Transport Mutual Credit Union Kids Saver Account
No conditions on the rate
A savings account from Transport Mutual Credit Union, paying up to 3.50% a year.
- Base rate up to
- 3.50%
- Introductory rate
- None
- Maximum balance
- $10,000
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $10,000 | 3.50% |
| $10,000 to $20,000 | 0.02% |
| $20,000 to $50,000 | 0.05% |
| $50,000 and over | 0.08% |
Who can open it
- Age to open
- Up to 17
- Maximum balance
- $10,000
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
3.50%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
3.50%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A balance cap. Interest is paid on up to $10,000, so it suits smaller balances.
- An age limit. Only for people up to 17.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 3.50%
- Bonus conditions
- None
- Most it pays
- 3.50%
- Bonus conditions
- None
- Most it pays
- 3.50%
- Bonus conditions
- None
