchildren to save their money instead of spending it right away.

With competitive interest rates and a low deposit to open, just think of all the cool things they'll be able to afford when they're older (i.e. rent, food, textbooks)!

  • Competitive interest rates
  • Monthly service charge waived when balance is over $10
  • Free direct deposit
  • Unlimited deposits
  • Free online banking
  • Free eStatements
  • Account holder must be 18 years or younger
  • $10 to open
  • 2 transfers per statement cycle (of at least 4 weeks) without charge