Start small and let the interest do the work
Save Your Way
Earn daily interest from the first dollar, paid monthly
No transaction fees
Unlimited withdrawals & debits
Rebates on ATM surcharges you pay at other bank ATMs in Canada1
Bank Your Way
Free INTERAC e-Transfer®
Free withdrawals from your account at HSBC Bank Canada or EXCHANGE® Network ATMs
Free mobile cheque deposit
Secure Mobile & Online banking
Start building a financially secure future
Help children develop good saving habits early in life with their own bank account.
Grow savings faster with the power of compounding interest
Who can apply
The HSBC Youth Savings Account2 is available to
Canadian residents (Canada residential address), and
Up to 19 years of age (28 for Premier Youth)
What you’ll need on hand to apply
Your current email address and telephone number
Primary addresses you've lived at for the last 3 years
Primary ID: Including original, valid government issued photo identification
Secondary ID: Including original, valid ABM card, Credit Card, College/University Student ID or CNIB Card bearing photo and signature
Tax residency information including SIN/SSN/TIN (if available)
Open an account
Ready to open an HSBC Youth Savings Account? Get in touch with us to get started.
Not sure which savings or investment option is the one for you?
HSBC Premier Benefit: This account is available for youths under 28 years of age if at the time of account opening, the parent/guardian of the youth is an HSBC Premier customer.
When you turn 19 or 28 for Premier children/dependents, we will notify you and invite you to convert the Youth Savings Account into the right bank account to meet your needs. If you do not take action, the Youth Savings Account will automatically convert to the High Rate Savings Account (see Personal Service Charge Fee Disclosure for details about account fees) on the day you turn 19 or 28 for Premier children/dependents.
The age restriction and the automatic conversion do not apply to accounts opened as Premier Youth Savings accounts prior to November 2019.
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