RBC Leo's Young Savers

Features & Benefits:

  • Account can be opened with any amount
  • No monthly fee
  • The interest is credited quarterly to the account
  • Unlimited free deposits and withdrawals from RBC Royal Bank ATMs at any branch, at any time day or night*
  • Free quarterly statements for easy record keeping
  • Free access to Digital Banking

* Account access to be determined by the parent/guardian.

Additional Information:

  • Interest is paid on all balances
  • The RBC Leo's Young Savers Account is designed to help children and youth between 0-17 years of age get started with savings and banking. When the child or youth reaches the age of 18, the account is replaced with a comparable account for adults.

Account Opening Requirements:

  • Two (2) forms of valid ID such as Passport, National ID Card with photo, Driver's License
  • Proof of residential address (e.g. utility bill - electricity, cable, water)
  • Birth certificate of the account holder (child)

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