Skip to main content
Top of main content

What are you looking for?

Build a strong foundation with Coast Capital

  • Open an account that grows with them
    Whether it's a joint account with a parent or their own membership, an account helps children build confidence and responsibility with money. Children under 6 years old can start their savings with an RESP.
  • Practice saving and spending
    Handling money with a cash allowance or their own debit card helps kids learn how money works through real experiences.
  • Supercharge their savings
    Ensure you are taking full advantage of government grants through registered plans like Registered Education Savings Plans and Registered Disability Savings Plans.

Open an RESP

For children aged 18 years and under, get the benefits of tax-advantaged savings for their post-secondary education with a Registered Education Savings Plan (RESP). 
Book appointment
or call us at 1.888.517.7745

Build money skills

Build money skills and savings habits with a joint or individual membership for children aged 6 to 18 years.
Book appointment
or call us at 1.888.517.7745
Unsure which account to open for your child? Book an appointment with an advisor. You can also read the FAQs below for answers about eligibility, account options, and how to get started.

Frequently asked questions

Children are eligible for membership at age 6, as long as they can sign or print their name and have a basic understanding of opening and operating an account. 

  • Children aged 6-11 are eligible for joint membership with a parent/guardian.
  • At age 12 children are eligible for their own sole named membership or a joint membership with a parent/guardian.

Memberships for individuals under 19 must be opened in branch. Book an appointment with a Coast advisor to open the membership, the appointment will be approximately 1 hour. 

The underage member must attend the appointment and bring the correct ID, including a Social Insurance Number (SIN) and a valid email address (this can be a parents/guardians' email address, or the child's own email address.) Please let the advisor know if the child doesn't not have a valid SIN or email address.

Children are eligible for most banking products and services like chequing and savings accounts, a debit card and online banking access.

Members must be 19 or older to be eligible for lending products (i.e. loans, lines of credit, credit cards) or as the owner of a registered savings plan (i.e. RRSP, TFSA) or to hold some investment products (i.e. mutual funds, ETFs, stocks and bonds). 

Parents, guardians or family members can open an RESP for an eligible child. The child must be a Canadian resident with a valid Social Insurance Number. Book an appointment with a Coast advisor to open your RESP or contact our Virtual Advice Centre at 1.888.517.7000 to open over the phone.

Financial advice

Money management for kids

Can you really teach your kids the value of money? Short answer? Yes. Here are some practical ways to teach your youngster about managing and saving money.

Learn more about Money management for kids
Teaching kids financial literacy

It’s never too early to start teaching your children about good financial habits. Discover some useful advice on how to teach your children to both manage and save their money.

Learn more about Saving for your kids’ education
Teach your tween about money

Here are a few practical and fun ways to talk to tweens about money without being on the receiving end of an eye roll or complaint.

Learn more about Teach your tween about money
Three women sitting at table. Two women are facing camera and the one woman has her back to the camera. Three women sitting at table. Two women are facing camera and the one woman has her back to the camera.

Set your family up for success with expert advice

Whether your child is saving for something special or learning how money works, we're here to help build strong financial habits that can last a lifetime.

  • Personalized guidance tailored to youth, parents, and families
  • Account options that grow with you—from joint accounts to independent banking
  • Savings tools, resources, and education to build lifelong money skills
Book appointment

Set your family up for success with expert advice

Whether your child is saving for something special or learning how money works, we're here to help build strong financial habits that can last a lifetime.

  • Personalized guidance tailored to youth, parents, and families
  • Account options that grow with you—from joint accounts to independent banking
  • Savings tools, resources, and education to build lifelong money skills
Book appointment

Need help getting set up? Let's chat

Talk with our team to get the advice and access to the tools you need.

Book appointment

1.888.517.7000

Worldsource Financial Management Inc.

Mutual fund dealer service and segregated fund administration are managed by our trusted partner at Worldsource Financial Management Inc. Worldsource is a leading independent dealer services provider. Their expertise allows us to provide better products and services, online account access and reporting.

Worldsource View is a tool that allows members to view and monitor investments online, anytime, anywhere, plus the convenience of printing your statements.

Go to Worldsource View
Go to Worldsource Investor Hub
CDIC Deposit ProtectionCDIC Deposit Protection

Coast Capital Savings Federal Credit Union is a member of the Canada Deposit Insurance Corporation (CDIC). More CDIC information

Only deposits payable in Canada are eligible to be insured under the Canada Deposit Insurance Corporation Act.

The information on this page provided for general information purposes only. It is not to be relied upon as financial, tax, or investment advice or guarantees about the future, nor should it be considered a recommendation to buy or sell. You should consult your professional advisor for specific financial, investment, and tax advice tailored to your needs to ensure that individual circumstances are considered properly and action is taken based on the latest available information. 

CDIC protects eligible deposits (like in a GIC) to a maximum of $100,000 per depositor and per eligible deposit category.