Youth & Student Accounts
Fat Cat
Headstart
StudentChoice®
For information on our bursary program for post secondary education, please click here.
Personal | Youth & Student Accounts
Fat Cat
The Fat Cat Account is a special package designed to be opened in trust for young people 12 and under. Anyone can open an account in a young person's name. A parent or grandparent might start an education fund for a new baby. A family friend could deposit birthday, Christmas or special holiday gifts. Fat Cat members enjoy special benefits including higher interest rates on savings, an opening gift, and yearly birthday cards announcing the child's choice of a small present.
- Fat Cat Offers You:
- Quarterly statements
- MEMBER CARD® debit card for ATM usage and direct payment purchases by trustee
- The first twelve in-branch or electronic debit items (withdrawals, bill payments, etc)
- Electronic account access (phone and internet)
- Inter-account transfers and deposits
- Interest accumulatedt the same as the Platinum Savings Account
Headstart
Designed for young adults 12 to 18 years of age at no monthly package fee. Your Credit Union wants to help you get a head start on good money management, and has created this special account to do just that. It combines the benefits of chequing and savings into one great package.
- Headstart Offers You:
- Monthly statement with cheque imaging
- MEMBER CARD® debit card for ATM usage and direct payment purchases
- The first twelve in-branch or MEMBER CARD® related debit items per month (cheques, bill payments, AFT's, withdrawals, etc.)
- Electronic account access and transactions (phone and internet)
- Inter-account transfers and deposits
- Interest is set at a competitive flat rate, calculated on the minimum daily balance, and paid monthly at month end
STUDENTCHOICE®
Our STUDENTCHOICE® package is a smart and easy way to achieve your educational goals. We offer you a variety of products, convenience and flexibility in managing your cash flow at competitive rates. It combines chequing privileges with competitive interest earning capabilities. It's designed for you!
Helping You Build a Better Future
Meeting your expenses while attending school can be a challenge. Whether you have been saving for your education or have received funds from government student loans or your family - it still may not be enough. We can help!
The STUDENTCHOICE® package is available to students enrolled in a recognized college, university or technical school, and taking a minimum 60% full-time course load. This package is designed to meet the special loan and banking needs of students. We offer a variety of options that help you take care of your finances so that you can concentrate on learning.
Applying for the STUDENTCHOICE® package is easy! Contact us to set up a meeting to discuss your financial requirements. We'll help you design a plan that will ensure your money lasts for the entire school year!
The STUDENTCHOICE® package allows you to select from a variety of products that suit you best:
- An interest-bearing student chequing account at a discount fee of $7.99 per month
- Monthly statement with cheque imaging
- A MEMBER CARD® debit card that can be used at any ACCULINK® or INTERAC® ATM machine in Canada or CIRRUS® machines around the world
- In-branch and electronic debit items (cheques, bill payments, AFT's, withdrawals, etc)
- Electronic account access and transactions (phone and internet)
- Inter-account transfers and deposits
- Unlimited transactions at any ATM, not just Lakeland Credit Union ATM's
- Cheque certification, money orders, traveller's cheques,Canadian drafts
- Stop payments
- Authorized overdraft facility - pay nominal usage fee and interest only for amount used*
- Interest is set at a competitive flat rate, calculated on the minimum daily balance, and paid monthly at month end
- Student loan up to $10,000/year to a maximum of $40,000 for four years* with monthly interest-only payments until six months after you finish or leave school
- Students obtaining a professional designation are entitled to additional funding to meet their educational costs*
- Computer loan up to $4,000 *
- CU CREDIT® Student MasterCard® Credit
Card or CU CREDIT® CHOICE
REWARDS Student MasterCard® Credit Card is available
*Subject to normal criteri
Student Information Website Link: The Debtfree Graduate - Financial Advice for Students
